"Welcome to the new world of oil," said Michael Wittner, Societe Generale's senior oil analyst. "Saudi Arabia and Opec will no longer be the mechanism to balance the market, they have relinquished that role. Instead, the market itself - prices, in other words - will be the mechanism to rebalance the market. We cannot overstate what a dramatic and fundamental change this is for the oil market."I think this is good news. The Middle East is no longer holding the world to ransom. Also, we are (too) slowly weaning ourselves off oil.
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Friday, 28 November 2014
Falling oil prices
Oil prices continue to fall worldwide for many reasons. See http://www.bbc.co.uk/news/business-30247276. I think North Sea Oil is a minor part of our trade figures these days. Had Scotland become independent, the falling oil revenues might have been very serious.
Paedophile Doctor
See http://www.bbc.co.uk/news/uk-england-cambridgeshire-30243290 .
How sad that a doctor was so driven by his unhealthy sexual interest in young boys that he has ruined his career and is likely to face many years in gaol. His sentencing hearing has been adjourned until Monday when his fate is likely to be known.
I think questions need to be asked why he was able to commit his offences for so long. He betrayed trust and must face his punishment. It is sad he was not helped to overcome his addiction long ago.
How sad that a doctor was so driven by his unhealthy sexual interest in young boys that he has ruined his career and is likely to face many years in gaol. His sentencing hearing has been adjourned until Monday when his fate is likely to be known.
I think questions need to be asked why he was able to commit his offences for so long. He betrayed trust and must face his punishment. It is sad he was not helped to overcome his addiction long ago.
Stroke update
In the last few weeks, I seem to have made little progress. I still find many liquids hard to drink, I still get giddy when walking and most physical activities exhaust me, although on many days my level of stamina may be a little better. I do so want to be back to my old self again.
Immigration and the Conservative party
With not long to the next General Election here in the UK, the Conservatives are now trying, against the odds, to win hearts and minds in the debate on immigration. The latest idea is to grossly restrict benefits for 4 years for people who immigrate to the UK. Unfortunately for a small island like ours (?) we find ourselves real magnet for people wanting to move within the EU. Those that move and work here help our economy with growth in the UK stronger than in the rest of Europe. Whether or not this latest idea will reduce nett inward migration I do not know. UKIP is making its voice heard and the Conservative party is rattled.
I still have no idea which party to support in the General Election next year. The outcome is likely to be close with minor parties holding the balance of power or being asked to form a coalition with either Labour or the Conservatives. I actually quite like David Cameron, but slightly prefer Labour values. Sadly I think the Labour leader is not too charismatic or good as a leader. Last time I voted for the Liberal Democrats. In the EU elections (not first past the post) I voted Greens.
See http://www.bbc.co.uk/news/uk-politics-30224493 .
I still have no idea which party to support in the General Election next year. The outcome is likely to be close with minor parties holding the balance of power or being asked to form a coalition with either Labour or the Conservatives. I actually quite like David Cameron, but slightly prefer Labour values. Sadly I think the Labour leader is not too charismatic or good as a leader. Last time I voted for the Liberal Democrats. In the EU elections (not first past the post) I voted Greens.
See http://www.bbc.co.uk/news/uk-politics-30224493 .
Sepura (SEPU) shares and FTSE 100
Sepura (my old company) shares gained even more today to end up at 147p, 2% up on the day and the strongest level for some time now. After a day largely in negative territory, even the FTSE 100 index made very slight gains by the end of the day.
Thursday, 27 November 2014
Sepura (SEPU) shares
Shares in my old company have increased in value by around 10% lately. Good, but they have been even higher.
La Hogue cafe
We went to place our Christmas order in the local farm shop, La Hogue, and then stayed for lunch. For the first time (since my stroke) I managed a full coffee. I also had a ham and cheese Panini with all the trimmings and managed most of it.
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