On Fri, 4 May 2012 06:26:17 -0700 (PDT)
77002 wrote:
For investment banking 3 is negligable, 2 is probably a lot less than it =
could
be and 1 , while useful , is hardly the pivot on which the whole economy =
turns.
The usefulness of The City in this country is vastly overstated.

So there is now a way to import oil purchased with pounds sterling?

Wtf has that got to do with investment banking other than them buying oil
as a hedge? They don't control the currency markets, they play them.

Without a lot of those parasite speculators the price of oil could be
significantly lower. There has been many a time when literally tanker loads of
oil have been sitting off the coast waiting for the price to go up so it can
be sold at a large profit.

B2003