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OzzMosiz

The Price Of Petrol

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I've been seeing a LOT of stations now pricing petrol at 99.9p.

Its ok though. Inflation is only 2.5% :unsure:

It will be soon time to use the small independants whos old equipment wont go over 99.9p a litre!! when the price goes above £1.00 a litre at the big boys stations which will happen in the next couple of weeks if israel dont pull back

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just dont buy it then you idiot!

They won't pull back. They have been choking for an excuse for a long time. Here they go. They seem to have the worlds last Superpower in there pocket (America) so they aren't going to be short of the odd piece of military hardware.

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I've been seeing a LOT of stations now pricing petrol at 99.9p.

Its ok though. Inflation is only 2.5% :unsure:

Just think, if you're on the minimum wage it's at least a days wages to fill the car up!

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Just think, if you're on the minimum wage it's at least a days wages to fill the car up!

Good point. Also, with Gas going up AGAIN, purse strings are gonna get tight!

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Demand and supply I'm afraid. Global production has actually fallen slightly this year - not encouraging. Demand destruction is going on but not on a road near you. It is the Third World that is acting as the shock absorber for the time being.

What will happen? Don't know. Peak Oil has a funny politic, in that the folk who are best placed to tell us when the peak might occur are the least inclined to do so, for commercial reasons (follow the money.. who are CERA's clients?)

The government is squeezed on this one. If they cut taxes, fuel consumption will go up while our oil production is in decline, so the Trade Balance goes to pot (is going to pot). If they don't cut taxes, the Fatted Masses get restless.

The peak in global oil discoveries was more than 40 years ago. We have been living on borrowed time since then, without many of us (including me until about a year ago) being aware of it. How much time have we?

Other emerging issues are Peak Grain and Peak Water. It's all coming together.

May you live in interesting times... but survive.

Edited by malco

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till the people get togeather and demand a cut in petrol tax it will just carry on as it is.

Bush and his thugs want to drag Iran and Syria into a war and then they will have just about all the worlds oil under their control and don't think this will bring prices down, 9/11 was not done for that reason but to make the Bush's and Saudi Royal even richer.

Are you enjoying the new world order

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Demand and supply I'm afraid. Global production has actually fallen slightly this year - not encouraging. Demand destruction is going on but not on a road near you. It is the Third World that is acting as the shock absorber for the time being.

Key to the situation is Saudi Arabia, the one oil producer which economic models always assume can increase output and provide the world with cheap, abundant oil. UK Gov't totally 'buys into' this view judging by some of the replies to constituents' concerns from Malcolm Wicks and others in Gov't - they don't anticiapte peaking of global production until after 2030. The question we all need to be asking is 'what if Saudi Arabia can't raise output from here and what if they can't even maintain current production levels for much longer?'

The following is a Hubbert linearization plot (i.e. plot of 2 known quantities, annual production v cumulative production) for Saudi compiled by a group of independent geologists. It shows the province as being 58.1% depleted as at end of 2005. If correct there is plenty to concern oil consuming economies as no oil producers have ever been able to increase output from such a level of depletion and sustain the extra output.

145149302_924470eaa7.jpg

Edited by zceb90

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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