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Despite Friday's selloff, gold's uptrend is in place, but sentiment doesn't point to all-time highs next week kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
To be drained, they haven t reduced downs they haven t fell back up again. so at the moment, not quite as much demand for some of the gases. howeverthat as much demand for some of the gases. however that doesn t mean in the long run that those prices are going to remain at that level. there is an expectation that if anything such as a cold winter should happen, thatis such as a cold winter should happen, that is going to push gas prices up, notjust in the eu but if there is a cold winter in asia that can also cause issues too. a lot of factors at play here. one thing keep in mind is that we have had a lot of discussions about recession, whether the uk might already be in a recession, whether the bank of england is expected in the uk to go into recession, there has been warning about that. when that starts have a play on these global energy crisis as well. what if there is a recession across the economy, not just in the uk. that would decrease demand for some of the energy and whether t ....
Just shy of 5 billion. so this latest set of results, just shy of 7 billion. the reason is because partly after lockdown was lifted there was a surge in demand for oil and gas which pushes the price up, then the sanctions on russia after russia invaded ukraine, russia was a big supplier of energy, that has limited supply so it has pushed the price up. all the while, people are seeing their household gas and electricity bills soar, it is costing more to fill up the car. these profits will sit slightly uncomfortably for some people. we should say that back in may government announced a windfall tax on energy company profits, that will take some of those profits and put them back into the public purse. but there are ways of limiting how much they actually have to pay in that windfall tax, if they invest in renewable energy sources for example. 50 renewable energy sources for exam le, , ., renewable energy sources for example- renewable energy sources for examle. , ., , example. so explai ....
Tax freeze. can you give us a reality check? what s actually going to happen here for the american consumer? reporter: well, erica, president obama called it a gimmick because as almost any economist, democrat or republican can tell you, it is a gimmick. it doesn t solve the underlying problem which is driving up gas prices. to the extent in succeeds at lowering them a bit, it s likely to encourage people to drive more and create offsetting boost in demand and push the price up and obviate that benefit and also takes money away from the government that the government needs to build infrastructure and that sort of thing, however, it is a politically useful gimmick which is why you so often see president if and presidential candidates reaching for it. it s one of the things they can offer an answer and at least say it s possible that it will do something for the consumer. possible that it will do ....