Petrol Price crisis......

[baboon]

Originally Posted by Loud_Noises

Something really needs to be done about petrol pricing in Australia.

I filled up this morning at 124.9cpl for 95, went to pay, walked back to the car and the price had gone up 27cpl!!!

The oil cartels have the nation bent over a barrel and that needs to end. Everyone not buying any fuel for a few days would work in theory, in reality it will never work. So what the hell can we do to rectify this situation???

You need to stop filling up 95 at 124.9cpl, it seems to have caused the 27cpl price hike!

But yeah whats the go with these jumps overnight?

[Trump]

Originally Posted by baboon

You need to stop filling up 95 at 124.9cpl, it seems to have caused the 27cpl price hike!

But yeah whats the go with these jumps overnight?

Bahahahahaha, unlucky coincidence for those filling up after me.

That's what happens when the cartels have a complete monopoly. And with a toothless ACCC, nothing will happen from the corridors of power. I am not known for big government, but when there's a body tasked to prevent such behaviour, you have to question the legitimacy of their existence.

[PETE_XR6]

the school holidays are days away, will the price go up or down?

[GasoLane]

Originally Posted by PETE_XR6

the school holidays are days away, will the price go up or down?

Is that a trick question ?

[Syndrome]

http://www.smh.com.au/business/marke...11-gkwteb.html

[Qwerty321]

I live in Auckland and I pay $2.12 a Litre for BP Ultimate 98. You people have no right to complain

[Syndrome]

Crude oil to go below $40 per barrel if this trend continues

http://www.bloomberg.com/news/articl...-weaken-prices

[Syndrome]

Crude is now under $40 per barrel

http://www.marketwatch.com/story/oil...ion-2015-12-07

[csv8]

Syndrome,,it's. $37 a barrel we should be paying under $1 a litre!! ACCC can't do anything !!

[MercurySilver]

Paid 1.37 for 98 yesterday
Normal was 1.12

[Syndrome]

Originally Posted by csv8

Syndrome,,it's. $37 a barrel we should be paying under $1 a litre!! ACCC can't do anything !!

You are correct - back to 2009 lows

http://www.bbc.com/news/business-35034103

[Trump]

These low oil prices are due to economic warfare. The mainstream media reckons its an American ploy to sink the Russians:

http://www.news.com.au/finance/econo...a2295c0655f868

Some reckon its a Saudi ploy:

http://oilprice.com/Energy/Oil-Price...c-Warfare.html

[Syndrome]

Others say it is due to the global economic malaise which has reduced demand for the stuff.

Who is correct?

[Romulus]

Others say it's OPEC fault as they can't agree on production amount rendering a cartel useless.

[GasoLane]

Originally Posted by csv8

Syndrome,,it's. $37 a barrel we should be paying under $1 a litre!! ACCC Won't do anything !!

Needed correction

[mik]

Enjoy it while it lasts.

[Sioso]

http://www.autoblog.com/2015/12/07/g...ow-since-2007/

$1.80 USD for 1 Gallon (3.78 litres) in some parts of the U.S.

[sprintman1]

OPEC trying to kill U.S shale

[Qwerty321]

Originally Posted by Loud_Noises

These low oil prices are due to economic warfare. The mainstream media reckons its an American ploy to sink the Russians:

http://www.news.com.au/finance/econo...a2295c0655f868

Some reckon its a Saudi ploy:

http://oilprice.com/Energy/Oil-Price...c-Warfare.html

I thought it was because we (the west) started trading with Iran and they produce a lot of oil. Supply increased, demand stayed the same, prices dropped.

[Romulus]

Originally Posted by Qwerty321

I thought it was because we (the west) started trading with Iran and they produce a lot of oil. Supply increased, demand stayed the same, prices dropped.

I'd say you're on the money. US lifted trade embargo on Iran, Iran is adding an addition 500,000 barrels of oil per day to the market, with it's aim of reaching 3.1 million barrels of oil per day.

"OPEC member Iran currently exports 1.1 million barrels of crude oil per day and hopes to get back to its pre-sanctions level of 2.2 million, last reached in 2012. Iran's total production now stands at 3.1 million barrels per day.

"Our exports will be doubled within a short period of time after the sanctions are lifted," Zanganeh said.

"We have no worries about selling the 500,000. God willing it will be realized. And I should not be concerned about price, others should be," he said, referring to other oil exporters.

"Under no circumstances will Iran concede its market share to others. We don't seek permission from anyone to use our rights."

Source http://news.yahoo.com/iran-boost-oil...145130859.html

Make no mistake the Iranian's are no friends of the House of Saud, and will fill the market with oil. As will other countries with a vendetta against the US and the Saudi's.

[Qwerty321]

Originally Posted by sprintman1

OPEC trying to kill U.S shale

You can't kill shale, just delay it. So you flood the market and sell your oil cheaper than the break even point for shale companies. They go out of business but you've lost oil in the process. Eventually the middle east will reach a point where it's cheap wells dry up and cost of production for them will become the same, or higher than the production cost for shale oil.

Shale oil isn't going anywhere, it's just a case of whether it's economically viable now, or 10 years down the line. OPEC is just clutching straws at this point, they know their oil fields are drying up and becoming less profitable, hence why there so scared of american shale oil. When the middle east starts running out, America will just get started.

That said, oil will probably sit at around what it was at it's peak value a couple years ago when shale oil starts becoming our main source.

[ebxr8240]

So E85 isnt that bad after all ? We should be trying to be self sufficient and NOT depend these corrupt countries .. Oh hang on that doesnt make the gov any money ?

[Qwerty321]

Originally Posted by ebxr8240

So E85 isnt that bad after all ? We should be trying to be self sufficient and NOT depend these corrupt countries .. Oh hang on that doesnt make the gov any money ?

E85 is most definitely good. Most cars on the roads can't run it though, so we'll probably see a transition over to E85 that matches the phasing out of the old cars on our roads.

E85 does have the ethical issue of instead of making ethanol we should be shipping the food off to africa or whatever. You know what the one world greenies are like.

[vztrt]

Originally Posted by Qwerty321

E85 is most definitely good. Most cars on the roads can't run it though, so we'll probably see a transition over to E85 that matches the phasing out of the old cars on our roads.

E85 does have the ethical issue of instead of making ethanol we should be shipping the food off to africa or whatever. You know what the one world greenies are like.

Yeah except for the who no one is using it really. Even the VFII dropped their fuel flex cars.

[GASWAGON]

Originally Posted by vztrt

Yeah except for the who no one is using it really. Even the VFII dropped their fuel flex cars.

Oh really!

So are you saying that a VFII cannot run E85?

Gees thats bad if thats what you are saying??

I never thought E85 would last very long???

[Syndrome]

Food for thought

http://oilprice.com/Energy/Crude-Oil...ssibility.html

[Cav]

106.9 in Shellharbour for E10

[vztrt]

Originally Posted by CoolBFWagon

Oh really!

So are you saying that a VFII cannot run E85?

Gees thats bad if thats what you are saying??

I never thought E85 would last very long???

http://www.drive.com.au/motor-news/h...15-1mlhax.html

I remember the fan fare when it was brought in. How Holden was working with Caltex to ......usual Holden BS. But yeah they dropped it.

[Qwerty321]

$1.79 in Auckland for 91. We do have an exorbitant fuel tax (49%) so bear that in mind.

[TUF_302]

Originally Posted by Qwerty321

$1.79 in Auckland for 91. We do have an exorbitant fuel tax (49%) so bear that in mind.

You poor b@st@rds!!