"not been on this site for a very long time" Really? I can only say good to that Further Bye Bye Note this is an Investment site not a teaching site Buy an encyclopedia they can be purchased on ebay for practically nothing
Hi all not been on this site for a very long time, so apologies in advance but can some one please help, my daughter is doing A Level business and the question is. What are the benefits and drawbacks to the Governments fiscal policy in the UK? My daughter has put the fiscal policy will have positive effect on the economy if taxes were to decrease as in the current economic climate this give businesses and the public a better chance of making a profit/ disposable income. This would have a positive effect on the general public as they would have more of a disposable income and spend more on luxuries , this in turn will have a positive effect on the economy as more people will be employed therefore we will not have to import as many goods. hope someone can help. Thanks
Foolio? Can I lend you a tenner? Im a BP stalwart, and have nothing but faith in the company. I dont see 400p coming again, and even if it does, I likely wont get back in. I was here in 2010 straight after the spill, watching the ROVs, all the way though the cleanup, all the way through the initial blame, hate campaigns, and made 25% on my investment over almost 3 years. I cashed out as I thought that 461 was a good price, ahead of the tax year ending, to free up this years CGT tax free allowance. I stand by my decision and since we are at 442 now, I got it spot on. Not that I need to explain myself to a 3 post pretender like yourself.
Again, I have nothing but faith in BP as a company, and that their legal team will do the business. But at 460p, when oil prices are slipping, when the FTSE is super high, with the buy back not completing for a year, and the Rosneft deal not causing any rise, 461 was a great price, as shares are well overdue to correction for me, and the only thing which is pushing BP back to 500p, is a good outcome in the court case. I don't see a ruling in that for another 6-9 months at the very least.
So sorry to disappoint you, but Im still here, and likely will be during the court case. As for my boo hoo posts, again, looks like I got it spot on eh? Only a clown would think that 6300 on the FTSE is fair value.
this is a backyard picture of the Mayflower, AR oil spill on that Exxon pipeline. The local authorities have denied the press access to these areas so few have actually seen the extent of the spill. This picture was taken by a friend's daughter who lives next door to this house.
NEW YORK--Crude-oil futures prices were sharply lower Friday, hit by growing worries over rising U.S. oil supplies and slowing growth in global oil demand. ICE North Sea Brent crude-oil futures, a key global benchmark, were down for a third straight day, sliding below $102 a barrel, a level it hasn't settled below since July. Traders said Brent is suffering from continued worries about weakness in European economies and strong supplies of refined products, like gasoline in the U.S. As a widely traded international crude, Brent reflects global supply demand fundamentals better than the U.S. benchmark crude oil, which isn't widely exported. "It's simply a supply-demand situation," said Dan Flynn, an analyst at Price Futures. "We've basically got more supply here than we know what to do with." U.S. crude-oil inventories stand at their highest level since July 1990, even as refiners has increased processing rates. Higher output from refiners lifted gasoline inventories in the key East Coast region above five-year average levels and alleviated earlier concerns about tight supplies ahead of the spring-summer driving season. Rising inventories touched off steep declines in gasoline futures, which has spilled over into crude oil prices, analysts said. At the same time, widely watched global oil forecasts are projecting slower growth in global oil demand. "There's no indication that we're going to see a demand surge in the second half and there are a lot of cautionary signs out there," said Andy Lebow, senior vice president for Energy Futures at Jefferies Bache. "The market is concerned, and rightly so." Light, sweet crude oil for May delivery on the New York Mercantile Exchange was 2.3%, or $2.14 a barrel, lower at $91.37 a barrel. The intraday low of $91.23 a barrels was a one-month low. ICE May Brent was 2%, of $2.03 lower, at $102.25 a barrel, after hitting a low of $101.91 a barrel. Traders said Brent could test the $100 level, which it hasn't settled below since July. May reformulated gasoline blendstock futures were weaker for a third day, down 1%, or 2.95 cents, at $2.8015 a gallon. Nymex May heating oil was 1.6%, or 4.76 cents, lower at $2.8516 a gallon.
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