Peter Hitchens
Peter Hitchens
Peter Jonathan Hitchensis an English journalist and author. He has published six books, including The Abolition of Britain, The Rage Against God, and The War We Never Fought. He is a frequent critic of political correctness, and describes himself as an Anglican Christian and Burkean conservative...
buyers concern current demand hoping oil price prices pure run shoot sitting stands supply
supply and demand price for oil stands at around $27, so $5 to $6 (of the current price) is pure speculation. There is no demand for oil at these prices, buyers are sitting and hoping oil prices will fall, but prices could shoot up if there is a panic. There is real concern heating oil could run out.
assets attractive interest
These are attractive assets, and an interest in upstream assets is always valuable,
drill performance poor shell
Shell has had another poor performance with the drill bit.
performance
It's a better performance from refining and marketing.
accepted agreement credible elf french government huge messy pressure
There was huge pressure on Elf to come to an agreement, ... The French government didn't want a messy situation, and Elf's (counter-)bid was not accepted as credible by the market.
insult muslim myth needs tolerance
The myth about Muslim tolerance needs to be exploded, Behead those who insult Islam.
acute buck drifting held high oil passing possible product shortage worldwide
There is an acute shortage of product (from refineries) and this is drifting back into the futures market, ... But OPEC is passing the buck for high oil prices, it doesn't want to be held responsible for a possible worldwide recession.