The price of Oil
 

Well, they invaded Iraq so that they could ensure a stable supply of the black stuff and yet the price is now at a record high.


That worked well then didn't it.


Even Powergen and the likes are saying that gas prices are set to rise dramatically. This I don't really understand. They already have the equipment in place, the infrastructure to get it to your cooker must have been paid for many times over, they get it for free so why should the price change? They control how much comes out so when demand increases why not just open the tapa bit more?


It also begs the question that much that we do in terms of energy conservation is and soon will be wiped out because of teh rise in demand from developing countries like China.

Thoughts, comments anyone?

Re: The price of Oil
 

I haven't had a gas bill for over a year, despite numerous calls from me to ask for one.

When the bill eventually arrives, and I pay it, the price of gas should go down for the rest of you.

Re: The price of Oil
 

its bloody extortion by another name

the reason they're giving for the latest price rises are the death of king fahd of saudi arabia and hte fact aussie have said to their nationals to leave the country

wtf?!

as for the iraq thing - yeah oil is stablised there but usa is gettin a large share of it.

Re: The price of Oil
 

As I've said in other threads, my LPG is still 35p/litre :)

I doubt I could afford to work where I do if I had topay petrol prices.(600 miles a week @ 30 mpgish=20 gallons @£4 gallon = over £300 a month!!!!)

whereas, 600/21*1.60=PHEW!!!!!!

Re: The price of Oil
 

Forgive my ignorance, but what is LPG?

Is it diesel?

:confused:

Re: The price of Oil
 

low, pressure, goolies thought that would put a smile on your face gary :D

Re: The price of Oil
 

Liquid Propane Gas.

Re: The price of Oil
 

Liqued Petroleum Gas

Calor gas to most people.

Any car that can run on unleaded can run on LPG.

This is my 3rd LPG car(Previously alfa 155, Saab 9000 and now Volvo V70 2.5 Turbo)

Re: The price of Oil
 

The Saudis forsee their oil supply diminishing in the next 6 years therefore the building work going on in Dubai. They are building up Dubai as a tourist mecca, putting up swish new hotels etc. They need another industry to fall back on when the oil runs out, so tourism is taking precedence. Our natural resources cannot last forever, as consumption increases resources will decrease and become more expensive.

We would still have reasonable prices if the government didn't tax petrol to the hilt.

Re: The price of Oil
 

thats where much of the oil is going as entwi said china and the developing countries out that way,and not just the oil- the INDUSTRY.

Re: The price of Oil
 

How will the terror master fund their actions without the link to oil simple make it a damn sight more expensive they know the west relies on it. Economic warfare and bombings the blight of or lives

Re: The price of Oil
 

its frightening to contemplate what will happen as oil supplies go down to the lower levels.

Re: The price of Oil
 

they have been developing cars that can run on alchol or water for years its only now petrol companies are saying they are working on it

makes you wonder how long ago they could have made engines run on other fuels but chose to keep making money of petrol etc

also..

if a car is running on alchol could you be in trouble for drink driving...?

Re: The price of Oil
 

Well i know that a new oilfield has been discovered off the coast of Africa.Esso bought one of the biggest refineries in the world and closed it down.Thus not enough petrol could be produced automatically pushing up the price. B.M.W have developed a car that runs on Liquid Hydrogen but there are only 4 petrol staions in the whole of Europe.
The car industry are making more lighter cars from Aluminium, A2 The new XK Jaguar,Audi le mans and the new Audi TT.
Mercedes have developed a car with only half the emissions as normal.Honda have a car that is built from recycled materails.
The will is there from the car industry but Governments in Europe are not backing it financially.Instead they just up the car tax on older cars

Re: The price of Oil
 

LPG is 42p per litre down here, so you're getting it cheap, Entwisi.

I put some petrol in my bike yesterday at 86.9ppl, which is cheaper than T Wells, where it is around 89/90ppl.

Re: The price of Oil
 

Sorry to burst your bubble on the United Arab Emirates, http://www.uae.gov.ae/Government/oil_gas.htm but the chance of them running out of oil in the next 6 years is not going to happen, they have oil reserves to last over 150yrs and haven't even started pumping on 17 fields which will produce about the same amount as Saudi does. The building of hotels etc has been going on for about 20yrs but the major big buildings have only just been built in the last 7yrs. All buildings are given a 10yr life then they are reassed for structual integrity, so a beach property that needs to be pulled down can be replaced by a hotel, a new road that is built wasn't there 5years ago so they then put a new shopping mall up.
Saudi and the UAE are different countries and have different ideas about how they interpret the Koran so Saudi will never allow tourism in fact even if you work there you need to get permission to travel outside the city you work in and that includes going to the desert for a picnic or wadi bashing in a 4x4, where as in the UAE you can travel where you want, you can drink and women don't have to wear the vail or cover there faces you can dress how you like just a little more conservative then you would in the UK.
The difference on petrol prices is that in the UK its controlled by the goverment in the USA its controlled by the oil companys hence the difference in price.

Re: The price of Oil
 

LPG is available at under 30p/litre at some morrisons. Round here its 38 at Shell/Bp etc garages