An Unpredictable Society

Capitalism is an unpredictable society only a couple of years ago it was predicted that there was going to be an oil and gas boom, but this has turned out to be a complete fallacy. 'The oil and gas industry is set for a year of mergers and takeovers as a result of the plummeting oil price, a business consultancy has predicted. PwC said 2015 may bring the first hostile takeover in the sector in living memory. It warned of "uncertain times" for the estimated 440,000 people employed in the UK's oil and gas industry. The oil price has fallen from $115 a barrel in the middle of the year to about $60.' (BBC News, 29 December) Market forces dictate slumps and booms not the "experts". RD