Shrewd Mammal

Archive for the ‘Energy’ Category

I was listening to Radio4 today and the disrespectful and outright combative “interview” that the Chancellor Alistair Darling had to endure from Mr Humphreys about the Treasury rescue package on offer and I drove pass a petrol station that had unleaded at £106.9 per litre. I did a double take.

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But evidently someone did…

I was alerted to this by The Devils Kitchen, an interesting blog and not for the faint hearted or those easily offended.

An article in the Daily Mail that quite honestly, beggars belief. Well ok, it doesn’t given the state of our country know but really, this is so amazing as to be off the scale. Proof as if proof were needed that we have sunk to new depths…

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You bet! Today Oil hit $101 per barrel, up from $99 yesterday. It rose on news that OPEC will reduce output to maintain prices. Fair enough that is our fault for being so reliant on this stuff but the price was last this low in June of this year.

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So, we had decided to move form Briti$h Ga$ about 4 weeks ago and throw our eggs in the E.ON fixed price basket. When I spoke to BG they told me it was pointless to leave because all other gas and electricity suppliers were gonna up their prices by 35% anyway.

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So now, we are being told that Oil prices per barrel could drop to below $100. Great news for consumers however, whilst the price of Crude has been rapidly dropping this predictably has not been reflected on the forecourts.

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