Crude Oil Prices PLUMMET! Is Mr. Bean to Blame?

Oh Dear! Oil Slipping Away!

Right then! It appears the black sticky stuff that makes my Mini go... well go sometimes... has had a bit of a tumble! Down down down it goes! Apparently this 'President Trump' fellow has been playing games with something called 'tariffs'. Sounds a bit like those sticky toffee things but much less delicious. He's slapped a rather large one on China which is apparently a very big deal in the world of… well of things that aren't my sandwich. Teddy seems concerned. He keeps muttering about 'global markets' and 'economic instability'. Honestly he worries too much!

A Temporary Triumph?

Yesterday things were looking up! Like when I finally manage to get my trousers on the right way round! Trump announced a little 10% thingy on most countries which made the oil prices do a little jig of joy! But now it seems that joy was rather premature. A bit like when I think I've fixed the plumbing only to find water gushing everywhere. Disaster!

China Crisis! Uh Oh!

Now this 'China' place is apparently rather important. They like a lot of this crude oil stuff. But Mr. Trump in his infinite... wisdom... has whacked a whopping 125% tariff on them! 125%! That's a lot of percent! Teddy tells me it's not good for anyone. He thinks it's like trying to fit a sofa through a letterbox. Difficult and probably quite messy. I think it's like when I tried to paint the living room with fireworks! A good idea in theory but... well you can imagine.

Negotiating with Everyone?

Someone called Jim Burkhard (sounds a bit like 'Burp Hard' doesn't it?) is saying Mr. Trump is trying to negotiate with 70 countries at once! 70! That's like trying to eat 70 sandwiches at once! Even *I* couldn't manage that! Unless... perhaps... I had a very big spoon! He thinks it's chaotic and you know what I feel? I feel sleepy! Maybe this is a job for a nice cup of tea and a lie down with Teddy. "What goes around comes around," as Mrs. Wicket always says when I've accidentally flooded the bathroom.

The Swinging West!

This 'West Texas Intermediate' (sounds a bit fancy doesn't it?) did a massive swing of 13%. A swing!! Like on the playground! But then it stops. So it's not like a fun swing. That's disappointing! "If you can't beat them join them," that is what I say. Except I don't know what that is supposed to mean in this instance so...nevermind!

Bean's Final Thoughts!

So there you have it! The oil is down tariffs are up and Teddy is still worried. Me? I'm just off to find a sandwich. And maybe invest in some extra sticky tape. You never know when you might need to stick something to something else. Especially if President Trump is in charge... Now where did I put my pants again?