A Quote by Vladimir Putin
This issue is not economic but political. I hope that all market participants interested in maintaining stable and reasonable world energy prices will finally make the right decision.
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In 80% of the world, energy will be bought where it is economic. You have to help the rest of the world get energy at a reasonable price.
It's wrong to focus only on economic cooperation and then to hope that a sufficiently stable system will become democratic more or less by itself. The EU needs to urge its neighbors to pursue both economic stability and political modernization in equal measures.
More than just a moral issue, hope is a spiritual and even religious choice. Hope is not a feeling; it is a decision. And the decision for hope is based on what you believe at the deepest levels - what your most basic convictions are about the world and what the future holds - all based on your faith. You choose hope, not as a naive wish, but as a choice, with your eyes wide open to the reality of the world - just like the cynics who have not made the decision for hope.
Stable energy prices and enhanced national security will only come when we increase domestic energy resources, which was accomplished today with the opening of ANWR.
Climate change should not fundamentally be seen as a political or partisan issue, but it has been turned into a political football primarily by the climate deniers who have a vested interested in maintaining the status quo. That includes certain industrial interests, financial interests and political interests.
In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.
I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.
Let the market, not politicians, determine the flow of rice, oil and other commodities. Lower, more stable prices will ensue.
I hope that everyone who believes that the right to life is fundamental will make their voice heard in a reasonable, but forthright, way to their representatives, reminding them that the right to life is conferred on human beings not by the powerful ones of this world but by the Creator.
However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.
Theresa May has made a decision that we want our economic future to remain close to Europe: it's the biggest single market in the world; it's right on our doorstep.
I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law?
The Palestinian issue is a national, political issue. It's not to be seen as an economic issue that would be solved or addressed by some economic approach that makes the living standard of the people under occupation better. The Palestinian people are fed up with talks that have been going on for years. We are looking for peace, but we are not looking for a new peace process. This process will fail.
Make a decision and then make the decision right. Line up your Energy with it. In most cases it doesn't really matter what you decide. Just decide. There are endless options that would serve you enormously well, and all or any one of them is better than no decision.
The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.
Climate change is not just another issue. It is the issue that, unchecked, will swamp all other issues. The only hope lies in all the countries of the world coming together around a common global project to rewire the world with clean energy. This is a path to peace -- peace among people, and peace between people and nature.
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