Petrol Prices (answer)

[Chrislong]

Originally Posted by B44&501xRacerEX

Jesus!! Id just stay home, or ride a bike.

Tell me 'bout it Meg, its bad, I tried doing both to save double the money but it didn't help.

[Chrislong]

Originally Posted by B44&501xRacerEX

So basically your paying double what we are.....craziness

Mal, its 2.25 time more expensive for us!
Yes, its nuts. agreed.

[B44&501xRacerEX]

It's surprized me why electric racing is more popular in Europe than it is in the USA.
OMG I cannot stand Nitro!! Electric is faster and always has been, and it's more safe to the enviroment.

Id imagine since there is a nitro methane shortage here, that fuel there would be insane.
It went up to $45 dollars a gallon here. Glad I just run electric.
They shut down the USRA dragsters because of this.

[SlowOne]

Originally Posted by B44&501xRacerEX

Jesus!! Id just stay home, or ride a bike.

No wonder this thread was created.....my word....
So basically your paying double what we are.....craziness

But... our cars do double the mileage of US cars, and more. So, to get from A to B, we pay about the same.

[cjm_2008]

I don't think many people realise just how close we are to total meltdown.

the governments of the US and the UK daren't admit that we've reached peak oil - and the stuff that's still in the ground will cost an absolute fortune to refine. the OPEC countries will keep the last of the good stuff for themselves. a close friend of mine works in the oil surveying industry and gets a lot of inside info... but this isn't isn't a particularly well kept secret.

the fact that this has been coming for a very long time makes governmental incompetence even more annoying! if funding was ploughed into alternatives to fossil fuels, we'd have a viable alternative to use by now. but it's a catch 22 - our government relies on the motorist to prop up the benefit system.

this is a bit deep for an RC forum but it vexes me

[Lee]

Not entirely true.

I agree that the government relies on the motorists to pay for the benefit sysetm. But there is still a lot of oil in the north sea alone. There is also a huge amount of Black gold around russia CIS, Kazakhstan, azeri, not to mention up north around the arctic circle.
According to a major oil company i worked for last year there is as much oil in the north sea now as they thought they had back in the 70`s. Granted, its not as easy to get out as there is less pressure down there now. but there are ways to raise the pressure and make the baby gush

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

[sparrow.2]

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

[cjm_2008]

Originally Posted by Lee

Not entirely true.

I agree that the government relies on the motorists to pay for the benefit sysetm. But there is still a lot of oil in the north sea alone. There is also a huge amount of Black gold around russia CIS, Kazakhstan, azeri, not to mention up north around the arctic circle.
According to a major oil company i worked for last year there is as much oil in the north sea now as they thought they had back in the 70`s. Granted, its not as easy to get out as there is less pressure down there now. but there are ways to raise the pressure and make the baby gush

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

even if there is still oil out there - which there is, without a doubt, don't you think that we - and those in charge - should be doing as much as possible to wean the economy off fossil fuels?

it's going to run out soon (in our lifetime). if something isn't done, we'll find ourselves in a mad max film.

it's pretty bonkers that a lot of us have our lives built almost entirely around the availability of a tin box, propelled by controlled explosions in a smaller tin box, fuelled by black sludge produced over millions of years of heat and pressure.

[Lee]

I last heard that there was 200+ years of oil left, and that is what we know about. I really wouldnt believe the press or even so called experts on the news. Its all a form of marketing and keeping the prices high.

There is also a lot of money being invested in nuclear energy, 6 power stations will be built over the next 20 years. Then there is the wind farms that are being built all the time.

I really wouldnt worry about running out of oil, we will never see it happen neither will our kids or theirs.

[_JP_]

the answer is to steal it!

Well I'm surprised more and more petrol thefts aren't common
I guess when people start having number plates stolen we will know whats coming next.

[SlowOne]

Originally Posted by cjm_2008

I don't think many people realise just how close we are to total meltdown.

the governments of the US and the UK daren't admit that we've reached peak oil - and the stuff that's still in the ground will cost an absolute fortune to refine. the OPEC countries will keep the last of the good stuff for themselves. a close friend of mine works in the oil surveying industry and gets a lot of inside info... but this isn't isn't a particularly well kept secret.

the fact that this has been coming for a very long time makes governmental incompetence even more annoying! if funding was ploughed into alternatives to fossil fuels, we'd have a viable alternative to use by now. but it's a catch 22 - our government relies on the motorist to prop up the benefit system.

this is a bit deep for an RC forum but it vexes me

I can't agree with this on so many levels, and tend to agree with the posters that followed.

The Governments don't have to admit to something that isn't true - there is oil in the ground. The refining capacity is an issue, so even if it was pumped out, there might not be enough capacity to refine it.

This is not Government incompetence, it is our incompetence! We have not done anything to change our behaviour in the near-40 years that this has been known. In 1975, they said there would be no oil by 2000. In 1995, they said there would be no oil by 2010. The fact is we don't know the truth, and anyway, the truth is that truth depends on where you are sitting looking at things at the time.

OPEC countries have no intention of keeping anything to themselves. They don't want high oil prices, because then it means that alternative fuels become more viable, and alternative fields (Alaska, Bearing Sea, deep North Sea, etc.) become viable too. They have striven for years to keep oil prices affordable so we wouldn't go down those roads.

The tax revenues from North Sea oil was spent by the Thatcher Government on income tax cuts for the rich. Now that revenue stream has dried up. Those taxes have to be replaced. The last Tory Government peaked at 42% of GDP taken in tax, and this Government has only just reached the same figure. You can only raise moeny from people who have it - what else would you tax if not motoring? Do you want your basic rateof tax to be 35% (to replace the motoring taxes added by this Government. Get real!! The tax we pay has to go up because the revenue streams from North Sea oil taxes are drying up - get used to it.

The remedy lies with us. Governments are fundamentally incompetent, so how do you think they are going to suddenly become clever and get us out of this? You can't call them stupid and then expect them to solve the problem. The answer lies with us, and the sound ideas the posters above are talking about. Do something - stop bleating like a victim.

[Lee]

SlowOne you are correct apart from one point, the north sea oil has not dried up, it is just more expensive to get it out nowadays plus the tax charged by the government forces the bigger companies like BP and Shell to go as far as russia and retreive it. It is actually cheaper to build a new field of platforms in CIS and pump it back than use the existing platforms in the North sea.

That tells me that the government is seriously in trouble when options like this become cheaper

[Northy]

Mr Jm Dixon knows why fuel is so much, ask him next time you see him

G

[Lee]

I think i know what his answer will be

[bigred5765]

is it to rude for here,?

[nobby]

you should try my fuel costs.
monthly fuel cost 10 thousand pounds

govenment = robbing ba#~ards

[Lee]

Thats like Ishy`s running that Holden/Monaro


Totally agree on the 2nd point though. if they cut back on their 2nd homes etc then we could be better off

[Southwell]

I caught a top gear the other day. It was about 5 years old and the petrol was 80.9p a litre....

[nobby]

thats the companys fuel costs by the way.

fuel costs per truck per month have gone up almost one thousand pounds in the last six months.

[B44&501xRacerEX]

Originally Posted by SlowOne

But... our cars do double the mileage of US cars, and more. So, to get from A to B, we pay about the same.

Oh...I forgot european cars are more reliable than ours.