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bozmandb9 Member Since: 06 Dec 2010 Location: Wallingford, Oxfordshire Posts: 1055 ![]() ![]() |
Just reading about how speculators are apparently 'determined to push to price of oil over $100 per barrel'. That will result in petrol price increasing to at least £1.30
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dan_uk_1984 Member Since: 12 Nov 2008 Location: Bude, Cornwall Posts: 4014 ![]() ![]() ![]() |
It's nice in theory - but I still have to go to work etc so not sure how I could limit the petrol I use. I could turn my FBH heater off I suppose. Then again, maybe not. |
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letsavit2 Member Since: 16 Oct 2010 Location: essex Posts: 854 ![]() ![]() ![]() |
i'm doing my bit by not using my petrol lawnmower... |
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bozmandb9 Member Since: 06 Dec 2010 Location: Wallingford, Oxfordshire Posts: 1055 ![]() ![]() |
I think it could work well, for example if enough people did it, just a 10% drop in demand for fuel could mean that the oil speculators could get severely hurt by a drop in the wholesale price, wouldn't that be lovely! Would only need to be for a week or so. In fact if the campaign got enough momentum it could succeed before it began since oil futures could drop just if the speculators believed the campaign could be successful. In these days of social networking I think it could work pretty well!
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Richcl Member Since: 23 Sep 2010 Location: Tewkesbury, Glos Posts: 1011 ![]() ![]() ![]() |
I'm doing my bit, cycling to work.
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Emperor Mong Member Since: 07 Jul 2010 Location: London Posts: 1435 ![]() ![]() ![]() |
It is all |
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bozmandb9 Member Since: 06 Dec 2010 Location: Wallingford, Oxfordshire Posts: 1055 ![]() ![]() |
What a load of b ![]() Secondly, what's this c ![]() ![]() If you don't like use of inefficient cars, then with all due respect what are you doing in a Range Rover forum? 2012 SDV8 Vogue SE |
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dan_uk_1984 Member Since: 12 Nov 2008 Location: Bude, Cornwall Posts: 4014 ![]() ![]() ![]() |
Can you write a letter to my boss explaining that every other Friday I'm not going to come in to work then? You will also need to write one to my mortgage company explaining why I cant afford to pay the mortgage. I don't pour petrol down the drain or spread it on the garden! I use 100% of the petrol I use - if I were to only use 90% of my current usage I would have to - not use the car? It's all very well and good - but back in the real world, where the gov takes 75% or whatever it is of that £1.30 they are the ones that need to be lobbied. Don't get me wrong I'm a conservative through and through, but where is the fuel stabiliser as pledged in their manifesto!? ![]() |
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comports Member Since: 20 Dec 2010 Location: Colchester Posts: 1762 ![]() ![]() ![]() |
No one else ever mentions the fact that with £1.30 per litre of fuel it's only really about 30pence that actually goes on the fuel itself. The rest is made up of taxes and VAT. Surely a better way would be to lobby the govmt to drop the fuel tax to reduce the cost..?
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comports Member Since: 20 Dec 2010 Location: Colchester Posts: 1762 ![]() ![]() ![]() |
Dan - we must have been typing at the same time..! (or did I take too long to think and write my post) |
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axle Member Since: 28 Oct 2007 Location: Perth Perth the end of the Earth Posts: 2964 ![]() ![]() ![]() |
Oh Dan you do make me laugh. 2008 MY Supercharged Rimini Red / Jet four zone climate remote park heater and no ugly kid windows. magnus satis quod turpis satis |
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Emperor Mong Member Since: 07 Jul 2010 Location: London Posts: 1435 ![]() ![]() ![]() |
Yes I do deny it. I've been in markets for almost 30years and pretty much every "news report" (on subjects that I completely understand) is pure rubbish. Therefore, I'd give about as much credence to what journalists are saying as I do to the Beano.
Er. You seem to have confused me with an eco-warrior. I am not. I don't have a carbon footprint - more a carbon supertanker-print. My point was that when a billion Chinese and a billion Indians start really consuming as we do, the price of oil now will look like the bargain to end all bargains (ask yourself why China has been steadily buying up strategic commodity supplies). What we need is to ensure that everyone in the world pays the sort of taxes we do here in the UK. Also, the UK is less than 2% of global oil consumption. Petroleum distillates are a sub-set of that. If UK motorists drop our consumption by 10%, it is the square root of feck all. If I were a speculator in oil (I am not and never have been), I doubt a potential 0.2% drop in demand would scare me when China are building two power stations a week to keep up with the growth in demand for electricity there. |
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Fox Member Since: 02 Apr 2010 Location: Essex Posts: 2313 ![]() ![]() |
Only £1.30p ?
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T24RES Member Since: 22 Nov 2010 Location: Henley-on-Thames Posts: 936 ![]() ![]() |
The Beano, is that not real life? Oh b |
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