Quote:
Originally Posted by Lee
There is not a shortage of oil, at the moment most platforms run at about 50-70% capacity. Why create an excess of oil when you can keep the price of oil high by keeping it a supply and demand situation  |
I was reading somewhere that about 25% of the price of a barrel of oil is dictated by speculation on the international marketplace.
Even if the reserves are still plentifull, prices aren't going to drop as consumption hasn't gone down significantly since the price increses of the last months. If anything they are going to be rising further. In Germany now the most I've seen it at was 1.60€ per litre, which works out at 1.27quid.
And we still drive everywhere and don't form carpools and don't use the bike like everyone says when the prices rise again.
I don't know how many times I've said I'd quit smoking at the next price increase and I'm still at 20 odd cigs a day.
I'm off down the halfmile to the shops in my car to buy a single packet of fags...
ARGHHH
