2. Isn't he the Prime Minister who is supporting the growth of Bio-fuels, and isn't his increases in petrol duty are passed on to food retailers by the hauliers?
3. There is only a tiny fraction less of oil in the world today over a couple of years ago, so isn't the increase in oil prices is all down to speculation, as oil is traded like any other comodity, and isn't this speculation in oil a result of traders dropping the US dollar like a hot potato thanks to the crisis brought about by the unregulated practices of Banks in the US and in the UK, under a Chancellor who seemed to have turned a blind eye because at the time it was making him look as though he was creating a booming economy?
No matter what Gordon Brown says.. ultimately if he hadn't squandered the gains during the period of expansion, he would have money in the kitty to cut back on petrol duty etc and make things a bit easier for everyoneI Gordon Brown right to blame Labours current defeats on the price of oil, food and petrol?
Any increase in demand would only further fuel speculation, so it's self defeating.
If you wanted to do something, then the G8 could get together and and move to require higher margins on commodity options, and that would make the commodity bubble bursting a more soft-landing as well as slowing the rate of increases.I Gordon Brown right to blame Labours current defeats on the price of oil, food and petrol?
i have the perfect answer. labors have nothing to do with it. Its the DOLLAR that is the problem, it is worth less now. so gas prices go up. another reason is because it is legal for the gas companies to raise prices, it is thier oil. The reason why the DOLLAR is worth less is becuase America is importing more than exporting, we buy more than sell, China is to blame for this because they have started making thier own stuff, instead of making stuff from americans like it used to be.Japan is also going to be mad if china starts making car companies.
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