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BP sees $50 oil for three years

Community Veteran
Posts: 16,814
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Registered: 06-11-2007

BP sees $50 oil for three years

So, ..... fuel prices look like they may stabilize , bringing benefits to the customer.... i.e.  elec, gas, petrol, diesel, heating oil, should.... repeat.... should start to fall  soon...  ? ? ? 
http://www.bbc.co.uk/news/business-30827910
7 REPLIES
Community Veteran
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Registered: 23-09-2010

Re: BP sees $50 oil for three years

Falling prices are bad for the economy as it can lead to deflation.
I'm sure the government will do their utmost to correct this, by raising fuel taxes, so saving us economically ignorant citizens from this terrible fate.
Community Veteran
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Registered: 27-10-2012

Re: BP sees $50 oil for three years

They won't be raising taxes in an election year though.
Community Veteran
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Registered: 06-11-2007

Re: BP sees $50 oil for three years

when is the election?  Huh
Community Veteran
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Registered: 12-08-2007

Re: BP sees $50 oil for three years

There won't be any tax increases, indeed it's more likely that we shall see tax cuts.
The BoE has the tools to control inflation if need be.
Community Veteran
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Registered: 27-05-2011

Re: BP sees $50 oil for three years

So the Scots had a narrow escape not voting for independence. Now the SNP will be blaming London for the low prices  Roll eyes
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Community Veteran
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Registered: 23-09-2010

Re: BP sees $50 oil for three years

Quote from: artmo
The BoE has the tools

The BoE are the tools
itsme
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Registered: 07-04-2007

Re: BP sees $50 oil for three years

Quote from: artmo
The BoE has the tools to control inflation if need be.

And what are these tools? So we will have negative interest rates?