The Conservative Party

inbetween said:
Didn't OPEC try to bankrupt US producers around 10 years ago by increasing supply to lower the price? I can recall the ships parked off ports full of oil because there was so much supply. I knew someone at the time who worked in Aberdeen who lost their job because of it as it was more expensive to drill the oil than the price to sell it.

It's a perfect time for huge monopolies to put competitors out of business and as you say it's a once in a lifetime opportunity to steal Russian market share, especially if they're more competitive in exports to China. It's already happening with the big middle east increases in gas exports to the west so why is oil any different?
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There are different grades of oil, not sure about the exact numbers and not got a clue about Russian oil but Saudi have the cheapest oil and can turn a profit at something like $20 a barrel, the US was something like $45 but they slashed wages over there and that came down somewhat, Canada have shale and that’s even higher.

It wasn’t to send them out of business, the US literally just stop pumping under a certain price because it’s not worth it, so it’s the workers who get fucked. At low prices the Saudis aren’t making much money so nobody benefits. I think the sweet spot for everyone is about $60-80 a barrel.

Yeah, that’s right on the ships, I was short oil at the time and was looking at images of the ships on the net, I knew the storage was full from all the floating storage and full storage equals lower prices.

Russia have said they’re 17% down on production. They probably have higher profits though as the price is considerably higher than 17% up since it kicked off.

Ultimately, demand will go down because of the high price, OPEC aren’t pumping that much so the price will stay high. Russian oil will get sold at discount to the east and Middle Eastern oil will go to the west. The winners are the Middle East as they’re getting fuck loads more money, Russia as they’re getting fuck loads more money but not as much as the others. China and India are probably paying slightly over average due to Russian discount and the West are getting fucked hard.

Now EDF are having problems with nuclear and importing electricity from the UK and the shit has hit the fan with a LNG exporter in Texas due to fire.

Basically, Europe are fucked.
 
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Fode N The Hole said:
If it isn't a nationalised industry why is it any of Michael Green's, Corinne Stockheath's and Sebastian Fox's business?

The government don't force ITV or Sky to publish salaries like the BBC do they?
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Is it not a simple attempt to ostracise people against the strikers?

It doesn’t need to be true, nothing does with this government. It just needs to be believable for enough of the people to believe it.
 
bluethrunthru said:
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Could get uber drivers to retrain as train and tube drivers and pay them 50% more than they get in the minicab and some would be game for it. Replace the maintenance crew with the blokes from car park car washes.

Fo some reason I'd prefer drivers of 125 mph trains to be trained and paid like pilots and qualified (mechanical) engineers to look after the trains and railways instead of casualised labour.

Can't think of exactly why though...
 
Alan Harper's Tash said:
Is it not a simple attempt to ostracise people against the strikers?

It doesn’t need to be true, nothing does with this government. It just needs to be believable for enough of the people to believe it.
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Well yes. I did realise that. But this thread would be a bit shorter if we condensed it to "tories are lying bastards who only survive because of gullible morons". Despite how accurate and comprehensive that statement is.
 
Fode N The Hole said:
Well yes. I did realise that. But this thread would be a bit shorter if we condensed it to "tories are lying bastards who only survive because of gullible morons". Despite how accurate and comprehensive that statement is.
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I generally can’t be arsed chatting about it these days. No one changes their minds and there’s not much you can say to someone hellbent on blaming Labour for shit that happened 15 years ago.

Defending the Rwanda policy is nigh on impossible, yet loads of ill educated people do.
 
bluesteel said:
I used to trade oil, badly. If the dollar strengthens, commodities like oil go down and vice versa. The dollar is strong against everything right now, except the Ruble, I got an alert on my phone that it’s at a 1998 high against the yen this week for example.

Right now oil is going up despite the dollars strength, mainly due to the west not buying from Russia and OPEC+ not increasing production (despite the US trying their hardest get them to do so) because they’re happy with the price.

Maybe the £ would be higher the against the dollar if it wasn’t for brexit but I guess 5-10%.

The government charge us about 58p in tax per litre, but then add 20% VAT on top of the whole bill, if petrol is £1.90 then 38p is VAT and 58p in fuel tax. They just reduced this to 53p for a year. However, because VAT is a percentage the government are making 13p a litre more (I’m including the 5p discount) from petrol than they were at £1 a litre.

Also, the petrol stations themselves take the piss when the price is higher, I assume their margins are on a percentage but don’t really know.
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Who did you trade Oil for ?
 
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Fode N The Hole said:
Could get uber drivers to retrain as train and tube drivers and pay them 50% more than they get in the minicab and some would be game for it. Replace the maintenance crew with the blokes from car park car washes.

Fo some reason I'd prefer drivers of 125 mph trains to be trained and paid like pilots and qualified (mechanical) engineers to look after the trains and railways instead of casualised labour.

Can't think of exactly why though...
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You need to give Nick Ferrari a ring - he thinks his super skills and the massive responsibility for lives he takes on daily mean he is worth £3k a show.
He also thinks that rail workers ...responsibility...lives etc.....well in his view are over paid.
Of the 2 groups I'd single out Ferrari for an award as a ****
 
Grant Schapps was "disgusted" that P&O replaced qualified sailors with poorly trained agency staff to become more profitable.

The same Grant Shapps/Michael Green/Sebastian Fox who threatened my Union GS today with changing the law to allow poorly trained agency staff to my safety critical job to break a strike if he didn't agree to an offer of 2% pay rise and accepting compulsary redundancy within Network Rail.

We think there's more at Play here within the Tory party. Schapps has seen an opportunity to look like a future Tory leader by picking a fight with the biggest railway union.

We hear Johnson wants a "quick win" as long term action will damage him. Sunak isnt playing ball. Probably for the same reason Schapps is.
 
mat said:
Grant Schapps was "disgusted" that P&O replaced qualified sailors with poorly trained agency staff to become more profitable.

The same Grant Shapps/Michael Green/Sebastian Fox who threatened my Union GS today with changing the law to allow poorly trained agency staff to my safety critical job to break a strike if he didn't agree to an offer of 2% pay rise and accepting compulsary redundancy within Network Rail.

We think there's more at Play here within the Tory party. Schapps has seen an opportunity to look like a future Tory leader by picking a fight with the biggest railway union.

We hear Johnson wants a "quick win" as long term action will damage him. Sunak isnt playing ball. Probably for the same reason Schapps is.
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Shapps as PM ??? Fuck me I'd love to think you are pissed or high but I can see that with this shower of over promoted shite that they think if Johnson is up to the job I am........
 
Gove in back of a fag packet shock.

www.lgcplus.com

Gove unable to say how right-to-buy expansion will be funded | Local Government Chronicle (LGC)

Expansion of the right to buy scheme to housing association tenants will be funded by the government, but the exact details are still being worked out,
www.lgcplus.com www.lgcplus.com

This "I don't know the answers" committee session concludes with a reference to low business taxes.

"Redcar could be like Nashville..." or vice versa.

Yet, even before Covid, I read, "Without intervention, inequality is likely to continue to be exacerbated as the area increasingly absorbs more automation, software and other digitization that replaces the need for existing low-skill jobs. We found that 1 in 4 jobs in Middle Tennessee are at high risk of automation," Liu said. "Less educated, young adults, and black and Hispanic workers are most at risk."
 
Ha ha ha - how desperate are the Tories - they get one of their hate sheets to drag up a non-story which may hold a bit of interest for some but probably gives Streeting a hint of glamour for some. Reminiscent of the days when the Tory press went after Ed Millibands late father

www.dailymail.co.uk

Wes Streeting's grandfather was a robber who hung out with the Krays

RICHARD PENDLEBURY: If Wes Streeting ever becomes prime minister, he will surely be the first whose mother was born in prison. The Daily Mail can reveal the outlaw lives led by his grandparents
www.dailymail.co.uk www.dailymail.co.uk
 
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