US to request that UK release emergency oil reserves

PS_RalphW · Post by **PS_RalphW** » 16 Mar 2012, 21:32

Brent tipped out the week at $126, up $4. This is more than simple speculative swing. There are rumours that the Israeli cabinet have passed a vote allowing a unilateral attack on Iran if the boss chooses.

There is also a surge of oil tankers from SA booked for the US in the next couple of weeks.

This is all rumour and circumstance, but it is alarming.

woodburner · Post by **woodburner** » 16 Mar 2012, 21:42

RalphW wrote:
This is all rumour and circumstance, but it is alarming.

Phew! Thank goodness it's only rumor.

raspberry-blower · Post by **raspberry-blower** » 16 Mar 2012, 22:26

woodburner wrote:
RalphW wrote:
This is all rumour and circumstance, but it is alarming.
Phew! Thank goodness it's only rumor.

Nope, it's not a rumour Israeli cabinet votes to attack Iran

This doesn't bode well....

Catweazle · Post by **Catweazle** » 17 Mar 2012, 17:32

Perhaps we should ask ourselves;

"Who are the smartest people in the world ?"

Do they work as advisers to Governments ? Or do they work for Goldman Sachs ?

That might give us a clue as to who will win this game of chess we call the Global Economy.

biffvernon · Post by **biffvernon** » 18 Mar 2012, 09:10

Neither. They work in sheds, studios, kitchens, libraries, fields, or just sit in caves. Smart people don't go near governments or banks.

Post by **adam2** » 18 Mar 2012, 09:47

if there is the likelyhood of another war in the ME then that would seem to be even more reason not to use oil reserves for short term political gain, but to retain these reserves for actual war or other emergency.

So far as circumstances allow, it would seem advisable to ADD to stocks, not consume them.

frank_begbie · Post by **frank_begbie** » 18 Mar 2012, 11:02

The stock market love a nice disaster.

I'm not sure if you can get any lower?

Not the market, the people

Catweazle · Post by **Catweazle** » 18 Mar 2012, 12:15

biffvernon wrote:Neither. They work in sheds, studios, kitchens, libraries, fields, or just sit in caves. Smart people don't go near governments or banks.

They might be "the best of the rest".

There are some very, very smart people in the financial sector and they run the world.

woodburner · Post by **woodburner** » 18 Mar 2012, 12:55

There are at least hedge funds that hire only PhDs to do their trading.

biffvernon · Post by **biffvernon** » 18 Mar 2012, 15:28

Catweazle wrote:
There are some very, very smart people in the financial sector and they run the world.

No, they don't run the world, they mess it up. That is not being smart.

woodburner · Post by **woodburner** » 18 Mar 2012, 15:47

biffvernon wrote: No, they don't run the world, they mess it up. That is not being smart.

They may not be smart then, but they have more effect on what you can do than you have on them. From their point of view they come out on top, individually that's smarter than being on the bottom. It might muck it up for many people, but nature doesn't do sentimental.

biffvernon · Post by **biffvernon** » 18 Mar 2012, 17:49

Come out on top? On top of what? The happiness league? The go to my grave in the knowledge that I've led a fruitful life? Did somebody say money can't buy you life? I was talking to someone last night just back from helping building a schoolroom in Uganda, a hour's drive off the tarmac road. He said the thing that you notice most is that all the kids are so happy, dirt poor but always laughing and singing.

As for having more effect, I'm not too sure even about that. Bankers may just be an emergent phenomenon in a society where people keep shopping. They become our scapegoats upon which we heap our own sins.

JavaScriptDonkey · Post by **JavaScriptDonkey** » 18 Mar 2012, 18:54

Money can't buy you happiness but neither can poverty.

Catweazle · Post by **Catweazle** » 19 Mar 2012, 00:03

biffvernon wrote:Come out on top? On top of what? The happiness league? The go to my grave in the knowledge that I've led a fruitful life? Did somebody say money can't buy you life? I was talking to someone last night just back from helping building a schoolroom in Uganda, a hour's drive off the tarmac road. He said the thing that you notice most is that all the kids are so happy, dirt poor but always laughing and singing.

As for having more effect, I'm not too sure even about that. Bankers may just be an emergent phenomenon in a society where people keep shopping. They become our scapegoats upon which we heap our own sins.

The meek have long been promised the Earth, as compensation for the shit life they have.

Face facts, the rich have a better life than the poor. Those smiling kids could die early through lack of treatment for common disease or spend their life hungry.

JavaScriptDonkey · Post by **JavaScriptDonkey** » 19 Mar 2012, 00:10

Catweazle wrote: Face facts, the rich have a better life than the poor. Those smiling kids could die early through lack of treatment for common disease or spend their life hungry.

Maybe they are so happy because they have no concept of how good their lives could be if only they had wealth.

Is ignorance necessarily more blissful than enlightenment?

Maybe the cleverest ones had left already just leaving the laughing fools behind.

I fear we shall never know.