"French President Nicolas Sarkozy on Tuesday called for a cut in European oil taxes to help consumers as fishermen and truck drivers across the continent staged protests against soaring prices.French riot police cleared fisherman away from a key oil depot in southern France as British truck drivers staged a demonstration in London and Spanish fishermen started a strike and lorry drivers threatened to join in.Italian and Greek fishermen may start strikes this week."http://afp.google.com/article/ALeqM5hX-SqMo2iaFkffklYI6E513bBSYg
"French President Nicolas Sarkozy on Tuesday called for a cut in European oil taxes to help consumers as fishermen and truck drivers across the continent staged protests against soaring prices.
French riot police cleared fisherman away from a key oil depot in southern France as British truck drivers staged a demonstration in London and Spanish fishermen started a strike and lorry drivers threatened to join in.
Italian and Greek fishermen may start strikes this week."
http://afp.google.com/article/ALeqM5hX-SqMo2iaFkffklYI6E513bBSYg
>>6655 Careful Nicky boy, less coming into France's treasury means less for your politicians to spend on their mistresses!
>>6655
Careful Nicky boy, less coming into France's treasury means less for your politicians to spend on their mistresses!
Nope, I don't want to see taxes cut. Let people squeal so they finally fucking get it that going for energy efficiency is not a cost, it's an investment. People shouldn't be heating their homes with oil when there are perfectly viable alternatives. That said, the sudden hikes in commodities prices are due to speculation. Financial wizards are desperately looking for somewhere profitable to park their money. Unfortunately commodity markets are relatively small so you don't need much to unhinge them. Take for example Brent Oil. In 2007 an estimated 616 million barrels of Brent Crude were shipped. The futures contracts for Brent Crude amount to 57 billion virtual barrels! That's a 92.4 to 1 pricing leverage. And this is only what's traded on the exchanges, it doesn't include Over-the-counter trading which would push the ratio way above 100. Unfortunately those financial wizards are once again playing that familiar old game of musical chairs. They know the bubble will burst but for now they play along, hoping they can rid themselves of the contracts right before the cusp of the curve is reached.
Nope, I don't want to see taxes cut. Let people squeal so they finally fucking get it that going for energy efficiency is not a cost, it's an investment. People shouldn't be heating their homes with oil when there are perfectly viable alternatives.
That said, the sudden hikes in commodities prices are due to speculation. Financial wizards are desperately looking for somewhere profitable to park their money. Unfortunately commodity markets are relatively small so you don't need much to unhinge them. Take for example Brent Oil. In 2007 an estimated 616 million barrels of Brent Crude were shipped. The futures contracts for Brent Crude amount to 57 billion virtual barrels! That's a 92.4 to 1 pricing leverage. And this is only what's traded on the exchanges, it doesn't include Over-the-counter trading which would push the ratio way above 100. Unfortunately those financial wizards are once again playing that familiar old game of musical chairs. They know the bubble will burst but for now they play along, hoping they can rid themselves of the contracts right before the cusp of the curve is reached.
>>6667Man, and I thought we were still trying to get out of hole the last burst bubble ('99) left us in.
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