Friday, 25 February 2011

Wake Up To The Dude.

At OH MY GOD O'CLOCK This morning, I appeared on "wake up to money" (my bit's from 5:30 in) this on Radio 5-live . My expertise is the Oil price and Oil companies. I can talk reaasonably confidently on the effects of the recent price rise both to the companies and the consumer, but I am, not an expert on the geo-politics of the middle east, so for much of my interview I was, to say the least out of my comfort zone. Furthermore, 5:37am was perhaps with hindsight, the wrong time to try to deliver an Austrian school explanation of inflation. Anyway.

Let me know what you think.



7 comments:

Anonymous said...

Very good, thought you might slip in 'Gordon Brown is a cunt' though !

Tim Johnson said...

Enjoyed it, although as you say thought the Austrian explanation of inflation might work better after a few more cups of coffee.

Anonymous said...

Malcolm,

I feel that you perhaps start to speak before you work out what you actually want to say, and as you're talking you formulate a better answer. You then need to move to the different tack and there can be a bit of a crash of gears, a bit of err... ing, when you do so.

I suggest that you need to buy yourself time to think, and formulate an answer before you start to speak. Whether that is paraphasing the question back, or spouting a bit of personal boilerplate before moving onto the actual answer, doesn't matter.

However, it takes very little mental effort to say a few introductory sentences, and because of that the delivery will be smoother. Then, when you get to your actual answer, it is already lined up and will be delivered more smoothly too.

The above is all intended to be helpful and constructive.

Regards, Patrick

Anonymous said...

Sorry, didn't mean to use the name, I was thinking personally. Please delete it if you wish...

Woolfiesmiff said...

On the whole a good piece, would have mentioned right at the start that 68% of the price of a litre at the pump in the UK is fuel duty, tax and tax on fuel duty, because that really is THE cause of the problem at the moment

Tim Newman said...

Not a chance Russia could increase production in the short term to bring more crude to the market, thus lessening the price spike. Russia is fighting a constant battle to maintain its production rates, which IIRC have been declining for the last decade. I also think the Saudis regained their place as the largest producer having temporarily lost it to Russia, and the Saudis genuinely can open more taps and increase production. Russia, as far as I know, has no field operating at below capacity.

It's also doubtful whether Russia can produce much more in the long term. Sure they have the oil, but resource nationalism coupled with blinding incompetence is ensuring it will stay mainly in the ground.

Othwerise bang on, especially your description of the nightmare scenario.

ReefKnot said...

I listened to all of it and thought you were very good. As wolfiesmiff says - a dig at the ridiculous amount of tax included in the price of a gallon of petrol would have been nice to work in, but at that time in the morning....

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