Member Info for ocelot

Scroll down, PiranhaPires.

Yesterday evening, we learnt that the Head of Planning Services recommends refusal of ANGS's ewt application at Balcombe.
(Next week's planning committee meeting was cancelled today).

https://www.bloomberg.com/news/articles/2020-03-17/fed-restarts-commercial-paper-facility-to-relieve-market-strains?srnd=premium

The Federal Reserve will restart a financial crisis-era program to help U.S. companies borrow through the commercial paper market after it came under “considerable strain” due to the coronavirus pandemic...

ECB didn't reduce interest rates, contrary to expectations. Euro is backed by Germany, with its reputation for very conservative currency and budgetary management.

There's a post on the UKOG board saying the WSCC meeting is cancelled.

Full-year results on Thursday, 19th - I expect they'll say something then!

I'll modify that slightly:

It's in response to the Head of Planning Services refusal to recommend the Balcombe ewt application.

It reflects the Head of Planning Services refusal to recommend the Balcombe ewt application.

... At the same time, evidence is starting to emerge that temperature and humidity do make a difference in the ability of the virus to infect large numbers. That should give health services hope for some respite as summer spreads across northern temperate regions, aiding the ability to plan for renewed outbreaks once winter rolls around...

https://www.bloomberg.com/opinion/articles/2020-03-17/coronavirus-may-slow-by-summer-with-warmer-temperature-humidity?srnd=premium-europe

... At the same time, evidence is starting to emerge that temperature and humidity do make a difference in the ability of the virus to infect large numbers. That should give health services hope for some respite as summer spreads across northern temperate regions, aiding the ability to plan for renewed outbreaks once winter rolls around...

https://www.bloomberg.com/opinion/articles/2020-03-17/coronavirus-may-slow-by-summer-with-warmer-temperature-humidity?srnd=premium-europe

I noted this statement from Dixons Carphone's update of this morning:

... To date, the Group's trading has not been impacted materially by COVID-19...

Useful analysis, ValueBud, thank you.

From City AM's more detailed coverage of Macron's measures:

Gas, electricity, water bills and rent payments will also be suspended during the crisis, he added.

The president also said that no French company would be allowed to collapse as a result of the disease, and told businesses to take steps to enable working from home for all employees.

He also unveiled a €300bn package to guarantee loans to companies during the outbreak.

Apparently, in his TV address this evening, Macron offered a state guarantee of 300bn euros to banks to freeze loan repayments, ...

The UK isN'T quite there yet!

The UK is quite there yet!

The BBC reports that Macron's TV address this evening included the following measure:

No business, regardless of size, will be allowed to fail

Boris Johnson may well be obliged to propose something similar. We are heading for a big increase in the government's financial commitments.

Thought Trump was quite open: didn't deny the possibility of a recession, spoke of the need for "social distancing".

He's acting in a more Presidential and bi-partisan manner (imho).

Congratulations, seadoc!

... Precisely why MbS thinks that potentially bankrupting his country, spending the remainder of its dwindling foreign assets reserves, and alienating its only significant ally in the world is a mystery but whatever the reason both the U.S. and Russia will be perfectly happy to watch on the sidelines to see exactly how it all pans out for MbS.

https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Oil-War-Could-Bankrupt-The-Kingdom.html