Are the government misleading us all about oil prices.....You MUST read this...

Herbie21

I know that this is not quite the right place to post this but it is relevant to debt problems etc.


Is the wool being pulled over our eyes ????

We are being told that the high price of oil is becuase of US prices etc and then we see the following press release today that states that:

A Major oil pipeline providing 30% of the Uk's daily output is to close tonight.

BP's Forties oilfield brings in 700,000 barrels a day from the North Sea.

In other words we are providing nearly a third of our entire oil supply from our own reserves in the North Sea........so why are we all paying so much ???????

Answers on a postcard please....

mech_2

Um. Why would BP sell oil to the UK market at a discounted rate if it could sell the same oil on the international wholesale markets for the usual rate?

moonrakerz

Herbie21 wrote: »

....so why are we all paying so much ???????

Tax, Tax, Tax and yet more Tax !

It's rather like the OFT enquiry into the supermarkets "fixing" the price of ciggies - couple of pennies a packet maybe ? - the Govt slaps a fiver on every packet ! nasty, greedy, grasping supermarkets.
Then of course, having bought them, you can't find anywhere to actually smoke them !!!

leedsfan_3

The global research website recently ran an article on this and concluded that the speculators are driving the price up with the collusion of the oil companies.

Or to put it another way, in the futures market, speculators are betting the price will go up, therefore it's in the interests of oil companies to stockpile and watch the price rise. There have been a number of recent deregulated exchanges which offer no oversight into this kind of conspiring.

This is completely criminal and this is what ologoply markets do, the cartels fix the price and yet never get punished.