Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Nickbat]

This makes for a good read.

http://www.independent.co.uk/opinion/commentators/dominic-lawson/dominic-lawson-mr-brown-can-try-to-blame-this-crisis-on-opec-but-the-real-fault-lies-with-his-own-tax-policy-832806.html

The last paragraphs neatly sum up the position:

"It could just be that the speculators who have driven up the price of crude oil futures to such a giddy height might discover that they have dramatically misread the market: if the sub-prime crisis has taught us anything, it should be that a speculative bubble has the capacity to burst -indeed, that is what bubbles do.

Meanwhile, however much the Prime Minister is worried about the public's rage at high fuel prices, he really shouldn't try to persuade us that it's entirely the fault of grasping Arabs.

The level of fuel duty and VAT is clearly stated on every gas station forecourt in the land - and we all know who is responsible for that."

Nick