It would appear that the last time the price of oil was below $50 per barrel was back in 2004 and early 2005.  Way back then the price of a litre of unleaded petrol was 85.2p.

Currently we are still suffering prices that are on average 7pence per litre higher than in November 2004. [...]

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Just in time for Halloween….

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As the price of oil slides on the world market the price at the pump seems to not change that much.

The graph is from InfoMine.com while the numbers are the average petrol prices in the UK (Unleaded) courtesy of TheAA.com
In theory we should see the average price of unleaded reduce again back to the [...]

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It must not be funny if you are one of the people who put their cash into an Icelandic bank, but how can a country simply keep all these investments when it Nationalises a bank.  Surely that must seem like theft to those savers.
What is worse is that a lot of money that has [...]

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Far be it for me to have a political opinion, other than that they are all crooks and lie through their teeth the whole time.  I did find this chart interesting, if it was not so scary.
The US president is a remarkably powerful job and you would have hope that those just a heartbeat away [...]

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This sucks.
Savers with Icesave have lost their savings as the bank is declared insolvent. The Icelandic government took control of the bank and has prevented savers taking their money out. Why can’t the mortgage companies go bust and leave the home owners with no debts to pay. As sort of reverse insolvency.
It [...]

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During these ‘interesting times’ a quote from Mark Twain comes to mind;
“It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress.”

This was penned back in 1897 but could this be seen as an appropriate way of describing the current reality of what is going on [...]

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Through the post came the new credit cards, ready to be placed in a safe place.  Nowadays the credit card companies take great pains and go to great lengths to ensure that the cards are not intercepted and snatched away before they have been delivered to the rightful owners. 
A number of card companies have [...]

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In an interesting article by Adam Davidson on Reuters explains in simple terms why AIG’s trouble is something that is important for us. 
In a turbulent week in the financial markets and at a time when the rest of us are feeling the pinch with increases in fuel and food prices, the idea that CDS’s [...]

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