Skip to main content

Oil Widget II

The oil price widget has worked it's wonders. Since I put it up, it has done nothing but sink and sink.. now at 132, down from that 145 mark I had started out at, it seems that the international markets have either come to their senses ( a tiny wee bit).
So hooray for demonstrative action!

This of course, does not mean that you should start using the stuff like mad (these kinds of price adjustments have to reach the consumer market first), but maybe it is a sign of things starting to be less expensive again. Rather take a moment to reflect on why a price of oil per barrel, evaluated amongst other things by demand, rose so high in the first place. It can't all be a few galahs on a Via del Muro speculating...

Comments

Post a Comment

Popular posts from this blog

IGAF: Utopia- Les Jours Meilleurs

A couple of weeks ago, I wrote this post, titled Dystopia , containing a dark version of the future, a look at the negative outcomes that might crawl out of the COVID-19 crisis. It has, by now been described as "9/11 in slow motion". Someone else broke a golden editorial rule to describe it as "2008  on crack". Media outlets, including Youtube, have warned of the long-term effects of this, on civil rights, labour and employment, surveillance and press freedom. And some, most notably Mr Orban of Hungary, have used this excellent opportunity to pass new, restrictive legislation that concentrates power in their hands. There have been calls for the elusive COVID cure not to be patented. And yet… And yet… It's easy to lose yourself in a media bubble, following the news and media 24/7, following, queuing in line to get into expensive shops, just walking into discount stores and the constant desire for many drinks (preferably with 10 friends or more, in a park...
Post a Comment
Read more

IGAF: An ahistoric crisis?

One of the many reasons I have grown to appreciate interviews with Arundhati Roy over the last year of what I'm calling her book tour is that, in contrast with many speakers at conferences and interviewees, I never have the feeling she is trying to sell me something. She speaks in a calm, collected voice, full of knowledge, experience and occasional wisdom, without being desperately full of herself. One of my favourite sayings is, so far, goes something like "The most successful revolution was the secession of the rich onto a global planet, wherefrom they cannot see the poor. There is no more India, no more USA, no more Europe- there is planet Rich, then there is planet Poor, and both are global."* Carers at their limits- now more than ever. For €2400 and some chocolates?  A month or so into what may be a new normal, my life is still pleasant- with some adjustment, I am, so far, privileged in this absence of change and an ability to follow the crisis as I would fol...
Post a Comment
Read more

IGAF: Disappearing the inconvenient.

This IGAF (Is Goodness a Fashion) series explores, from a non-expert point of view, the social, economic and narrative ramifications I see developing from the COVID-19 crisis, worries, but also hopes for a future that the current shock to the system may result in. It's a pity that random things happen when random people interact. That a person might be exposed to unexpected, or unpleasant sights when they leave the house. That we might see trash, homeless people, the effects of gentrification, closed stores in polluted streets, trees withered by mercurial weather, people in environmental suits, afraid of the diseases lurking within the safe confines of those suits. The world divided into those who have to face the streets, the Outside, and those who are safe Inside. It's a pity that these still interact. Our measure as a species that claims moral, ethical and intellectual hegemony over this planet will be two-fold as we deal with the COVID-19 crisis: On the one hand, socie...
Post a Comment
Read more