Scary Stuff.... Oil currently at $106.95

whatyadoinsucka

Jonbvn wrote: »

OPEC have much less control over the price than you probably think.

With riots in several large producing countries, what is happening is obviously not related to OPEC. Furthermore, with a suggestion of considerably less reserves in Saudi POO is only headed one way.

OPEC still play with output when oil prices fall to keep it steady, at the moment yes north Africa is a real issue but other OPEC countries could raise volumes, not that OPEC would want to as high prices are good .. It's also the Market speculators, would stopping All derivatives trading of this key commodity make a difference

B_Blank

Time for the hypocritical MP lot to end all this green rubbish. That can wait for when we arent coping with the biggest recession (and most unsure rebound) in our 150 years as a true democracy. End the massive tax on fuel and scrap trident and pull out of afghanistan.

Funny how the MP lot force this green issue on us, when most of them are about 60 years old and are the reasons why we are in such an environmental pickle. Their straegy was make what they can, get rich and then lecture us young people on the need to be green. Sounds a bit like government economic policy by the baby boomers where they all vote for making themselves rich (because they decide every election cos there are billions of them) and then the country is screwed when they retire by they always voted themselves massive pensions.

Bullfighter

B_Blank wrote: »

Time for the hypocritical MP lot to end all this green rubbish. That can wait for when we arent coping with the biggest recession (and most unsure rebound) in our 150 years as a true democracy. End the massive tax on fuel and scrap trident and pull out of afghanistan.

Funny how the MP lot force this green issue on us, when most of them are about 60 years old and are the reasons why we are in such an environmental pickle. Their straegy was make what they can, get rich and then lecture us young people on the need to be green. Sounds a bit like government economic policy by the baby boomers where they all vote for making themselves rich (because they decide every election cos there are billions of them) and then the country is screwed when they retire by they always voted themselves massive pensions.

"End the massive tax on fuel and scrap trident and pull out of afghanistan."

I agree, however to be fair, those are hardly 'Green' issues...

B_Blank

Bullfighter wrote: »

"End the massive tax on fuel and scrap trident and pull out of afghanistan."

I agree, however to be fair, those are hardly 'Green' issues...

Yeh but the reason to tax petrol is a green issue. They probably couldnt stop taxing it without leaving a hole in finances. So they could just pull out of afghanistan and scrap trident to compensate.

Kohoutek

B_Blank wrote: »

Yeh but the reason to tax petrol is a green issue. They probably couldnt stop taxing it without leaving a hole in finances. So they could just pull out of afghanistan and scrap trident to compensate.

Why not tax petrol and diesel? The UK is no longer self-sufficient in oil and never will be again. A high price encourages efficiency and the development of alternatives.

PasturesNew

£1.30 at my local petrol station for unleaded (I use diesel and that's a bit more). Watching my on-dash-computer-thingy-whatsit, I consistently get 58mpg.

I bet caravanners to Cornwall this summer will opt instead for north Devon and save themselves 300 miles of towing a caravan and getting about 20mpg from it.

lilac_lady

PasturesNew wrote: »

£1.30 at my local petrol station for unleaded (I use diesel and that's a bit more). Watching my on-dash-computer-thingy-whatsit, I consistently get 58mpg.

I bet caravanners to Cornwall this summer will opt instead for north Devon and save themselves 300 miles of towing a caravan and getting about 20mpg from it.

The highlands and islands of Scotland will have no tourists this year!

PasturesNew

lilac_lady wrote: »

The highlands and islands of Scotland will have no tourists this year!

Don't you go to each others'?

Round here people book a caravan holiday just 30-40 miles from their house. Seriously mental imho. I can understand those with caravans driving around the county to somewhere different, but it seems a bit mad to book a cottage/caravan for a week when it's just down the road from your house.

Jonbvn

whatyadoinsucka wrote: »

OPEC still play with output when oil prices fall to keep it steady, at the moment yes north Africa is a real issue but other OPEC countries could raise volumes, not that OPEC would want to as high prices are good ..

If only it was that simple. It is not like turning up your central heating.

AD9898_2

whatyadoinsucka wrote: »

OPEC still play with output when oil prices fall to keep it steady, at the moment yes north Africa is a real issue but other OPEC countries could raise volumes, not that OPEC would want to as high prices are good .. It's also the Market speculators, would stopping All derivatives trading of this key commodity make a difference

If only it were that simple, high prices are not particularly good as this destroys demand. You only have to look at what not long ago, demand destruction took the price down to $35.

We are on a 'saw tooth plateau', economies contract then grow a little, contract and grow a little etc.. as the price fluctuates. We've seen it over the last 4 years.

Production as peaked, we will be on the plateau for approx 5-10 years, if in that time an alternative has not been found and globally scaled, economies will start to fail as we start the inexorable slide off the peak production plateau.