Annual London Oil Conference

This year’s International Petroleum Conference took place last week.

Russia Today were there:

As the oil industry’s annual conference takes place in London predicting the price of oil remains a difficult task. Crude prices hit a twelve year low they stabilized on Wednesday but the market is still very much volatile — prices strengthened after Iran said that it was ready to cooperate with Saudi Arabia in the global oil markets.

Let’s use similar language but change the context:

1. As the movie industry’s annual awards show takes place in Hollywood tonight, predicting movie attendance remains a difficult task.

There are three ‘doing’ words in this sentence:

1. takes place in Hollywood

2. predicting movie attendance

3. remains a difficult task

As W takes place in X predicting Y remains a Z.

2. After share prices remained unchanged for a third month running, they did start to move on Thursday but the outlook remains very stable.

3. Prices fell after Iran made it clear it won’t co-operate with Saudi Arabia in the global oil markets.

UK Finance Minister defends Google deal

Britain’s Chancellor of the Exchequer George Osborne was recently asked to defend Google’s tax deal at the World Economic Forum in Davos.

How much tax does Google pay in the UK?

Transcript:

This is a real vindication of this goverment’s approach.

When I became chancellor there were some companies that paid little or no tax.

That rightly caused a lot of public anger.

We said we’d take action now we have companies like google paying tax, I want the message to go out that in Britain taxes are low but they have to be paid and I expect more companies to follow suit.

Well let’s be clear, decisions about indivodual taxes are for our independent HMRC but we’re talking about taxes that google paid on profits in the years 2005 till 2011, by the way those were years that this government wasn’t even in office.

Now we’ve got the tax being paid and HMRC says that’s the right amount of tax for the profits made by Google back then.