Thread: Thai Baht Rates .

Essentially, the BoE has signalled negative interest rates are unlikely, early vaccination has increased optimism for a return to higher trading levels and the combination of Brexit costs and galloping debt means inflation is an inevitability resulting in likely increases to the base rate. Also the Thai economy is taking a real hit and the delay in vaccination programmes until end 21/22 means prospects are grim indeed. Hence th increase in £ values. I'm hoping for a real kick to food and oil prices and inflation hitting 3% by September.

Oil prices will never be high again. It's 2021 and people want rid of it.

Originally Posted by Seekingasylum

I'm hoping for a real kick to food and oil prices and inflation hitting 3% by September.

.... so that your gold plated, index linked civil service pension can add to the tax bill of the lumpen masses that you hate so much, but depend on for financial support.

Originally Posted by Wakey

Oil prices will never be high again. It's 2021 and people want rid of it.

You fucking moron, global stocks have been steadily shrinking since the glut peak, output has been constrained and the major players are sticking to agreed protocols, and the heralded post pandemic surge in trade have all contrived to raise prices, currently at their highest for a year, and demand is predicted to rise significantly by 2022. Global consumption is still in the 95 million barrels per day, a rate that will increase by next year, bar any more global shocks back to 100 millions barrels per day.

You gonzo dickwad.

Oh right, that explains why BP plans to almost half its oil production by 2030.

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Aussie dollar bucks edging higher

Originally Posted by Seekingasylum

You fucking moron, global stocks have been steadily shrinking since the glut peak, output has been constrained and the major players are sticking to agreed protocols, and the heralded post pandemic surge in trade have all contrived to raise prices, currently at their highest for a year, and demand is predicted to rise significantly by 2022. Global consumption is still in the 95 million barrels per day, a rate that will increase by next year, bar any more global shocks back to 100 millions barrels per day.

You gonzo dickwad.

When have you ever looked ahead by more than a year, aside from predicting £$ parity at some time before the world ends?

Pause your superior insults for long enough to look at what's going on, and you might see there's a fcuking mess out there while the clean energy crowd have given themselves the green light to save the world by getting rid of whatever they don't like. And they don't like oil. But it won't die tomorrow.

Originally Posted by jabir

And they don't like oil. But it won't die tomorrow.

One suspects those countries, investing in oil and gas development and supply infrastructure currently, see a much longer timescale.

The price, in US$ however, will continue to rise as the US$ due to its accelerating devaluation and depleting local oil and gas extraction.

At least the world's biggest oil-head is no longer President.

Originally Posted by Wakey

BP plans to almost half its oil production

halve

verb
verb: halve;

3rd person present: halves; past tense: halved; past participle: halved; gerund or present participle: halving




1.
divide into two parts of equal or roughly equal size.

"peel and halve the pears"

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^ Oops. You posted the exact same image, Snakey (11 March at 9.15am).


Here's an updated one (12 March at 9.20am).