The word in the City of London is that our current woes at the pumps, petrol more expensive than dancing girls, diesel acceptable as a wedding gift that sort of thing, are down to the genius of three commodities traders using something called the 'black box' system of betting on futures and buying up oil contracts.
Look, I will always defend the principle of free markets and people making a stash is fine by me. But this is almost clear and present danger for the nation. A fragile economic situation could be tipped by this one.
Anyway do you really think the government would stand by if people were starving in the streets because someone had bet on bread and a loaf was £10 a chuck?
In the US this could mean a visit from the men in black suits. After all, speculation on world oil reserves is the presdent's job.
I'm going to have a word with Harry off Spooks.
The scene after one petrol station offered discounted fuel
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Gigsy wrote...
Steve,
It won't be long before the blockades and queues are back with us.
Up the revolution!
There is good news....
..The Pale Fountains are reforming for two one off shows in 2008.
Its good to see your blog now has a few comments about motoring.
It was in danger of being hi-jacked by ex Southport Trinity players, hell bent on a tirade of smut and filth!!!
Anyone got any tips about water ingress in the footwell of a '99 Renault Scenic?
I think it might be a kink in a small drainage pipe from the sunroof.
What do other readers think?
Posted by: Gigsy | November 14, 2007 11:19 AM