Member Info for Love_You

Wouldn't be surprised if we left the EU - but maybe not until march 2020.

The people who say it can't happen well there is only two days left to change the law!!

As it stands if the HoC can't agree a deal, or change the existing law, then at midnight on 29th we officially leave the EU.

At the moment inertia is on the side of the UK leaving - and inertia has won so many times throughout history that one would be counting one's chickens to write it off on this occasion.

Cheers Oxo42.

If you think about it we can only know a tiny bit of what is really happening in the world at any given time. So I'm glad that we can both appreciate music!

Does anyone know what the average basket size at Marks & Spencer is?

Ocado said average orders per week rose 11.3 percent to 314,000, though average order size edged 0.2 percent lower to 110.24 pounds.

https://uk.finance.yahoo.com/news/uks-ocado-sales-growth-held-071449593.html

So Ocado is getting 340,000 orders a week with an average basket size of £110.

Ocado said average orders per week rose 11.3 percent to 314,000, though average order size edged 0.2 percent lower to 110.24 pounds.

https://uk.finance.yahoo.com/news/uks-ocado-sales-growth-held-071449593.html

So Ocado is getting 340,000 orders a week with an average basket size of £110.

Has Tesco been left to supply the people with no money with food with very little profit margin.

If so is this government orchestrated as all companies in a capitalist system are meant to be profit seeking.

Hence when I see goods being sold at below cost value (whether they be loss leaders or for another reason) it makes me realise capitalism is over and we are already living in a different period of history.

Our current society violates/contradicts so many of the tenets necessary for capitalism that I will no longer use the term capitalism anymore - it doesn't exist anymore if listed companies are going to allow imbeciles to set the prices of their goods.

Ocado is valued at nearly half the market capitalisation of Tesco - it must be a joke/bad dream?

Ocado valued at nearly twice the market capitalisation of Sainsbury's - must be a joke/bad dream?

It's only two wells to hook up - it shouldn't really take more than a few weeks. But the future will reveal whether there were any delays/complications.

It's only two wells to hook up - it shouldn't really take more than a couple of weeks. But the future will reveal all.

Your oil has gone - people smarter than you built a submarine FPSO and have already extracted it and shipped it to the USA!!

This is what you get for sitting on your arses for the last 8 years merely talking about extracting it !!

Can we just get the oil developed and then party without years more of delays whilst people's lives are being economically ruined - just let the stupid greens be bored living in their moss caves without cars and without alcohol. Probably worrying that they are going to die tomorrow from a little bit of sunshine or a temperature above 20 degrees Celsius. Just what is wrong with these people who want to stop all economic activity if it uses cars/vans/lubricants/plastics/oil/or petrochemicals?? Sooner or later people are just going to ignore them and proceed with economic projects whether or not a few tree-huggers agree or not - because there are millions of people who depend on economic activity for their livelihoods and once they realise the economic slowdown is purely politically driven, and actually there is plenty of oil and gas just offshore Ireland, then their will be a price to pay - a far larger price than just worrying about twenty tree-huggers chaining themselves to some trees somewhere.

I'm so frustrated by the lack of progress here. Who cares about nurses or about Daddy O'Reilly. People care about the oil and getting it out asap - now get on with it you bunch of slow moving paupers or you will find that someone will have built a submarine FPSO and have extracted the oil under your noses before you even realised that it had already been extracted by a submarine FPSO!!

Yes but companies shouldn't be made bankrupt by financiers/governments when they are serving a useful social purpose/need.

Hence I do feel sympathy for people who lost money on derivatives. Some of these people were incredibly smart and their only "misdeed" was in believing that society wouldn't allow a few greedy individuals to prevent/wreck a widespread economic boom with the potential to benefit the majority of stakeholders in a company.

Hence you can't really accuse these people of being stupid or of deserving their losses - for some of then never acted out of greed or self-interest. They merely acted on their belief that if there were viable projects capable of improving the standard of living of the majority of citizens then these would get regulatory approval.

I mean I'd prefer to have sympathy with these people who put their own money investing in what should be win-win projects rather than the alternative - small cabals of financial bandits who the regulators allow to derail projects which would benefit the majority of citizens just because a few bankers half-a-world away haven't got enough long positions in the given company to make it worth their while backing/promoting (in their eyes).

Ultimately the people will just start getting on with projects themselves ...the government has just about lost control because economic growth is too low and they are faking the statistics to disguise the true level of under-employment and to disguise just how high the levels of inequality have become.

Jinja,

Well as shareholders we need to remove these idiots who run the company and replace them with people who will start to recoup some of the lost shareholder value.

Do you have a plan as to how to get rid of these idiots who currently run the company?

If you do then please share it - maybe many others losing money here will be willing to join your plan for replacing the directors/management here with people who can actually start to recoup some of the lost shareholder value.

Hi all,

In my part of the world the "real world" is not ceasing to exist. All the industrial/business parks are full of cars and contractors...lorries constantly coming and going...and this is just a snapshot of relatively small UK towns/market towns.

Hence if online is constantly growing and the "real world" is not shrinking then in my opinion it means that the world is only going to hit its limits to growth sooner than originally envisaged.

Also with online growing year upon year, and the "real world" not visibly shrinking, then surely the world's consumption of natural resources is going to have to also keep on growing....so people betting against mining, and oil and gas companies are probably not going to see the decline of these industries anywhere near as fast as they perhaps previously expected.

In fact there may still be decades of genuine growth left in the mining and oil-and-gas sector because if people want home-food delivery, more consumer choice, lower energy costs, and more foreign travel then there will have to be more finance provided to the natural resources sector and new development projects given the go ahead.

Otherwise we are perceived to be in a managed decline by the financiers and yet on the ground it is not the story one sees, and add to that the growth in online year upon year -this can't continue without more infrastructure spend to improve networks for the distribution of goods (it's all well and good have amazing warehouse technology but roads need maintaining and upgrading unless it causes problems). Also everyone wants to travel and to see the world - yet electric cars are only a tiny fraction of the global fleet of vehicles as of today.

So something is not going to add up in the future - either the wealth inequality will increase even further causing a risk of social chaos and financial chaos all over developed markets - or there will need to be further projects given the go ahead to extract more natural resources from the Earth.

However, although I don't like to predict growing inequality it seems the most likely option, because there seems a complete lack of realism from policymakers that natural resources projects can actually create jobs, thriving communities, and at the same time be long-term neutral regarding their environmental impact (which nearly all natural resources projects can be as former mine sites can be made into nature reserves, and oil extraction is probably carbon neutral in the medium term as both plants and oceans convert atmospheric CO2 into oxygen.

Before the 2008 crisis you couldn't get free music on YouTube

https://www.youtube.com/watch?v=ws6CF4S82nY - Good Day Sunshine.

Seems that everything changed as well as the valuations in the financial markets.

Have a lovely day everyone, and here's one more song to help you de-stress

https://www.youtube.com/watch?v=uoQYdA08DYo - Laurent Wolf - No Stress.

If the cost of package holidays rise then would people take less holidays on average?

If the cost of package holidays rise then will people simple take less holidays?

If the West of Sheltand greater basement area contains a total of 15,000,000,000 barrels of recoverable oil then it could sustain oil production of 1,000,000 barrels per day for the next 41 years !!!

https://uk.finance.yahoo.com/news/why-does-wall-street-love-234600910.html

Petrobras have achieved 1,750,000 barrels of oil per day from the pre-salt, offshore Brazil.

Now I like to aim high. However, I think it will take a little while for more than 1,000,000 barrels of oil per day to be achieved from the basement rocks West of Shetland.

However I think it would be a good aim for the UK government to have - to try and achieve 1,000,000 barrels of oil per day purely from the West of Shetland basement oil play.

Does anyone else think that a 1,000,000 bopd might be achievable from this area or perhaps even more by 2028?

"We get things like steel for worthless bits of paper."

You mean up to now (a few years) that this has worked. Surely it won't go on working tough will it? Just because it's worked for a few years doesn't mean it's getting less risky as a strategy...it actually means it is getting more risky as a strategy. With every year that passes the risk that other people wake up to the reality that they are getting worthless bits of paper in exchange for actual goods increases. And when they realise what has been going on...you don't expect them to be happy about it do you - or do you?

No shortage of oil at the moment after a period of massive investment by the global oil industry.

https://uk.finance.yahoo.com/news/why-does-wall-street-love-234600910.html

As I often walk/drive for days without seeing a single electric vehicle I am still of the persuasion that economic activity is best measured by the use of fuel (petrol/diesel/oil).

Hence as engines are probably at the limits of their efficiency then any future fall in oil consumption probably means that the world is entering a recession/depression/economic decline.

For all those who think otherwise then give me some decent reasons which might make me actually change my mind - as currently I know what I observe from year to year with my own eyes as I travel around the UK/Europe.