The oily way is up

I see we are already being warned that food prices are set to rocket because of the wet autumn which tends to ignore both the fact that much of our food is imported and that rain in Ramsbottom or wherever hardly rocks the world markets.

I remember the drought in 1976, worst since Adam discovered the fig leaf and all that, and the only thing growing was prices with spuds about the same cost as truffles. The next year's only claim to fame was that it was ordinary but prices never fell back to anywhere near 1975 levels.

What is the betting that after the suits with calculators, spreadsheets and bottom line personalities have finished that even Kenyan beans will have been affected by inclement weather in Ramsbottom to the tune of a few more per cent in the old balance sheet?

And, as is the way with these things, the only thing back to normal next year will be the weather.

While we are at it has anyone noticed that when oil prices went up it was light the blue touch paper and retire a safe distance with the prices at the pumps. Petrol went up an eye watering amount and you needed a mortgage to fill up with diesel. The diesel increase by the way, despite what Goverment and industry experts prattled on about, had more to do with making a bit of extra bunce than the non-existant increase in world demand.

Now oil prices are dropping quite rapidly but pump prices? Rip off Britain.