Thursday, Jul 19, 2007
Inflation, inflation, inflation!
Guardian Unlimited: Petrol hits £1 a litre with no end in sight to turmoil in the world's oil market Petrol hits £1 a litre with no end in sight to turmoil in the world's oil market Petrol hits £1 a litre with no end in sight to turmoil in the world's oil market Petrol
Motorists in parts of Britain were being forced to fork out over £1 a litre yesterday but can be expected to pay more soon as crude prices soared again to nearly $77 a barrel.
When will people pull their heads out of their collective rears are realise that this is no longer 'short term fluctuation'?
Weren't oil prices meant to have dropped back by now? Announcement from the ONS - 'we are removing energy prices from the 'basket' to reflect the fact that the average house is now heated by burning bank notes, which of course are in plentiful supply'
Posted by shipbuilder @ 07:46 PM (206 views) Add Comment
5 Comments
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1. Orwell said...
We need a war over there. It's obvious that they are just not behaving properly at all, and giving us cheap oil. Irrespective of the fact that new Labour have cut the armed forces funding by half in their term in office, its obvious that they will have to find more money on this front. When Gordon Brown becomes elected for a further five years, in November (before the whole lot falls down like a pack of cards, anyway).
Best run for the polls mate!
2. Orwell said...
Looks like interest rates could go up by half a percent in August or September. This would leave the Bank of England with a further option to raise by a quarter percent before Christmas (in the run-up).
3. sovietuk said...
Oh dear everything is going pear shaped. Now really the value of money in people's pockets has got to be protected. Well there is only one thing for it - raise interest rates again. Why not make it 0.5% this time and be done with it? Bring it on !!!!!!!
4. Jolo said...
Don't worry if this is the case the MPC will just take oil out of the equation.....Until oil eventaully comes back down then they can re-include it in the CPI. Unless oil becomes like UK houseprice's and never comes back down.
5. enuii said...
One can quite easily offset rises in petrol/diesel prices by driving slower and reduce your CO2 emissions as well in the process. Driving at 65MPH rather than 70MPH on the motorway will typically save around 8% fuel. Sticking with the speed limited trucks on the inside lane a listening to some excellent music can return even greater savings of around 30% or more depending on type of car/vehicle.
There are many other advantages to driving slowly besides the ones listed above and include:-
1) Reducing the amount of cash the NeoLabor get via tax
2) Arriving at your destination chilled out and relaxed
3) Pissing of the Black BMW/AUDI brigade
4) Being able to admire the Laydees
5) Looking at For Sale signs on BTL properties
6) Having a clear road in front of you
Try it, save money and spend it on something nicer than diesel/petrol!