Re: petiot fuel prices...
 

So is there a big picture I'm missing out on or something?

Re: petiot fuel prices...
 

how do you mean?

Re: petiot fuel prices...
 

At the end of the day, fuel prices are based on supply and demand. Ok, theres the tax that we pay in the uk, but a barrel of crude is not as cheap as it was, and thats that. To generalise a little bit here, but it seems that since China started becoming this almighty productive nation, oil has slowly started to rise. China at the moment are bleeding the earth dry of its resources, making things more and more scarse. They are also one of the lagest, if not the largest poluting countries int he world.

So if you want to balme anyone, blame China!

As i said elsewhere, another 5p on a litre for me will make more financial sense to get the train to work. So, about a months time then :(

Re: petiot fuel prices...
 

All I can see right now is responding to increasing fuel prices with violence and terror. How exactly would that drive prices down without creating a full blown war?

Re: petiot fuel prices...
 

I wonder how long it wil be before the USA realise this and decide to go to war with china to stop it????

WW3 anyone??

at least it will keep me in employment right till the end.

Re: petiot fuel prices...
 

Oh, my bad, I thought we were talking about intelligent human beings. Sorry for that, must be because it's morning.

And actually the USA won't be going to war with China anytime soon... not when their whole economy is depending on them. Unless they can nuke them all in one fell swoop ;)

Re: petiot fuel prices...
 

Unfortunatly mate I have to agree. I think it is hightly likely that there will be some major conflict related to control of resources. And Russia holds the vast majority of the worlds natural gas supples, which will become far more important than oil as time moves on as a source of power generation. We already but a lot of gas from them, as does most of europe. Nuclear plants are a good 15 years from being fully up and running, and most coal fired stations are coming to the end of their lifetime - more demand for gas?

Re: petiot fuel prices...
 

Much as duty on fuel irks people it is a fact of life that has been around for years and inherited and carried on by subsequent governments of all persuasions.Therefore the government is not at fault for the present crisis. Maybe one should ponder how the economy will have it's cup refilled if the duty were reduced? Anyone for increase in personal tax?? Let's close half of the schools and hospitals,that should do it?

There is some fault caused by the scaremongering about supply and demand,the resource of course cannot sustain forever the increasing demand we place on it. The present dilemma is in part caused by the speculaters and traders with their paper trading deals. They make lots of cash whilst the end user eventually suffers from his pocket.

Instead of us alienating the Middle Eastern Nations, we should be courting them like never before. Just take a look at the reserves that OPEC have and where some 40+ % of the worlds oil reserves are, it's frightening. That is the key to all of this.

OPEC spokesman recently suggested that he cannot see why the present barrel price for crude oil should not be $60 to 70. It could simply be that he is being very mischievous and rubbing his belly as he chuckles as the non OPEC aligned nations struggle over this commodity.

Re: petiot fuel prices...
 

worryingly I think they have the capability!! :confused:

Re: petiot fuel prices...
 

not in political debate, but has anyone other then me actually signed the petition?