Record petrol prices thanks to Labour's Krazy Keynesian Policies

Mr_Mumble

Lead story in the Telegraph tomorrow about record petrol prices:



The last tax hike was on January 1st (4th in 15 months - and look at all the potholes on the roads!). The price of oil in US dollars is back below $80 tonight, the recent spike was below that of early January and prices are similar to those of last October and November. Its not as if retailers can increase margins either, selling petrol is a savage non-profit activity with all the independents dying out as supermarkets are happy using petrol as a loss-leader to attract custom and oil majors enjoy their upstream profit.

So, why the hike in petrol prices?

Doh! The collapse of Sterling is responsible, and, why has Sterling collapsed?

FT Alphaville -Sterling is definitely Tory

The vast majority of market participants think a Conservative win is positive for Sterling. Markets want an end to the spend, spend, spend, Keynesian lunacy that the Lib Dems and Labour wish to inflict. The same voodoo economics that kept Britain relatively impoverished in the post-WWII period compared to the US, Germany and Japan.

How will record petrol prices - to keep the quangocrats, NHS managers, Blunkett bobbies, ethnic diversity officers, football coordinators, environmental advisers, et al in jobs - lead to "growth"?

Even the EU has had enough. The lead stories in The Times and Guardian tomorrow along with the current top news story at BBC online:

The Times - Curb your spending, Brussels tells Gordon Brown

Guardian - Labour under pressure as Europe tells Britain: Cut deficit faster, deeper

BBC - Budget 2010: EU calls for faster UK deficit cuts

Savage public sector kuts are now needed to placate the EU and kurrency markets. Anything less and the fall in Sterling will lead to kommodity prices spiraling out of kontrol, the nightmare of stagflation - the 1970s kreation of the last lot of krackpot Keynesians - will be back. :eek:

smamst

I just hope that horse out in front is Dunguib, I'm going to lose a packet on the race tomorrow otherwise.

matbe

Why all the K s are you a Klukker?

zappahey

I guess a headline like "Fuel prices amongst the cheapest in Europe" doesn't fit the agenda?

http://www.theaa.com/onlinenews/allaboutcars/fuel/2010/february2010.pdf

vivatifosi

zappahey wrote: »

I guess a headline like "Fuel prices amongst the cheapest in Europe" doesn't fit the agenda?

http://www.theaa.com/onlinenews/allaboutcars/fuel/2010/february2010.pdf

Maybe, but petrol round here is already on a par with many of those countries (granted it could have gone up there in March too) and may well sail past them once the new duties are raised on petrol in the new tax year.

zappahey

vivatifosi wrote: »

Maybe, but petrol round here is already on a par with many of those countries (granted it could have gone up there in March too) and may well sail past them once the new duties are raised on petrol in the new tax year.

It certainly has. Here in Belgium it is now €1.46 per litre for unleaded, which works out at around £1.33.

abaxas

smamst wrote: »

I just hope that horse out in front is Dunguib, I'm going to lose a packet on the race tomorrow otherwise.

Currently evens at Willhills. However you might not get your full stake on, it's too good a price!

Sir_Humphrey

Well, had the government not intervened to prevent economic collapse then petrol would have been cheaper, 'tis true.

abaxas

Sir_Humphrey wrote: »

Well, had the government not intervened to prevent economic collapse then petrol would have been cheaper, 'tis true.

But they caused it.

What next, councelling for rape victims by their attackers?

HammerSmashedFace

Just saw this on the news, unfortunately this is the new reality, any growth in the world's economies will see a corresponding rise in fuel prices. Make no mistake we are heading for a nightmare scenario over the next 10-15 years.

The situation will deteriorate very quickly, remember the fuel protests in 2000 ? We went from everything being hunky dory to panic, queues around the block at petrol stations and most worryingly empty food shelves within a week.

And just like an asteroid heading towards earth, the masses will not be told about it until you can see it for yourselves by looking up in the sky. The simple reason for this is to avoid panic and hysteria until the very last minute.

amcluesent

>the masses will not be told about it until you can see it for yourselves<

I think the USA/Israeli strike on Iran's nuclear plants will be the wake-up call. There's a lot to be said for selling your petrol/diesel car now and getting a Toyota Prius while prices are depressed due to bad PR

>Make no mistake we are heading for a nightmare scenario over the next 10-15 years.<

The Long Emergency: Surviving the Converging Catastrophes of the 21st Century

http://www.howitends.co.uk/2-the-future.php