Petrol Price crisis...... - Page 6

XA-Coupe · 20-07-2008, 09:26 PM

Quote:

Originally Posted by SSbaby

So you're the one who believes it's just supply and demand? OPEC is definitely to blame because... they're the source, right!

:

Yes, I still believe in Father Christmas too! ;)

bloody hell, you are like the clap... never going away forever

fordAU · 20-07-2008, 09:50 PM

Quote:

Originally Posted by SSbaby

OPEC is definitely to blame because... they're the source, right!

:

What I have done is present an alternative viewpoint to the Bush/US is the evil kingdom blah blah.

What I find scary is that the member nations of OPEC are Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Socialist Peoples Libyan Arab Jamahiriya, United Arab Emirates, Algeria, Nigeria, Ecuador, Angola and Gabon, they hold the cards and manipulate the Oil market, they are a cartel.

Not one of those countries adheres to democratic values, all those countries are controlled by fundamentalists and despots, all of those countries are abusers of human rights, the sooner we are no longer reliant upon this lot the better but that won't happen for some time yet.

The Saudi Oil Minister recently stated that it was in OPEC's interests to drop the price of crude, there is no value for them to see alternatives become widely available or more importantly become viable.

The Stone age did not end because the world ran out of stone, same principle with Oil.

SSbaby · 20-07-2008, 10:09 PM

Quote:

Originally Posted by fordAU

What I have done is present an alternative viewpoint to the Bush/US is the evil kingdom blah blah.

What I find scary is that the member nations of OPEC are Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Socialist Peoples Libyan Arab Jamahiriya, United Arab Emirates, Algeria, Nigeria, Ecuador, Angola and Gabon, they hold the cards and manipulate the Oil market, they are a cartel.

Not one of those countries adheres to democratic values, all those countries are controlled by fundamentalists and despots, all of those countries are abusers of human rights, the sooner we are no longer reliant upon this lot the better but that won't happen for some time yet.

The Saudi Oil Minister recently stated that it was in OPEC's interests to drop the price of crude, there is no value for them to see alternatives become widely available or more importantly become viable.

The Stone age did not end because the world ran out of stone, same principle with Oil.

While you sound like a rational sort of person, I almost fell off my chair when I read 'democracy' in your statement!

So you believe Israel and the US are our saviors while the evil empire that is the oil barons are hell bent on spreading their values in the hope we embrace Islam?

Phhleeease. My eyes are not wide shut. I'd prefer to look at real issues rather than take the propaganda sold to us by the Americans. Yes, you did link an American article, in case you didn't realise?

You know what I'd like you to do for me? Please translate the article so that I could understand it.

fordAU · 20-07-2008, 10:20 PM

Quote:

Originally Posted by SSbaby

While you sound like a rational sort of person, I almost fell off my chair when I read 'democracy' in your statement!

Almost fell off !!! can you do better next time

I don't see these dark conspiracies that you appear to believe in, imo OPEC manipulate crude oil price by supply.

It is a supply/demand issue, the price is dependant on supply, the world is not running out of Oil, OPEC increases price by limiting supply, do we agree on that one ?

SSbaby · 20-07-2008, 10:30 PM

Quote:

Originally Posted by fordAU

Almost fell off !!! can you do better next time

I don't see these dark conspiracies that you appear to believe in, imo OPEC manipulate crude oil price by supply.

It is a supply/demand issue, the price is dependant on supply, the world is not running out of Oil, OPEC increases price by limiting supply, do we agree on that one ?

No it's not dependent on supply. The reserves are all full. There has been a drop in demand. Therefore, price should be less as there is an oversupply... but alas, it's not the case!

EDIT: Oh, and how can OPEC manipulate the price if oil is sold in $USD?

fordAU · 20-07-2008, 10:39 PM

Quote:

Originally Posted by SSbaby

No it's not dependent on supply. The reserves are all full. There has been a drop in demand. Therefore, price should be less as there is an oversupply... but alas, it's not the case!

Seriously my fellow Ford lover, get with the plan, the Saudi's announced 2 weeks ago that they are going to increase supply, 4 days ago crude settled at $138.74 it was the largest single-day slide in dollar terms since Jan. 17, 1991.

Will it continue to drop, who knows, it depends on OPEC.

You will be pleased to know that just before I hit the hay I checked the price of Tin Foil, its on the way up

SSbaby · 20-07-2008, 10:49 PM

Quote:

Originally Posted by fordAU

Seriously my fellow Ford lover, get with the plan, the Saudi's announced 2 weeks ago that they are going to increase supply, 4 days ago crude settled at $138.74 it was the largest single-day slide in dollar terms since Jan. 17, 1991.

Will it continue to drop, who knows, it depends on OPEC.

You will be pleased to know that just before I hit the hay I checked the price of Tin Foil, its on the way up

Saudi are not OPEC. They have a deal with the US, remember. While Iran supplies the rest of the world with oil, they prefer to deal in Euros.

Btw, you haven't translated the article I asked you to decipher for me.

I'm with the plan, I just don't believe I can convince you (you're a grown up, you can make up your own mind) and the blind and dumb.

EDIT: If I'm so wrong, I'd like you to please explain why the US (after invading Iraq) went to the trouble of reverting to selling oil in USD after Saddam chose to make a fortune selling it in Euro?

Sourbastard · 20-07-2008, 11:10 PM

chevypower · 21-07-2008, 04:51 AM

Quote:

Originally Posted by SSbaby

Do your research on macroeconomics. You'd realise Bush only cares about the rich and prosperity of his own nation relative to other nations. You only refer to microeconomic matters in your rant... in other words, he doesn't care about the GM, Ford companies of this world. He only cares about banks, oil, defense, the USD etc... and doesn't care about the US foreign debt because he believes there is only one strong nation on this planet and that it could do whatever it wants without interference. Even if the middle class has to pay for it.

The Detroit/Michigan economy is not microeconomics. It actually affects the whole country. Home foreclosures at a record high, is a national issue... how the heck is that microeconomics and not macroeconomics? Anyway, my whole point of mentioning Bush, was that his goal of using oil shale to bring down the price of oil, was a better alternative to Obama's pushing the ethanol and biodiesel thing. I personally think it's another side-stepping thing, but it's a better one than Obama's.

SSbaby · 21-07-2008, 11:26 AM

Quote:

Originally Posted by chevypower

The Detroit/Michigan economy is not microeconomics. It actually affects the whole country. Home foreclosures at a record high, is a national issue... how the heck is that microeconomics and not macroeconomics? Anyway, my whole point of mentioning Bush, was that his goal of using oil shale to bring down the price of oil, was a better alternative to Obama's pushing the ethanol and biodiesel thing. I personally think it's another side-stepping thing, but it's a better one than Obama's.

You're barking up the wrong tree.

Have a look here: http://www.detnews.com/apps/pbcs.dll...807170385/1374

While I don't support the govt bailout of automakers, myself, I do care about the car industry. Does Bush sound like he care's about the car industry to you? Don't forget, he has a vested interest in oil and so has his sidekick.

mik · 29-07-2008, 06:19 PM

Quote:

Originally Posted by sourbastard

this will interst if it has`nt been posted i reckon, its an hour and 15 long but confirms what i have alway`s thought (were being ripped off big time) http://video.google.com.au/videoplay...67011147&hl=en

kempster1 · 29-07-2008, 06:47 PM

I dream about paying the prices you guys in the cities pay

Currrent price here
ULP $2.17
Diesel $2.27

**TUF_302** · 29-07-2008, 06:50 PM

Quote:

Originally Posted by kempster1

I dream about paying the prices you guys in the cities pay

Currrent price here
ULP $2.17
Diesel $2.27

Where the hell in tassie do you live!!, I live there and only paying 1.60!

kempster1 · 29-07-2008, 07:17 PM

Quote:

Originally Posted by TUF_302

Where the hell in tassie do you live!!, I live there and only paying 1.60!

King Island

gz1 · 29-07-2008, 07:43 PM

Quote:

Originally Posted by kempster1

King Island

Ahh that's it then. Oil companies getting back at you for the high prices you are charging for king island brie

:

kempster1 · 29-07-2008, 08:08 PM

Quote:

Originally Posted by gz1

Ahh that's it then. Oil companies getting back at you for the high prices you are charging for king island brie

:

People pay money for King Island cheese......

:

Whitey-AMG · 30-07-2008, 04:20 PM

Quote:

Originally Posted by kempster1

I dream about paying the prices you guys in the cities pay

Currrent price here
ULP $2.17
Diesel $2.27

Too true, but you get to breathe all that beautiful clean air and get to enjoy all that majestic scenery..............

Either way, I see that the price per barrel has dropped and that our average cost per litre is now around $1.48 for ULP........Seems the threat of the US economy going into recession has prompted a rethink on the World Oil price...........cynical........YES.

**Charliewool** · 30-07-2008, 04:39 PM

Quote:

Originally Posted by kempster1

King Island

$2.17 would drive you from Currie to Grassy about 5000 times though?

kempster1 · 30-07-2008, 06:22 PM

Quote:

Originally Posted by charliewool

$2.17 would drive you from Currie to Grassy about 5000 times though?

26 km x 5000 = 130,000 km

130,000 km on $2.17, charlie you must have a better car than mine

Director · 30-07-2008, 07:16 PM

two great footy teams right there, Grassy and Currie. How the Grassy Hawks going this year?

kempster1 · 31-07-2008, 06:44 AM

Quote:

Originally Posted by Director

two great footy teams right there, Grassy and Currie. How the Grassy Hawks going this year?

not good

:

North will win this year

**Charliewool** · 31-07-2008, 07:59 AM

Quote:

Originally Posted by kempster1

26 km x 5000 = 130,000 km

130,000 km on $2.17, charlie you must have a better car than mine

Was a "little" tongue in cheek Kempster!...

Syndrome · 09-12-2014, 09:48 AM

A bit of thread mining. Last night I filled my car for less than $90 which is the first time in years it has cost me this little. It is interesting to note what people discussed in this thread years ago compared to where we are now. With the global economic malaise continuing to spread it is predicted that the price of crude oil will continue to drop.

**MercurySilver** · 09-12-2014, 12:46 PM

churchill road in sa
1.19 a liter
costco ( i think ) is making the shell down the road match the price apparently

i think from what was said premium was around 1.38 ?

mik · 09-12-2014, 04:10 PM

indeed it is a nice change to not see doctor ben dover at the pumps.

johnydep · 09-12-2014, 04:10 PM

Last week cost me $80 to fill up, thought there was something wrong. Haven't been under a $100 for years.

E85 107 octane

Won't last forever. Before we know it, it'll be over

Whitey-AMG · 09-12-2014, 05:37 PM

Yeh , interesting to see the chaos when I started this thread back in 2008.
Never would have guessed that things would be better now than back then.

As mik said , it's good to see Ben Dover on holidays for a while....

**fordomatic** · 09-12-2014, 06:10 PM

Still $1.68 for 98 here in Canberra, thieves i tell ya

**GasoLane** · 09-12-2014, 06:20 PM

Quote:

Originally Posted by fordomatic

Still $1.68 for 98 here in Canberra, thieves i tell ya

That's close to us.... $1.65 for 98 here.

**fordomatic** · 09-12-2014, 06:52 PM

Quote:

Originally Posted by GasOLane

That's close to us.... $1.65 for 98 here.

Ridiculous hey, news just said $1.22 in sydney so add .14 for 98 make it $1.36. We get so screwed down here. Petrol is even more expensive here than when i was in Townsville, average around .05 dearer.

They say because of cartage costs, biggest cop out ever. In Townsville they have to ship the fuel in from Brisbane, way more expensive than a truck from Sydney. Government doesn't care, the more petrol is the more they make.