Justin Waite

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@DEhnts Probably not but if the cost of government debt soars, the country suffers and its already not in a good place. Stagflation is not off the cards.

@SharePickers The UK government cannot run out of £, which are produced by the Bank of England. Higher interest rates (or yields) will not bankrupt the UK. gimms.org.uk/2020/12/12/ris…

The UK 10 year government bond yield is now at it's highest since 30th July 2008, when we were in the middle of the Great Financial Crisis.

Surely even @RachelReevesMP can see the maths doesn’t stack up on these numbers.

I started an unplanned war in the Middle East attacking Iran which has pushed up the oil & gas price and damaged the global economy. My solution? Lift the oil embargo on Russia and Iran! Yes Iran! You’re welcome!

@CraigWinn lol no I just think the decisions the government have made are economically senseless

@SharePickers Buying any o+g companies?

There’s always going to be disagreements on how much oil & gas is in the North Sea. So why not settle the argument once and for all. Why doesn’t the government just cancel the windfall tax and let O&G companies find out? At the moment the tax is too costly for companies to even find out. Currently the government collects less than £3bn from this tax and this will be going down to near zero over time. If they allow companies to explore, not only will they find out if there are viable resources but if there is a positive outcome the government could generate a lot more revenue at a normal tax threshold. It would lower our energy costs, help economic productivity / profitability and create jobs. If there’s no viable resources the government wins the argument. It’s a win, win for them but currently their policy is a lose / lose. We lose a lot of money importing oil & gas (we spend £100bn+ importing) Our high energy cost make us uncompetitive (our energy costs is 4x of the U.S. & 8x that of China) The carbon footprint is bigger shipping this around the world The blank refusal to even explore the option makes them very unpopular It’s ironic that at the heart of exploration is entrepreneurship. It’s about weighing up the risk and reward of potential economic success. A subject this government is seemingly illiterate on. Btw it’s worth watching this video: news.sky.com/video/is-brita… @EdConwaySky @Ed_Miliband

Banks

FTSE 100 down -2.5% after BoE holds interest rates at 3.75% #UKX

Now above previous spike at $114

Tariffs, wars, threatening fed independence - all in a days work for Captain Chaos.

@DLeeds8023594 Last time there was an energy shock in 2022, it dropped by 26% from peak to trough.

@SharePickers Think this may be a bit different

S&P 500 is on the 200 day moving average. Here's the previous times it has done this in the last 6 years $SPX

Brent crude oil breaking $108, up 80% in the last 3 months.

Brent Crude just crossed $103

@Apocollapse_Now It could be argued that demand will not grow as fast over the next 50 - 75 years.

@SharePickers x.com/i/status/20313…

In 2022 when Russia invaded Ukraine, the first spike in the oil price saw it hit $105 before a pullback to $94. The 2nd spike hit $138. The recent spike in oil saw it go to $114 and a pullback to $90. Will there be a 2nd spike?

This could shake things up a bit... Tesla has secured a licence to supply electricity to homes and businesses in Great Britain marking a significant expansion of the company’s ambitions in the energy market. The move opens the door for the company to enter the retail energy market alongside its growing portfolio of battery storage solar and energy management technologies. energylivenews.com/2026/03/12/tes…

Brent Crude Futures $110.20

Crude Oil Futures started trading in 1983. Last week's 36% spike was the biggest weekly percentage increase that we've ever seen.

Are we the only country where a policy has been drawn up that could make it an aspiration to become a "failed asylum seeker" £40k (of tax payers money) if you fail - give it a go what have you got to lose? Citizenship. @ShabanaMahmood bbc.co.uk/news/articles/…