If you ever wanted a reason to support alternative energy, renewables and the like, here it is. Some of the most unlovely of the world’s states getting together to cut production and so hike up the oil price once again. I suppose they might argue that they’re doing the COP Climate Change conference’s work for them, making oil and gas still-less affordable and thus reducing demand. Alas, it doesn’t work like that, and they (and all those oil companies) know that, all things being as equal as they usually are, demand won’t fall, prices will rise and they will all make more zillions of $$$s. The US has largely circumvented the problem in recent years by fracking enough to head towards self-sufficiency and end any reliance on brutal regimes for its energy. But there surely has to be a better way for the rest of us.
“Markets in V-mode: vaccine hopes, Biden bounce in play”
It was interesting to look at the winners and losers in last week’s stockmarket Biden Bounce and Vaccine V. Cineworld led the charge, up 50% together with Stagecoach, National Express, Trainline and the airlines, Gym Group and property companies all by more than 30%....
