More oil found

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Just so. Nevertheless, it always seems to me as if the time lag between increased prices hitting the wholesale market and reaching the forecourt is considerably shorter than that when the opposite happens?

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Of course, I'd do just the same if I was running the oil company /forums/images/graemlins/grin.gif

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Is that fiscoil drag?

I'll get me coat.
 
The pits would still be open if the comb over one had not decided to use them as pawns in his grander political game
 
Not a big fan of the original SWMBO, should have worn a black pointy hat and flown around on a broomstick, devastated a lot of communities up here. /forums/images/graemlins/frown.gif

Once had a £70 fine for not paying the witch's poll tax out of protest, which got me nowhere but £70 lighter in the pocket, ah the passion of bygone youth... /forums/images/graemlins/blush.gif

Yet one has to wonder if it was not all about breaking the unions, but about using everyone elses resources while they are cheap, whilst keeping ours underground until everyone else's are used up. /forums/images/graemlins/ooo.gif
 
would make virtually £1.60 a litre, and we thought £1.50
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Sounds like they are not selling red....Even in the flagstaff marina of the Forth Diesel is aorund £0.80
 
Hi
A long time mate who lives in Canada in Alberta state actually tells me that they now have about 400 years of oil tied up in shale. But now it is becoming viable to process it. with the cost of crude as it is now.
Good for them I say, so they could be free of the mid east stuff within the foreseeable future, and why can't this government, or others of a different hue just keep ours for us and tell the Arabs to stuff theirs. That would get rid of OPEC as well. I did hear it was the wrong sort of oil..(like the snow that stopped trains or the leaves on the tracks) .. too light or too heavy for petrol or diesel. Or is this just a RED herring /forums/images/graemlins/laugh.gif /forums/images/graemlins/laugh.gif

By the way Red here atthe local gaerage is 72 ppl

But come November.......AAargh!!!!!

Cheers

Drew.
 
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would make virtually £1.60 a litre, and we thought £1.50
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Sounds like they are not selling red....Even in the flagstaff marina of the Forth Diesel is aorund £0.80

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The last time I was on the fuel pontoon petrol was £1.34 a litre, on ASDA then £1.04, so Mylor retail is ASDA plus £0.30.

Now ASDA diesel is approx £1.28 a litre, so add the 30p mark-up, you would have a current price at Mylor fueling pontoon of £1.58 a litre, assumming the November rate was in place.

Wish I had not started this now.

Brian
 
Yep, and I still live is Saudi where we dont have a note small enough to buy just one litre of unleaded, 100ltrs = 32 SAR that's about £4.30.

Darling should change the tax regime on fuel to "fixed" he would win alot of friends and fuel in the UK would be a realistic price and NO he wouldn't be subsidising it - where does it say you MUST charge a tax?
 
Yes strange that, my study back in the 1990's examined the "bleeding edge" of geological theory and then the thinking was that the earth makes oil as a natural process, as part of the fractional distilation process, (volacansium is another one except thats distilation of rock not oil), the conclusion is that much of the oil found is not a fossil fuel at all but a naturally occuring conectration of hydrocarbons - which regenerates over time. Some of the evidence for this was the fact that "empty" wells in the US mysteriously filled up again. Also as know reserves are depleated and prospectors go looking for more what a surprise! they find some. This latest "find" in the north sea is yet more evidence.

Do I think we should waste the stuff - NO

Do I think it will ever run out? - NO

Sorry if that offends the tree huggers.
 
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Yes strange that, my study back in the 1990's examined the "bleeding edge" of geological theory and then the thinking was that the earth makes oil as a natural process, as part of the fractional distilation process, (volacansium is another one except thats distilation of rock not oil), the conclusion is that much of the oil found is not a fossil fuel at all but a naturally occuring conectration of hydrocarbons - which regenerates over time. Some of the evidence for this was the fact that "empty" wells in the US mysteriously filled up again. Also as know reserves are depleated and prospectors go looking for more what a surprise! they find some. This latest "find" in the north sea is yet more evidence.

Do I think we should waste the stuff - NO

Do I think it will ever run out? - NO

Sorry if that offends the tree huggers.

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yeah I read about this, but since no one speaks anymore about it, I tought they got it all wrong
still it is always good to be alternate in fuel and leave the diesel for the boats /forums/images/graemlins/cool.gif
 
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Do I think we should waste the stuff - NO

Do I think it will ever run out? - NO

Sorry if that offends the tree huggers.

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As I've said before, petroleum based fuels are, currently, the most effective way we have to run personal and long distance transport, together with bulk oong distance. This means cars, plans and boats. Limit petroleum based fuels to those uses and run all power generation on coal/nucler and run the trains on electricity. Or burn tree huggers or summat:-)
 
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LOL, ever thought of entering politics leadersail? Crude was at 120 a tin yesterday

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So why is diesel at the pumps 6 - 8p more a litre now, than when it was 135 a barrel, as it comes down prices go up.

If someone can explain I can apply to our prices.

Brian

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Because they know we will pay up.

We're screwed now, would you reduce the price of a product that people were still falling over themselves to buy.

If it were my business, I would keep edging it up until demanded started to drop off, then just reduc it slightly and you are getting the maximum return for your product.

To stop the rot, we should have kicked up a massive stink 6 months ago. Too late now, the know we will pay....
 
Well in normal circumstances, that's why we have anti trust regulations, to ensure there's enough healthy competition to stop companies doing that. Problem with oil is that everyone knows a cartel exists (its called OPEC) they just can't do anything about it.
 
I wonder if there's any chance we could consume our own oil instead of flogging it off and then getting ransomed by the Arabs,Russians etc.
 
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