bit cold to day. in fact it's baltic. boy's are whining a bit. but after explaining to them the £200 a week on cherry was just to high a price for the planet they calmed down a bit. but i will need to get them quilted overalls.
It'll be fine. We've got all those diesel generators they put in to make the wind turbines look like they work. Must be special EU carbon-free diesel.
I had no idea there was a Didcot A. I grew up looking at Didcot Power Station. Had no clue it was divided into bits.
heard this on the radio this morning, also heard the price of a barral of oil is a third less, just as i passed a petrol station. noticed it's only dropped about 5p per ltr. BBC News - Renewables 'biggest power source'
It's the old rocket/feather effect. Cost of crude goes up, pump prices go shooting up, like a rocket. Cost of crude goes down, pump prices slowly float down, like a feather.
Oil, like a lot of commodities, is traded on futures markets. The buyers of commodities secure their supplies by contracting to purchase at various future dates at fixed prices. If prices remain stable and/or predictable over long periods, the futures system doesn't make much difference to end users. But if markets are more volatile than predicted, futures traders make big profits or losses from the fluctuations. Needless to say, futures traders have to take the maximum profits they can (e.g. when spot market prices fall), because sometimes they have to take losses (e.g. when spot prices rise unexpectedly), depending on their position. And because they want to get rich, obviously. It would be naïve to expect a drop in spot oil prices today to be reflected in pump petrol prices quickly.
