Quote:
Originally Posted by Nick Goodall
Yeah the tax is really OTT but the profits that most of the Oil companies is still through the roof and breaking records every year so something is obviously still not right.....
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Indeed, but you have to understand - even if they reduced their prices by something relatively massive - say 25%, the cost of fuel at the pump would not change by anything like that amount.
The cost of oil is ramping because of many factors, speculative trading being one of the nastier ones plus increased demand from other countries. Basically, there isn't enough to go round so we will have to get used to it.