easternjets said:With all the talk in the media about petrol prices going up and up it's interesting to see that Crude Oil prices are lower now than they were a month ago. In fact they're at the same price now as they were in mid April.
I know they will argue that it takes time to filter through to the pumps but it's all the media hype that's annoying, especially when it's not actually a fact.
Gosh, yes I too really wish the media would get their facts right.
easternjets said:Government contracts seem to be the Golden Ticket to untold wealth, I knew someone who was involved in the 2 aircraft carriers that are being built and apparently the penalty clauses in the contract meant that if the Government cancelled the order they would pay more than the cost of building the vessels, how can you lose with odds like that!
Umm, I think you'd be right if that was the only penalty clause but I have my doubts that it was. And actually a penalty clause on the client like that makes sense when a company will have spent money on mobilisation etc (depending on the payment schedule of course). If such a clause was fact I have a suspicion that your 'someone' will have rather over simplified it for maximum shock value.
As you say, facts are important.