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Petrol prices in freefall

TheCopenhagenPost
November 18th, 2015


This article is more than 9 years old.

Oil glut could keep prices low for six months

Prices have dropped a lot since this snap was snapped (photo: Lars Schmidt)

Petrol prices have fallen five times in the last nine days. A litre of petrol costs on average 34 øre less than nine days ago, and the downward trend looks likely to continue.

Crude oil prices have fallen about 15 percent in the past two weeks. Saxo Bank oil analyst Ole Sloth Hansen told TV2 that such a large drop over such a short time is unusual.

Surplus needs to go
Hansen said that overstocks of oil in the US and OPEC countries are driving prices down.

“The oil market is out of balance,” Hansen told TV2. “Getting rid of the excess oil will take time.”

Hansen said that the only thing that could drive prices back up would be more unrest in the Middle East. If things stay relatively stable, Hansen said that petrol prices in Denmark could stay low for at least the next six months.

The price of diesel has dropped 20 øre over the same period.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”