… someone selling oil at 90 may also making money (they can drill with a 60 cost). That oil may then be sold for 100. So it’s a kind of loss but not a cash one. But pure speculators will get burned. Or make loads.
It will be some other big players. Players in the energy markets are dominated by hedge funds, oil companies and assorted speculators. Hard to know who lost the most but the arithmetic is relentless. The profits of one are the losses of another. There are different kinds of losses…
I couldn’t agree more. Which is why I’m trying hard to think about anything other than Labour Party politics. I think the deeper truth is that our political system has thrown up leaders of all parties, since at least 2010, that are just hopeless. Says a lot about us I think
Truly one of the all time great takes
Ever since Andrew Goodman said he wanted Ireland to be better on transition, we’ve tracked progress
Twickenham was Irelands best counter attack display of this cycle
Where France go sans structure, Ireland turned transition into another set-piece
Analysis ⬇️
www.irishtimes.com/sport/rugby/...
Unfortunately this is blithering idiot territory. Of course, there are many very good reasons for not putting up trade barriers that would be quite possibly *very effective* if the UK was actually still in the EU.
Thanks so much. There are no words.
Banville: The secret of survival is a defective imagination. The inability of mortals to imagine things as they truly are is what allows them to live, since one momentary, unresisted glimpse of the world's totality of suffering would annihilate them on the spot
Perfectly illustrates how brutal is top level sport and how confidence - psychology - is so important. Talk to golfers about their heads. Etc.
The other day Manchester United’s co-owner Jim Ratcliffe said the UK had been "colonised by immigrants"….today there’s this billboard outside of Old Trafford 🔥….way to go Manchester 💪!
Goodwin's decline from pretty mediocre academic to racist right wing incel isn't new or particularly original. It's also not the fault of women, migrants or anyone else. It is a tale as old as time, a sad, arrogant, loser trying to blame their deficiencies on everyone else. So perfect for Reform.
The Trump administration is literally going to kill its supporters, and still they cheer the circus.
@chrisbjohns.bsky.social
This should give you a laugh.
Thanks. Yeah, the rugby is a distraction. All distractions are welcome at the moment!
It's almost like being fabulously rich doesn't make you happy or well adjusted. It's almost like it makes you sad and lonely. And leaves you forever casting about for scapegoats to offset your deep self-loathing. Thank you Jim Ratcliffe and Elon Musk for these important life lessons.
Left: Nigel Farage calls for an end to working from home
Right: Nigel Farage's Reform UK advertising a job which is working form home
can we all agree on robber bros?
If asked to describe the major features of the Epstein archipelago looming out of its offshore dark money and billionaire kompromat - I’d say Putin, Trump, Musk, Bannon and Thiel
And with that you have a map of our current political era
Trump's skin is thinner than a paper straw halfway through a McDonald's milkshake.
A message from Greenland…
Lewis is right. And if that is the ultimate destination why must everything involve baby steps?
It might be the only language they still understand.
They know what they say is untrue, they do not care it is untrue.
The media know that what they repeat is untrue, they do not care it is untrue.
Their supporters know what they are told is untrue, they do not care it is untrue.
Telling the truth is not enough, unless people care about the truth.
picture of Alex Pretti
Alex Pretti was an ICU nurse serving veterans. He died trying to protect protestors being assaulted. A group of anonymous & masked men fired chemicals into his face, beat him, disarmed him, and shot him in broad daylight in front of witnesses. Then his government smeared him & defended his murder.
Worth remembering when looking at the horrific scenes in the US right now that both Reform and the Tories have pledged to bring in ICE-style organisations to the UK if they win power
Brilliant piece
If you liked Mark Carney's speech, then have a listen to this podcast interview with the Canadian prime minister by @gideonrachman.bsky.social recorded just after that interview www.ft.com/content/19f1...
I think part of the reason everyone is so blown away by this Carney speech is it's so long since we heard an actual grown-up articulate serious thoughts about the world. Empty vessels have been making a lot of noise
Thanks. I’ve learned more than I ever wanted to about cancer over the past year. I do know that breast cancer caught early is not the disease that it was.
It's so exhausting to to be constantly told by American leaders that the defining policy of the 80 odd years during which the US became the most wealthy and powerful country in the history of the world was a grossly unfair failure for them.
