Thursday, 9 July 2009


L: 30% S:33% G: 63% N: -4% ~ $D 0% $G 0% $V 0% $P 0%

Brown and Sarkozy the Socialist (or whatever's currently appears to be a popular trend in politics) come the the rescue. What a bunch of useless w*nkers, they truly don't seem to know their arse from their elbow. Do they honestly think that more "co-ordination between OPEC and other energy agencies" to develop "a shared analysis of future demand and supply trends" is going to make a jot of difference. Perhaps these great institutions would have been able to forecast the huge demand destruction the global economy faced over the last 6 months? or the demand surge in the years before that?

Its typical Brown politics (in more way than one) - ah lets throw more beaurocrats and organisations at the problem, that way we can employ more failed civil servants to sit around and talk about things they know nothing about, write papers and advice for the government which Mr Darling will then proudly ignore. They should stop pretending to have any real power and influence and control the things upon which they do, ie. the huge liabilty of public sector pensions! rather than trying to stamp out natural volatility. (no amount of regulation will stop natural economic cycles, and percieved uncertainty as to forward demand and supply). Why don't they try some Nixon price fixing - we saw how well that worked out, then they can just print money to pay off their union paymasters; perhaps Obama is truly leading the way, they can just steal money from secured bondholders and give companies away like they did at Government Motors, sorrry ahem General Motors.

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