…for probably voting to cut crude oil production in the face of falling global demand. (And the rest of this post, is a repost.)
Fluctuations in the price of crude oil are connected to a lack of global refinery capacity, changing demand and good old traditional geopolitics. Why would a group of countries want to make their major economic asset cheaper, just to us please our domestic users?
Click the picture, or go straight to Channel 4 from here, for the animated cartoon.
From alphaville at FT.com. Some jargon is included, but from what I can make out, financially, things are not very reassuring.
© Matthew Buck Hack Cartoons
The Political Cartoon Gallery has a timely exhibition opening today – Tory Blues. Don’t miss it.
This image is cross-posted here
There are newspapers who appear to be getting the changes the digital world is bringing – and one of them lives in Birmingham. So, it’s kudos to the relaunch of the Birmingham Post and the efforts they are making to bring the idea of quality news to their marketplace(s). I can only see one weakness and that is they haven’t employed the excellent Brum cartoonist Alex Hughes yet.
This advert brought to you via Birminghamitsnotshit.co.uk
Published at Channel 4 News
UPDATED: 22 October 2008
Republican party spending on Governor Sarah Palin’s outfits via the Huffington Post
You might call it Colin Powell’s Geoffrey Howe moment as the former Republican secretary of State for foreign affairs laid into his friend John McCain’s faltering campaign for the presidency of the United States. In the odd world of politics-speak it was pretty damning stuff.
All figures are in $Bn.
The beige bars represent the US government making bank loans to US financial institutions.
The green bars represent the US government buying shares in US financial institutions
The darker brown bars represent the US government acting as insurer of US financial institutions debts
The height of the graphic shows the relative importance of each of the financial commitments the US government has made to its financial industry since November of 2007.
Reposted cartoon from Channel 4 News
