Last weekend the USA went crazy as petrol there peaked at a new high of $4.61/gallon. Here is the maths: a US Gallon is 3.785 Litres and the US Dollar is about £1.60. So by our reckoning $4.61/gall is £0.76/litre (approximately half the cost of UK petrol, the UK petrol equivalent there would be $8.41/gallon.) It lead to James Hamilton, Professor of Economics at the University of California (well known for work on the relationship between oil prices and economic growth) to ask: “will this scuttle economic growth? He concluded: “no”. Why? Regardless of the media storm they have been there before – in 2008. The US consumer is no longer shocked. Life will go on, and if it didn’t we would seriously have to ask why. Their petrol is really, really cheap. But is that a good thing? Are they prepared for what is to come? Continue reading
It would be customary of me to write up our Sunday experiences at Pann Mill. The weather was nice and the people nicer but you can read all about that in one of our previous blogs (here). Instead I would like to answer a question that arose out of the Guildhall talk from 6th July. I showed a PowerPoint slide (reproduced here). It was controversial. People didn’t believe what it read.
GreenCease? I was so disappointed. I really had hoped for more. I made the mistake of following a random Tweet to their website. On the face of it I thought they were a critique of the GreenPeace environmental organisation. But one article struck me and it concerned the “Planet Under Pressure 2012″ conference in London: http://bit.ly/L6OiJ2 Continue reading
John hauled the ladder out of his garage. The only garage on his street. How things had changed. Surely November was not meant to be THIS warm? John is about to paint his house white. The last house in his road to be painted. John liked to be the last. He prided himself on being the stick-in-the-mud. After-all, at age 87 what other pleasures in life were there? He was born in 2012 where they didn’t have such nonsense. Continue reading