We’ll be fine once we become a minor US vassal.
They’ve already claimed the entirety of space and will undoubtedly let the sun shine on us(for an extortionate fee).
5 year high for petrol prices today.
Brexit, making the poorer, poorer.
Yes, those famous oil producers of the Dordogne have jacked their prices again 
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The price is $69 a barrel today. It was over $90 a barrel last time it was this high.
I’ll give you 3 guesses as to what has caused the $20 shortfall.
Umm, the £ fluctuating against the $ maybe!!
Exactly!! Glad we’re all on the same page here.
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And your point is…anyway the $20 shortfall is because OPEC are a cartel and reduced production to put the price of crude up.
But, according to this article, the UK has/is due to become a net exporter of crude BUT we still get a lot from overseas…
He doesn’t really have one, apart from that any event, whatsoever, that he deems bad, is the direct result of Brexit, even though it hasn’t happened yet.
And you voted for it.
Do you see, @BTripz. Do you see?
The point is due to the continuing poor exchange rate, our imports are costing a lot more - including oil prices. The exchange rate caused by Brexit.
It would definitely be good if we can become a net exporter - we’ll need to after we leave the EU.
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So you don’t think the currency drop was due to us voting Brexit? What would you blame it on then?
But the exchange rate isn’t caused by Brexit, it’s caused by little oiks in a room in London playing with peoples futures for their own gains, something I’ve got annoyed about in the past. If those little oiks put their minds to it they could make the £ stronger and we’d be in a much better position.
Brexit hasn’t happened yet…
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There is irrefutable evidence that the Brexit vote caused a sharp decline in the £ against the Euro and USD. There is no arguing that.
Now, whether we can do anything to make it stronger, that’s another issue - although I would suggest keeping the economy going at the moment whilst trying to reduce inflation due to the currency decline is the number one concern.
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Oh good grief the UK as an Oil Exporter discussion.
Oil is different in different places and so some people want the lighter crude for fuel refining and some want the heavy for production of plastics and tarmac and shit.
UK will always export Oil as North Sea stuff isn’t great or efficient for refining to petrol. So we have always exported and imported oil.
msm just twists the reports to make their points
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Aye, there is no refuting that. BUT why did it decline after the Brexit vote, nothing materially changed, article 50 wasn’t even invoked for 6 months (at least)!!
So, one could argue, people’s lives are being affected by a small bunch of chancers playing with the markets in a room in London!!
It’s simple - investors lost confidence in the pound and the country (it was a very strong and stable currency at the time) and removed their money, thus facilitating a fall in the pound.
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Important points, but even oil is only one part of our energy needs and it’s indisputable that the bulk of our energy comes from Abroad.
The real issue that people are ignoring is, what’s the real plan behind it all?
“But in the face of these realities the strategy of the hard Brexiteers is uniquely unwise: it is to accelerate to the point of ‘completion’ the already failed supply-side experiments of the last thirty years and to deny climate change, all in pursuit of arrangements that exist nowhere but in the pages of the economic utopias of the 1960s. Brexit militants have offered no precise strategy for free-market greatness because it exists in no realisable place: the days of the British Empire are mercifully finished, a democratic free market is a fantasy. For its leadership, Brexit is the last opportunity to radically dismantle the state-as-economic-referee as the window on the popularity of neoliberalism starts to close.”
More evidence of supply and demand kicking in.
So in effect what you are saying is that a bunch of gambling shysters made a quick buck and have made the poorer poorer!!
Not Brexit, not the people who voted Brexit but the people who gamble on the money markets!!!
But that’s the world, you can’t say that Brexit isn’t responsible - we all knew that it would be a result of Brexit.
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A hard Brexit with this bunch of gambling shysters in charge will be everything you’re worried about and more(100% guaranteed to make the poor, poorer).
In the below(& above) article Abbey Innes sets out a good argument why your fears are genuine and about to be implemented.
Here’s a bit more.
“The Leave campaign in 2016 had a lot in common with the 1979 Conservative election manifesto. Both evoked the threat of a bureaucratic super-state and something approaching a conspiracy of that state against the public. Both promised to rescue a Greater Britain from the conspiratorial political forces that were holding it back. Both campaigns were a misdiagnosis of the real crisis at hand. This time we face a crisis of ungovernability potentially far more severe than that of the 1970s; but its roots are less in Europe than in the failures of the homegrown neoliberal reforms of the British state.”
And the original article.