Category: Politics & Current Affairs

Many analysts are already speculating that it is not a case of IF oil will reach $200 a barrel, moreover when, and when it does, what political and economic pressures will push it through the $200 barrier.

So when will it likely happen?
How high could it go?
What will it mean to the average person?

In real terms, Oil is already more expensive than it was during the 1973 crisis. At that point, oil rose from $3 to $12 per barrel. However in 2008 terms that is only around $45-$50. The current price is hovering at the $125-135 mark. Those within the industry believe $135 is undercutting the market and that the true price is nearer to $180.

We spoke to Frank Davies, a 35 year veteran of the Oil industry and he told us the following…be warned, it makes for scary reading.

BREAKING NEWS:

Reports suggest that Barack Obama needs just 4 more superdelegate pledges to reach the magic number of 2118.

As many people who reside in the drinking capital of the World know, London banned drinking on Public Transport with effect from June 1st.

The deadline was celebrated with a massive binge by thousands of party goers on various London underground lines.

London is so lucky to have him as Mayor. The man really is a weapon. . . .

A soundbite from Boris Johnson has been voted the funniest British political quote of the last 50 years.

Asked by schoolchildren whether he would like to be Prime Minister, Johnson replied: “I have as much chance of becoming Prime Minister as being decapitated by a Frisbee or of finding Elvis.”

The nationwide poll of 2,587 people was commissioned by UKTV History to mark the launch of Andrew Marr’s History of Modern Britain.

The top 10 in full:

It seems that the vision Hitler had for Germany included a City Hall that could hold 180,000 people.  The Hall can be seen dwarfing the Brandenburg gate in the photo above.

This incredible claim is currently on exhibition until the end of the year at Myth Germania in Berlin. Seemingly the condensation created by the cumulative breathing of all 180,000 people inside the dome was enough to create rain…silver nitrate anyone?

So it seems another investment bank is in trouble.

The bailing out of Bear Stearns by rival JP Morgan Chase for a mere $2 per share has rocked the US banking system. For many people, this might seem like just another financial saga at another distant investment bank. However, the collapse of Barings in 1995 and the troubles at BNP Paribas late last year were as a result of Rogue Traders. The problems at Bear Stearns were a direct result of the current credit crunch. 

So just how does the US election system work?
If you’re like many educated, (but, “I just didn’t want to have to ask”) people, you may have always wondered just how the US electoral system actually works.

Like all things American it seems to be far too much razzmatazz and far too little common sense. I mean why don’t they have one big Election Day like the UK or Australia, and why don’t the party’s choose their representatives?
It often seems more of a charade, a mere popularity contest between actors vying to create the next American Political dynasty.

It was interesting to read that former President Clinton has suggested that Barack Obama should side with his wife and become the next Vice-President of the USA, creating a so-called, “Dream Ticket” to the White House.

Why you may ask? Well it seems that President Clinton seems to think that …