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Monday, January 30

Davos - Oil, People

by Chris Gilbey on January 30, 2006 06:12AM (EST)

Here is something nice to start Monday with...... an article from CNN/Fortune about the views of George Soros and Bill Browder on the potential scenarios that could lead to further spikes in the price of oil.

From the fall of the house of Saud to Iraqi insurgents disrupting pipelines - none of the scenarios are outrageous.

Last night on the BBC World News channel there was a tremendous program hosted by Nik Gowing at Davos with leaders of countries, industries, companies - again from Davos - trying to establish what things should be on the agenda that are not. Key issue that came out was the need for mobility of labour. Demographics in Europe mean that there has to be a massive influx of non-anglo saxon people to provide basic labour as the native poplulations of the countries of Europe age. But this is not a vote winner domestically in each of the countries. Capital flows easily to where it can be used most profitably. People do not/can not.

Keywords: capital

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