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Comment for w/c 16th March 2026: Breaking the world’s addiction to oil
'America is addicted to oil, which is often imported from the unstable parts of the world.’
President George W. Bush (2006 ‘State of the Union’ address)
Our weekly selection of an episode of The Hypnotist often follows the theme in this commentary, but this week it's the other way around. ‘Addiction, and the straw that breaks the camel’s back’, is all about reaching for the point of threshold which becomes the catalyst for breaking a fixation, and it provides a helpful metaphor for considering the long-term impact of the war in the Middle East.
The world has been addicted to oil for over a hundred years and, while fossil fuels have powered so many advances in human progress, they are a fixation which has definitely now reached its sell-by date.
Climate change is of course the major long-term concern, but oil has also powered so many of the world's conflicts over the past sixty years. As we have commented in the past, differences in faith may be responsible for providing the spark in most cases, but oil has more often than not provided the fuel.
One can hardly describe the current Middle East conflict as a ‘straw’ and, as Adam Cox says, the proverb of ‘breaking the camel's back’ is not a pleasant one: but there is ironic convergence in the fact that the region which is so closely identified with camels may now have its economic back broken by the impact of the current conflict and the consequent disruption to global trade in oil, accelerating the end of our addiction..
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We've published over 440 of these weekly commentaries covering a wide range of issues, and you can find links here to the full list over the past eight years.
This Is Money considers the domestic impact of the war in the United Kingdom, while The Bigger Picture focuses on the UK government’s decision to undermine the trial by jury system. Motley Fool Money weighs up the risk of stagflation in the U.S., and The Financial Outlook looks at the prospects for Greggs and Edinburgh Worldwide Investment Trust. There’s a new episode of Modern Mindset on chronic kidney disease and The Hypnotist helps with breaking addiction. Plus, there are our regular reviews of the latest gadgets and movies — and please note that for quick links to Gadgets & Gizmos podcasts via Spotify, Apple, and Amazon, just click here:
Please scroll down this home page for links to these programmes. Also, for those who prefer listening on Apple, Spotify or Amazon, try searching for our podcasts under ‘Hrkn’ — a quick way to find us!
It's great to see Simon Rose, presenter of The Bigger Picture, The Financial Outlook, Gadgets & Gizmos and The Business of Film recognised in the Radio Times!
Also — please consider joining the Classic Movie Club where James Cameron-Wilson, Simon's sparring partner in The Business of Film, is executive editor.
Our 'live stream' is also now available on Alexa: just say 'Alexa, enable Share Radio skill', then 'Alexa, play Share Radio' or 'Alexa, open Share Radio' when you want to listen.
If we are to establish a more equitable society — supporting the individual human achievement so vital for democratic capitalism, but at the same time based on egalitarian principles — it is also vital to provide the necessary academic rigour to support its propositions.
King’s College, Cambridge, in partnership with the University's Faculty of Economics, has established the SHARE research project (Supporting Human Achievement through Research based on Egalitarian Principles) with a four-year post-doctoral research fellowship. Areas of research include inter-generational wealth transfer; human capital (improving inequality and productivity through education and training); disintermediation; and mass ownership.
Share Alliance is being established as a registered charity to support and provide oversight for the research project.
On Friday 14th April '23 its first half-day conference took place, concentrating on two leading propositions: inter-generational rebalancing and 'Stock for Data'. It was also an opportunity to hear about underlying principles and its planning for the future, and there was a panel session for general discussion.
On Thursday 14th and Friday 15th May 2026, our second two-day conference will be held at the Institute for Fiscal Studies in London with a focus on inter-generational rebalancing. The first day will be academic in character and the second, policy-based. Please register here if you're interested to hear more.
Video recordings of all five sessions are available via the Share Alliance website. Presentation slides are also available here.
When you just need some relaxing background music for reading, writing or entertaining, Share Music complements our speech programmes with a flow of instrumental folk music. However these speech programmes are always at hand via Share Sounds, where there's also an online slide display to highlight some of the best.
Information on tracks played is shown both on the 'Listen Live' tab and on our mobile app: but please note one of our latest additions: 'Resonant Futures' by The Imaginaries.
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In partnership with publishers Harriman House, Share Radio has produced the audiobook 'Superinvestors', written by Matthew Partridge and read by some of Share Radio's best known presenters: Simon Rose, Fenella Fudge, Glen Thompsett, Ed Bowsher and accomplished actor David Ricardo Pearce, whose ancestor is featured in the book.
Welcome to Gavin Oldham's full presentation describing his vision for egalitarian capitalism.
The main set of proposals are as follows:
Egalitarian Capitalism is an alternative to socialism which, while fostering and encouraging enterprise for all, acts to involve and empower people right across society and especially the young.
Donald Trump's comment about Keir Starmer being 'No Churchill' wholly overlooks Churchill's part in destabilising Iran when the UK and US were the prime movers behind the 1953 coup d’état — or was he perhaps making reference to that? What followed was 26 years of authoritarian rule by the Shah, which brought about the 1979 Islamic revolution — then the past 47 years of more authoritarian rule. It's now more urgent than ever to provide a forum for stability and peace, and the UK has a real duty to help find the answer. Background music: 'Lost in Prayer' by Doug Maxwell.
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The past half-century has provided a generally well-structured approach to employment and career opportunities, but there's little reliability or predictability today. Increasingly, young people cannot rely on others to sort their lives out for them: they need to take matters into their own hands. Could it be the time for entrepreneurial activity to move from the margins to the centre ground? Background music: 'Any Thing You Can Dream' by The Whole Other.
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President Trump has learnt the hard way that he can't just impose tariffs by Executive Order. The U.S. Supreme Court may be beefed up by his own nominees, but they have shown that they do understand the law. We're now beset by uncertainties: on tariffs, refunds, exchange rates and U.S. public debt. The financial markets hate uncertainty, and his 150-day 'Section 122' tariffs won't fend off the risk of financial meltdown unless a long-term solution can be agreed on a cross-party basis. Background music: 'Confliction & Catharsis' by Asher Fulero
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Professor Tim Evans of Middlesex University says that English common law is the absolute jewel of the UK and that the undermining of trial by jury is utterly shocking; doubly so that it is being done by Labour, which has usually been at the vanguard of civil liberties. The UK public setor is withering and being hollowed out from the inside. He discusses whether the equality of women in society was not only a political story but also an economic one, concluding that – as with other stories of liberation – it is a bit of both. Reform is now Britain's best-funded political party, which is of particular significance in the run-up to the local elections. Tim notes that Reform is now stealing Tory policies such as setting up a sovereign wealth fund. Better late than never. If it encourages other parties to commit to this, then all to the good.
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Liam O'Byrne of Edison looks at Greggs, the leading on-the-go food retailer, which has a £1.75bn market cap. Their full-year results showed operating profits dimming a little although like-for-like sales and market share were up, despite a gently-declining market. The company expands in such an efficient way that it is reasonable to be optimistic about the company's future. Edinburgh Worldwide Investment Trust, managed by Baillie Gifford, specialises in businesses that have significant disruptive potential at the frontier of technological innovation. Space X accounts for 16.6% of assets. Facing prolonged activist pressure, they've announced a tender offer which Liam explains. It is an example, though, of a broader issue facing investment trusts sitting at a discount. But it does at least encourage boards to be more responsive to the interests of shareholders.
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Steve Caplin celebrates 50 years of Apple, a company which he claims has changed our lives in many ways. A man in Gibraltar has had his prostate removed by a surgeon in London using remote control. Some of the AI bots on Moltbook – thinking of founding a religion – are not happy it has been bought by Mega. The Society of Authors wants books to say if they have been written by humans or AI. There's a new mop that could be handy for murderers. Steve salivates over a solar-powered EV which probably wouldn't do too well in the British climate. He feels scientists who are trying to find a way to keep batteries cool might not have thought through their latest idea which brings water and electronics together. And scientists in Texas may have found a way to grow chickpeas – and thus make hummus – on the moon.
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There are many types of addiction — drugs (the basis for this session), smoking, alcohol — and there's often a real will to break that fixation. This episode is about reaching for the point of threshold at which that can be achieved. As the proverb in the title suggests, it may be a very small thing that brings about a very big change. It's worth asking yourself, 'What happens if I never change?' So, if you've become a slave to addiction, look for that point of threshold and break free!
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James Cameron-Wilson is delighted by #1 ‘Hoppers’ from Pixar. A sci-fi film with a theme of connectivity to the natural world, it's vastly entertaining and imaginative, with plenty of comic business, even if it becomes a bit complicated at times. #4 is ‘The Bride!’, written and directed by Maggie Gyllenhaal. It's the nearest any Frankenstein adaptation has come to being a romcom. Starring Christian Bale and Jessie Buckley, who gives a no-holds-barred erotic turn, it's an homage to the movies which gets better and better as you think about it afterwards. Streaming on BBC iPlayer is another Oscar-nominated documentary, ‘Mr. Nobody Against Putin’. James found this story of a schoolteacher in the Urals objecting to the militarisation of schools after the invasion of Ukraine, highly impressive.
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Mortgage rates have shot up this week as the impact of the conflict with Iran for inflation and interest rates sinks in. Banks and building societies have been racing to raise their fixed rates — with some even pushing them up twice in the space of a few days. It comes in response to a sudden switch around in expectations for the Bank of England base rate, but will this flurry of hikes continue or are the concerns overdone? Georgie Frost, Helen Crane and Simon Lambert look at what's going on in the mortgage market — and what you can do about it if you are buying a home or need to remortgage. Plus, Simon has broken with the habit of a lifetime and actually fixed his energy bills for once. He explains why you should too - and how there are still potentially price cap-beating or matching deals out there. Helen outlines the nine biggest mistakes you can make with your pension — and what they could cost you. And finally, if you have a Nationwide current account and are hopefully in line for some free money from Fairer Share, this is what you must do in the next two weeks.
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GDP data released this week shows an economy that slowed to a crawl in the fourth quarter of 2025 as inflation picked up. That’s not a good sign now that oil prices have nearly doubled this year and job cuts continue. We discuss what this data says about the economy and what we’re doing as investors. Travis Hoium, Lou Whiteman, and Jason Moser discuss Q4 2025 GDP data, Uber’s autonomous momentum, Adobe’s earnings, executive free agents, and stocks on our radar. Companies discussed: Alphabet (GOOG), Adobe (ADBE), Tesla (TSLA), Target (TGT), Costco (COST), Best Buy (BBY), Apple (AAPL), Amazon (AMZN), NVIDIA (NVDA), Boeing (BA), 3M (MMM), Netflix (NFLX), Globus Medical (GMED), Aerovironment (AVAV). Host — Travis Hoium; Guests — Lou Whiteman, Jason Moser.
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Amazon is fighting Perplexity over the startup’s shopping agents, showing the legacy tech companies may not be as comfortable with AI innovation as we may think. We also discuss Meta’s AI strategy and why Oracle is growing and taking a big risk in its buildout. Travis Hoium, Lou Whiteman, and Rachel Warren discuss: Amazon goes after Perplexity’s agents, Meta’s scattered AI strategy, and Oracle earnings. Companies discussed: Amazon (AMZN), Google (GOOG, GOOGL), Meta Platforms (META), Oracle (ORCL). Host — Travis Hoium; Guests — Lou Whiteman, Rachel Warren.
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Chronic kidney disease is often a silent condition, but its effects can be serious. What many people don’t realise is that kidney health is also an overlooked cardiovascular risk factor. Because symptoms may not appear early on, chronic kidney disease frequently goes undetected. That’s why awareness and simple testing through your GP can be so important to help prevent premature cardiovascular disease deaths. Rory McGowan is joined by Fiona Loud to discuss this further.
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The dust has settled on the Budget but while we now know what Rachel Reeves plans for our finances, many questions remain. The Budget featured a raft of tax rises — but also left out some moves that were widely rumoured to happen. On this special bonus episode, Simon Lambert is joined by Lisa Caplan, of Charles Stanley Direct, to find out what people are asking after the Budget — and the answers to those important questions
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The UK Budget speech and the response from Leader of the Opposition Kemi Badenoch. This includes the 'Point of Order' beforehand from Mel Stride regarding the premature release of the OBR report. This is the unabridged record without comment, and the recording runs for one hour and 31 minutes.
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Pensions and inheritance are at the forefront of many people's minds ahead of the Budget. In her last Budget, Rachel Reeves announced she will pull pension pots into the inheritance tax net from April 2027. Meanwhile, there are concerns that pension tax-free lump sums and inheritance tax allowances could fall victim to another raid as the Chancellor tries to balance the books again. In this special episode of the This is Money podcast, Simon Lambert is joined by Lisa Caplan, director of Charles Stanley Direct Advice and Guidance. Lisa spends her days helping customers understand how to protect their wealth, make their pension last in retirement and, importantly, enjoy their hard-earned money. She discusses with Simon the questions people are asking right now about pensions and inheritance tax and her answers.
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The world is facing a myriad of Gordian Knots at present — problems so intricate and complex that they need new and very different approaches to solve them. In Greek mythology, it was Alexander the Great who chopped the knot rather than struggling to untie it. If you're facing a raft of complex problems, this episode could help you find novel and creative ways to solve them. So, think of the most challenging things in your life and listen in for inspiration. Maybe Donald Trump should seek Adam Cox's guidance for resolving conflicts across the world, or the UN for dealing with climate change — or Governments across western democracies seeking an answer for intractable debt problems? Image: Wikipedia
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For the 500th show, Steve Caplin takes a look back at some of the highlights of ten years of Gadgets & Gizmos. He covers sprayable sleep, cows imitating zebras to ward off mosquitoes, crows collecting cigarette butts, NFTs, self-parking slippers, KFC chicken-tasting nail polish, the first human head transplant, the Skunklock noxious bike lock, Refrigerdating, the robot dog flamethrower, ant populated gin and how to make pain relief pills 10 times more effective.
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Berkshire’s cash hoard is approaching “Dr. Evil” levels. Tim Beyers and Dylan Lewis discuss Warren Buffett’s message to investors and Berkshire Hathaway shareholders in his annual letter, Berkshire’s growing cash position and what it might say about his view of the investing opportunities out there, and Apple’s $500Bn commitment to its Advanced Manufacturing Fund, AI development, and R&D efforts. Then, 16 minutes in, American's pharmaceutical options for legally treating mental health issues could expand soon. MindMed is testing the effects of LSD on depression and Anxiety, the company’s CEO Rob Barrow talks Ricky Mulvey through his company's work and the future of psychedelics and mental health. Companies discussed: BRK.A, BRK.B, AAPL, MNMD. Host - Dylan Lewis; Guests - Tim Beyers, Rob Barrow, Ricky Mulvey
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James Cameron-Wilson reports on box office -13% but still up on 2024, with ‘Wicked’ becoming last year's most successful film with £59.6m. The musical biopic of Bob Dylan, ‘A Complete Unknown’, with Timothy Chalomet and Edward Norton is the new #1. The tedious and unbelievable ‘Wolf Man’ limps in at #7. James found Netflix's spy thriller ‘Back in Action’, the return from retirement of Cameron Diaz, all very silly and over the top, despite some good stunts. The Oscar nominations were coming out during recording, so James gives his first thoughts on who's in and who's out.
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Warren Buffett sends us into the season to be thankful with his philanthropic acts and his poignant words, and gives us all a place to start the conversation with family about money. Asit Sharma and Dylan Lewis discuss NBC’s negotiations to extend their rights to broadcast rights to the Macy’s Day Parade, and why holiday live events are turning into an arms race, the expectations for Black Friday through Cyber Monday, and two predictions on the direction of consumer spend and who will be driving it in future years, and Warren Buffett’s plans for passing his wealth on to his family and philanthropic efforts, and the words of wisdom we should all have in mind as we get together with loved ones this week. Companies discussed: CMCSA, M, NFLX, AMZN, BRK.A, BRK.B. Host - Dylan Lewis; Guests - Asit Sharma
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The core of the problem with unclaimed, adult-owned Child Trust Funds (of which there are over £2 billion waiting to be claimed) is with accounts opened by HMRC. That's why The Share Foundation has proposed a 'default withdrawal at 21' process, based on the young person's National Insurance number. Danny Kruger MP took part in the CTF conference in Westminster on Tuesday 5th March, and two weeks later in a Westminster Hall CTF debate, and supported this initiative which could release £1/4 billion each year to help these young and predominantly low-income young adults. Background music: 'Waiting' by Andrew Langdon
The debate on 19th March 2024 was hosted by Sir Jeremy Quin MP to call for the need to simplify family access to Child Trust Funds for disabled young people, and a number of MPs contributed to the debate, including Danny Kruger and Ed Davy. The audio record is provided by Parliament Live, and is an unabridged recording of proceedings, without additional comment. Listeners may notice an adjournment for voting in the House of Commons.
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Welcome to a special episode of The Financial Outlook: the investment section of the Managing My Money course. What's the difference between saving and investment? It's all in the risk. We talk about shares, bonds and funds, and which perform best over the long term. The Managing My Money course has 16 sections in total, and is presented by Glen Goodman and Annie Weston. You can enjoy the whole course, produced in association with the Open University via Share Radio's home page. Here's the link to the slides for this episode: https://www.shareradio.co.uk/help-guides/managing-my-money/supporting-slides/mmm-week-5-episode-10-supporting-slides/
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“The [Child Trust Fund] scheme has been closed to new entrants for over 12 years. In this time HMRC has been focusing resources on evaluating and improving existing schemes. We will continue to keep the need to evaluate old schemes under review.” So said Andrew Griffith MP, Economic Secretary to HM Treasury in reply to a parliamentary question from John Ashworth MP, Shadow Secretary of State for Work and Pensions. But this is not an 'old scheme' — there is currently over £1.7 billion sitting in mature accounts belonging to over 900,000 mainly low-income young adults throughout the UK who don't know anything about their good fortune! Their Child Trust Fund harvest is seeing too little action at present: but it's not too late to get it sorted, and the current focus from the National Audit Office and Public Accounts Committee will certainly help.
Background music: 'Hopeful Freedom' by Asher Fulero
The huge take-up of ChatGPT over recent weeks has brought the challenge of Artificial Intelligence into sharp relief. As the Chief Executive of its creator, OpenAI, said in one of his blogs, 'Artificial Intelligence will bring unimaginable wealth but, unless something changes, most of us will get none of it. We need a radical solution'. Conventional wisdom sees Universal Basic Income as the way through this dilemma, but this will only bring us more state intermediation and human subservience. We can put forward a better solution, by enabling all to share in the wealth that technology brings and to play their part in its future governance.
Background music: 'Digital Solitude' by Silent Partner
Jonathan Davis, editor of the Investment Trusts Handbook, tells Simon Rose what makes investment trusts special and why investors should consider their merits. He explains the differences to other types of funds, including the premium and discount. He discusses the yields on alternative assets (including renewable energy and even music royalties) and how trusts can continue paying dividends even in bad years. The handbook, from Harriman House, is available in hardbook or free as an ebook (https://tinyurl.com/mt69fc24).
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It’s the last episode of Answers (but don’t worry, we’re just moving to Motley Fool Money every Tuesday). We’ll reminisce on our biggest lessons learned over the last seven years and answer your questions, some financial, some festive.
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The Talk by the WealthiHer Network, every month on Share Radio: this month we are here to talk about the secrets of some of UK leading female businesses leaders and their journeys within launching their businesses. Tamara Gillan is joined by Charlotte Bobroff, the executive director at J.P. Morgan who has been incremental with working with female founders from female high-powered businesses. She recently curated an event surrounding female high-powered businesses and she will be discussing her findings. Also, we have the pleasure of Daina Speddings, who is an investor at BGF and will share her perspective on the investment journey.
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Scrooge has made the deal of his life with Chinese investors and must now quickly return to London on Christmas Eve to close the deal. On the flight back, during a fitful sleep, Scrooge confronts his past and present and learns the future consequences of his miserly life to find the true meaning of Christmas. Proscenium Online Theatre is super excited to be bringing you a whole new season of audio dramas in 2022. Starting off with 'The Girl in the Yellow Dress', a dark romance by South African playwright Craig Higginson, and 'Plunder', an original Hong Kong based thriller by American playwright Alan Olejniczak. In the meantime - sit back, close your eyes and enjoy the Proscenium Online Theatre’s production of 'A Christmas Carol'.
https://www.prosceniumonlinetheatre.com
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Join the Sustain:Social panel session on December '21, considering the outlook for investors in the wake of the COP26 in Glasgow. The panel comprises of - Chair: Rodney Hobson Panel: Gervais Williams (Premier Miton Group); Jamie Broderick (Impact Investing Institute); Mohan Gundu (Sustainable Funds Group); Mike Appleby (Liontrust Sustainable Investment team); Gavin Oldham (The Share Foundation / Share Radio).
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Food banks are providing a vital role to help people this winter, and the Trussell Trust supports more than 1,200 throughout the United Kingdom. In this special episode of The Bigger Picture, their Chief Executive Emma Revie briefs supporters about their progress, and their plans for the future. If you would like to support the extraordinary work undertaken by this charity, please visit https://trusselltrust.org
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Imagine a world in which everyone has a stake in the great tech firms that serve them each day, and where dividends are gradually replacing wages to provide regular income for everyone, as work becomes scarcer as a result of automation? Imagine a world where every young person not only has a small inheritance with which to start their adult life, but also the opportunity to build its value by learning life skills? Simon Rose is taking a well-earned break this week, so we’re taking the opportunity to bring you a talk given Gavin Oldham in August to the leading City of London think-tank Z/Yen.
Click link for slides for presentation
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Every child in the UK born between 1 Sept 2002 and 2 Jan 2011 has a Child Trust Fund (CTF). But one child in six has lost contact with the money. Gavin Oldham, Chairman of The Share Foundation – which runs the Junior ISA & Child Trust Fund schemes for children in care for the Department for Education - is trying to re-connect them. He talks through the CTF, how to track an account down, and what a child can and can’t do with the money.
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In a new partnership with publishers Harriman House, Share Radio has produced its first audiobook 'Superinvestors', written by Matthew Partridge and read by some of Share Radio's best known presenters. 'Superinvestors' lays bare the investing secrets of legendary investors - from early 20th-century figures such as Benjamin Graham and John Maynard Keynes, through to more modern names such as Anthony Bolton and Warren Buffett.
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How you can help young people in care prepare for adult life by supporting The Share Foundation’s ‘Stepladder of Achievement’ programme.
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