Stew Posted June 22, 2008 Share Posted June 22, 2008 Don't worry, Super Gord is here! He has 'urged' oil companys to produce more oil to try to reduce the fuel price...... where is the w4nk3r smilie........ Oh well if he has 'urged' them to do it it has to be a dead cert..... Far too little and far too late. When is he going to announce an election so we can kick labour out. Quote Link to comment Share on other sites More sharing options...
martinmac Posted June 22, 2008 Share Posted June 22, 2008 Still blaming the oil companys then Quote Link to comment Share on other sites More sharing options...
Stew Posted June 22, 2008 Author Share Posted June 22, 2008 Yep. The price oil oil has doubled. Ok, fair play. The tax is 70%..... He can do as many speeches as he wants, it's the operators governing body that won't up the quota. So government, slash some tax and we'll be happy..... Quote Link to comment Share on other sites More sharing options...
GIXXERUK Posted June 22, 2008 Share Posted June 22, 2008 Phew ! time to stop worrying and start spending, everything is sorted Quote Link to comment Share on other sites More sharing options...
H5 Posted June 23, 2008 Share Posted June 23, 2008 Prat. Quote Link to comment Share on other sites More sharing options...
nixy Posted June 23, 2008 Share Posted June 23, 2008 just managed to shake off my car sharer and it looks like I'll be asking her back now at this rate. Quote Link to comment Share on other sites More sharing options...
bobby Posted June 23, 2008 Share Posted June 23, 2008 you cant blame opec for sticking to their quota...they have a resource which is finite in terms of number of years left in reserve....if they want to preserve their quota...then so be it... there are plenty of non -opec exporters out there that the oil companies dont want to deal with due to political pressures.....the oil companies getting supply is not a problem..its the political pressure of which supply they can use etc. that creates shortages.. but road tax, fuel duty and VAT on fuel+duty totalling 70% of pump prices....what are they trying to do??? im goin to chop off my little finger and get on the dole....the way things are goin now...i can run the Z better than with a good job! Quote Link to comment Share on other sites More sharing options...
H5 Posted June 23, 2008 Share Posted June 23, 2008 They have upped production today and the price has still gone up. It is the market messing about with oil prices testing how far they can push the consumer. Not funny. Quote Link to comment Share on other sites More sharing options...
Renegade Posted June 24, 2008 Share Posted June 24, 2008 Maybe some good news on the horizon.Our american friends are on the move.This was posted on our gaming forum .They are going to make a new law WASHINGTON (MarketWatch) -- The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday. Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135. Fadel Gheit of Oppenheimer & Co., Edward Krapels of Energy Security Analysis and Roger Diwan of PFC Energy Consultants agreed with Masters' assessment at a hearing on proposed legislation to limit speculation in futures markets. Krapels said that it wouldn't even take 30 days to drive prices lower, as fund managers quickly liquidated their positions in futures markets. "Record oil prices are inflated by speculation and not justified by market fundamentals," according to Gheit. "Based on supply and demand fundamentals, crude-oil prices should not be above $60 per barrel." Futures trading in London has not been a major factor in rising oil prices, testified Sir Bob Reid, chairman of the Chairman of London-based ICE Futures Europe. Rising prices are largely a function of fundamental supply and demand, not manipulation or speculation, he said. "Energy speculation has become a growth industry and it is time for the government to intervene," said Rep. John Dingell, D-Mich., chairman of the full committee. "We need to consider a full range of options to counter this rapacious speculation." It was Dingell's strongest statement yet on the role of speculators. Quote Link to comment Share on other sites More sharing options...
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