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Oil

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    Oil

    Brent is close to $112 per barrel and rising fast.

    Add in the "green" taxes and it's going to be mightily expensive filling up the car for many.

    #2
    Originally posted by DimPrawn View Post
    Brent is close to $112 per barrel and rising fast.

    Add in the "green" taxes and it's going to be mightily expensive filling up the car for many.
    You can go and fetch it for free in New Zealand. Well not free, you'll have to get there, but cheap.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment


      #3
      Originally posted by DimPrawn View Post
      Brent is close to $112 per barrel and rising fast.
      That's QE ][ - banks borrow cheap money using tulipy bonds and pile up into commodities to make a killing - you.

      Comment


        #4
        Originally posted by AtW View Post
        That's QE ][ - banks borrow cheap money using tulipy bonds and pile up into commodities to make a killing - you.
        Luckily for me I've been buying oil via spreadbetting since it was below $100. I've made enough to fill up all the prawn cars for a decade.



        Keep printing money, it's making me rich!

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          #5
          Originally posted by DimPrawn View Post
          Luckily for me I've been collecting vegetable oil from my local takeaways. I've got enough to fill up my Tata cars for a decade.
          FTFY.

          Comment


            #6
            Tata is making Range Rovers these days...

            Comment


              #7
              Originally posted by AtW View Post
              Tata is making Range Rovers these days...
              Which is the one reason why I'll never buy one. It's bad enough all the IT jobs going to India without sending your hard earned there as well.

              Comment


                #8
                Originally posted by DimPrawn View Post
                Which is the one reason why I'll never buy one. It's bad enough all the IT jobs going to India without sending your hard earned there as well.
                So you think it would be better for those remaining British workers in manufacturing if their products are not purchased and Tata shuts down the shop?

                Comment


                  #9
                  Originally posted by AtW View Post
                  That's QE ][ - banks borrow cheap money using tulipy bonds and pile up into commodities to make a killing - you.
                  QE doesn't involve any bonds other than gilts (unless you class these as tulipy), and doesn't involve any borrowing by banks.

                  HTH
                  "A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester Freamon

                  Comment


                    #10
                    Originally posted by Freamon View Post
                    QE doesn't involve any bonds other than gilts (unless you class these as tulipy), and doesn't involve any borrowing by banks.

                    HTH
                    So where does the extra money end up? BoE must be buying the gilts with this "printed" money so who's selling them and getting the wonga?

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