#France: Oil climbs, inflation falls, and the climate is perfect in the South of France. Simon Constable, Occitane
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 3 August 2023
⏱️ 10 minutes
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#France: Oil climbs, inflation falls, and the climate is perfect in the South of France. Simon Constable, Occitane
https://www.wsj.com/articles/oil-prices-perk-up-as-recession-worries-ebb-and-supply-tightens-fb58bf7d?mod=hp_lead_pos6
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| 0:00.0 | At TFL, we're making journeys safer for everyone, and that includes improving safety on London's roads. |
| 0:07.4 | That's why we and London boroughs are lowering more speed limits to 20 miles per hour, |
| 0:12.3 | because 20 miles per hour roads have already reduced collisions resulting in deaths or |
| 0:16.8 | serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone. |
| 0:24.8 | Such TFL improvement plan to the Mayor of London and TFL every journey matters. |
| 0:35.1 | This is CBSI in the world, I'm John Bachelor. The price of a barrel of oil, |
| 0:40.5 | whilst regional reporting, oil prices perk up as recession worries eb and supply tightness, |
| 0:47.3 | subhead. Some banks say Brent could rise toward $100 a barrel. We go to the land of Brent |
| 0:54.6 | that would be Europe. Simon Constable of the Wall Street Journal, |
| 0:58.4 | Barrons and other distinguished publications watching commodity prices, especially energy. |
| 1:04.2 | Simon, the Wall Street Journal is reporting some analysts believe benchmark crude futures |
| 1:08.5 | are due for further gains and could head toward $100 a barrel after trading within a few dollars |
| 1:14.3 | either side of 80 so far this year. The rise of oil is a product of OPEC and of demand and of |
| 1:23.2 | an improving economy. Do you see this $100 a barrel as an exciting headline to attract traders |
| 1:30.5 | or something that's a reasonable target given where we're in the 80s now? Good evening, too. |
| 1:36.4 | Good evening, John. Absolutely, this is very possible. It's now at $84 a barrel. It wouldn't |
| 1:42.0 | take much to get it up a past 100. It was there a year ago just above 100 in late August. I see no |
| 1:50.4 | problems of it getting there, particularly as the economy worldwide, mainly America and some parts |
| 1:57.8 | of Europe is a lot better off than people thought it would be. There were calls over a year ago |
| 2:04.9 | that was going to be an imminent recession which has not manifested in any material way and it |
| 2:09.8 | looks like it's going to pass. So America is going to continue to grow solidly. I think Europe might |
| 2:16.2 | slow down a little bit but either way it's going to be growth or very small pullbacks that will |
... |
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