Results tagged “petrol” from Liverpool Echo - Driving Passion
If the sight of so many drivers queuing for petrol was not so tragic it would be funny.Several times over the weekend I came across full forecourts as the price of a litre dropped below a pound.
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


