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http://www.scoop.co.nz/stories/HL1805/S00031/gordon-campbell-on-petrol-pricing-and-the-midwives-march.htm
We could be reaching the end of the relatively cheap oil era. Prices of Brent Crude, the global benchmark have been rising for the past seven months, and are tipped by most observers to continue to remain at high levels through 2019. Alarmists are talking of $80-100 a barrel. If the US cancels the Iran nuclear deal on May 12 and unilaterally imposes sanctions that take Iranian oil out of the market, oil prices are likely to surge beyond the current $65-70 range.
But it is a complicated picture, with cross currents at work.
Wars exempted, the US oil shale generated petrol supplies and increased supply from the likes of Brazil and Canada should prevent a major escalation in global oil prices, and will work against any OPEC cuts in production intended to boost the price.
Win this climate of high and potentially rising prices – we need to ensure that petrol companies are not profiteering, and that any blame for what looks like being an upswing in global petrol prices is fairly attributed.
On that score, that BP email gives us no reason to lie back, and trust the oil companies. Or reason to blame the politicians, if petrol prices do increase. Far bigger forces are in play.
Rudy Giuliani, Gaffe Central
Basically, Rudolph Giuliani is a walking hand grenade in lawyerly form. The guy is famously gaffe prone.
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