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Syrian Oil Sanctions Agreed: Just in Time for Lybian Oil.

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Oh the idiosyncrasy of British foreign policy; if only it were merely idiosyncrasy and not government policy (whose government- ours, the EU or USA I’ll leave to you to decide. I go with ‘a little from column A, a little from column b…’
Libya has a no-fly zone to aid the ‘rebels’ against a allegedly violent, unjust and unwanted dictatorship; this no-fly zones quickly becomes a Biggles paradise with ‘targeted’ bombing; then we discover both American and British forces have been in the country aiding the ‘rebels’. Now are we sure it was just aiding? How long were they there? Couldn’t be they were there before the uprising spreading discontent and questionable propaganda, could it?
Then there is the pronouncement of William Hague, Foreign Secretary (anybody noticed the irony of his surname?) that ““Very significant” sanctions on the sale of Syrian oil to the EU have been agreed”
And just in time for the Libyan oil bonanza!

Written by Smiling Carcass

03/09/2011 at 5:08 PM


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Amazingly, we have a man who worked on the BP rig and has the inside story suddenly appear. I wonder where he has been for the last few months?

Written by Smiling Carcass

21/06/2010 at 7:35 AM

Posted in BP, oil, World

Rogue Traders

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A rogue trader at London oil broker PVM Oil Futures has cost them $10m (£6m).

First, these traders make billions off the backs of consumers, keeping prices artificially high by sitting on oil (or any other product) until the price is right.

Second, one might argue that these futures investors are fraudulent themselves, since they never physically hold the product. PVM could not take a prospective buyer to a thousand barrels of oil and say ‘here’s what you’re buying’. It’s all done on paper.

And finally, they lose $10m and there is no suggestion of financial difficulty, never mind bankruptcy. How many real businesses that actually produce something besides profits have $10m to lose, never mind stand the loss!

That’s what I want to be when [if]I grow up!

Written by Smiling Carcass

04/07/2009 at 10:16 AM

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