The Business/Finance/Economics Thread | Page 8 | Vital Football

The Business/Finance/Economics Thread

It could well see the total collapse of the high street, that is for sure. They will - as we've all discussed before - need to be re-invented (more cafes, homes, gyms, and so on)
 
The Fear said:
It could well see the total collapse of the high street, that is for sure. They will - as we've all discussed before - need to be re-invented (more cafes, homes, gyms, and so on)
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I said exactly the same to my wife yesterday.

The high streets will become just another street.
 
The only thing with the high street - and this is what I posted in this thread and what fear says above - I remember at school leaning about the demise of the high street because of the growth of the out of town shopping centres. I think some city centres and towns are thriving and trendy places to be - it’s the smaller high streets in the towns within cities or towns on their own that look a bit redundant.

For all the technology in the world, there’s a limit as to how much people want to socialise and shop online. The trajectory of online everything is huge but I do think there’s a ceiling, and once hit it’ll be hard to grow.
 
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Timing is potentially cynical but my main takeaway from that was 'panic over non British owed company' based on IP that would already be hugely well known lol

& I'm not sure there can be national security concerns when it's already used world wide?
 
OPEC+ is slapping itself on the back for cutting 10m barrels of oil per day. The problem is that they are over producing 35m barrels of oil per day at the moment. With a total production of 100m bpd, even with the latest cuts, they over supplying 25m bpd.

There market fell slightly on the news but expect prices to soften further as supply depots fill to capacity with excess oil.
 
BodyButter said:
OPEC+ is slapping itself on the back for cutting 10m barrels of oil per day. The problem is that they are over producing 35m barrels of oil per day at the moment. With a total production of 100m bpd, even with the latest cuts, they over supplying 25m bpd.

There market fell slightly on the news but expect prices to soften further as supply depots fill to capacity with excess oil.
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I was a bit gutted the other day when I saw fuel at near enough £1 per litre but I had a full tank. Usual price here is upwards of £1.25, I can’t remember the last time I saw £1
 
The negative price reflects a specific futures contract.

The real country who is fucked is Saudi, they need Brent crude oil at approx $80 just to break even, it's currently $26. They've been spending big on their Yeman genocide as well.

I'd wager a crisis in that country and I cannot wait, I hope it fucking burns.
 
Pangloss said:
The negative price reflects a specific futures contract.

The real country who is fucked is Saudi, they need Brent crude oil at approx $80 just to break even, it's currently $26. They've been spending big on their Yeman genocide as well.

I'd wager a crisis in that country and I cannot wait, I hope it fucking burns.
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And now the fuckers are buying Newcastle. Funny how we live in a country that provides the illegal weapons for the Yemen genocide and there will be 52k fat men in stripes wearing a keffiyeh (has to google that!) every week.

Agree, awful country but wait for a World Cup to be there soon. I’m all for sport being independent of politics or driving unity around the world but there comes a point you can’t have sporting events somewhere. They make the Israelis look half decent people.
 
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I just can't see oil going anywhere bit down until a lot of producers shut up shop or demand comes back. I think the former is likely to happen before the latter.
 
danvilla2 said:
Which is not a good thing long term for the price the consumer pays
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Yeah, when the price goes back above $50 the shale guys will all get going again but there is always a lag between price rises and production increases.

Funnily enough, during the lag, customers get screwed on both sides.
 
Brent Crude is falling through the floor as the markets get spooked. $22.81 as we speak. We are certainly in bargain territory now.

Still, I'm holding waiting for big cuts in production.
 
WTI (US shale oil) is at -$3.50. They literally can't give it away. Expect US shale producers to start pulling down the shutters.
 
The latest episode of the Freakonomics Podcast is talking about the change in US/China relations because of the Covid. It seems that the glory days of China being 'the most favoured nation' are over.
 
danvilla2 said:
BP’s share price has crashed recently
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All of the oil companies are down at the moment in a similar pattern. There is a decent chance WTI will turn negative again today. The ETFs are dumping June deliveries for fear of the price turning negative and bankrupting the fund.

Keep your powder dry though.
 
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