prevent them leaving. our correspondent is in bunts ville and oil depot and hard for sure. protesters have been there for a couple days now, what s the aim, tell us more about what s happening in the latest. yeah, this is the third day of passionate nationwide, this is the first time they ve targeted this specific oil double. this is the closest we are able to get around the gates for a lot of police activity and ambulances to. we ve also seen a police drone going up, trying to get a sense of scale, how many people they re dealing with on site. we do know that about 35 protesters slept here overnight. it became very well prepared. one of them told us they had sleeping bags, food and drink. 12 managed to get inside the facility, the majority have climbed on top of fuel trucks, refusing to climb down. they have banners and essentially have managed to
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certainly is an exception that stands out. when you saw oil double, you did have real economic damage. including the tech bubble, including the housing bubble. and in 87, the exception that kind of proofs the rule, you had a market crash. on the heels of about an 80% increase in oil. so richard is, that s a good number to keep your on on. and it tends to equate in the three to six months, with the old highs in oil. right now, oil under $100, i don t think is a major economic event. i don t think the market is even responding to it. but if you saw oil around $130, $140, $150 and friending that way. i would really get very, very cautious. i mean, very cautious. now, if i had hair, i would pull it out, christine, with the number of times that people tell me the thing that matters is the price of gasoline. even in america, which consumes 10% of the world s oil every day just to drive, it s not the only
you saw oil double, you did have real economic damage, including the tech bubble, including the housing bubble. and in 87, the exception that kind of proves the rule, you had a market crash on the heels of an 80% increase in oil. so that s a good number to keep your eye on. and it tends to equate over the next three to six months with about the old highs in oil. in other words, right now oil under $100 i don t think is a major economic event. i don t think the market s even responding to it. but if you saw oil around $130, $140, $150 and trending that way. i would get very, very cautious. i mean, very cautious. if i had hair i would pull it out, christine, with the number of times people tell me the thing that matters is the price of gasoline. even in america which consumes 10% of the world s oil every day just to drive, it is simply not the only place, and possibly not even the most important place it hits us. richard pulled out the hsbc