Petrol prices

[Millietant]

I really don't think any of the major oil companies will suffer in the long term - while the price of crude is less than half of what it was, the price of fuel for us has gone down less than 10%.


So who are the ones keeping the missing 40% - oh, that must be oil wholesalers - and well FOC me if they aren't all owned by the oil companies themselves.


Seriously, this is just a springboard to the future £2 a litre fuel cost in Europe. After all the oil companies crying wolf about plunging profits, despite pump prices coming down so much more slowly than crude prices, as soon as the crude price goes back up, you can bet pump prices will fly up immediately.


Don't think the current cheap prices are here to stay, the oil companies are used to playing the long game, and if we're all happy paying £1.20 a litre when oil is $60 a barrel (for a couple months), when it's back up to $120 a barrel our fuel will be over £2 a litre and the oil companies will be creaming it in again for another 10 years. The current situation is a drop in the ocean for these boys and an "investment" in much bigger, longer term, profits for the future.


Remember, when the pump prices go down slowly, but up quickly, there's only ever one winner.


My advice - enjoy it while you can, coz we're all gonna be FOC'd again in the future.

[VNA - BMW Wank]

Okay I brought this on myself,

Aye

Would certainly hurt an independent Scotland.

It's hurting the UK, and could inflict long term damage.

Maybe this has already been raised......

But the price of oil is controlled.  It's primarily controlled by the USA and Saudi.

Now we have been treating Russia with disrespect for the last couple of decades.  The big bear has been pushed into a corner.  It's come out fighting and taken Crimea and destabilised The Ukraine, and of course committed the crime of shooting down a Western Commercial flight.  Pretty crazy scary stuff.

So perhaps the USA and Saudi are bringing the bear to it's knees.  In the process Scottish oil might well be wiped out and the UK economy utterly wrecked, or maybe there are contingency plans to protect key allies.

But don't forget what happens when you keep pushing the bear into that corner.  Russia is a power, a nuclear power to be reckoned with.

Just a wee thought.

[VNA - BMW Wank]

when it's back up to $120 a barrel our fuel will be over £2 a litre and the oil companies will be creaming it in again for another 10 years.

How does that figure?

[JoeRock]

Okay I brought this on myself,

Aye

Would certainly hurt an independent Scotland.

It's hurting the UK, and could inflict long term damage.

Maybe this has already been raised......

But the price of oil is controlled.  It's primarily controlled by the USA and Saudi.

Now we have been treating Russia with disrespect for the last couple of decades.  The big bear has been pushed into a corner.  It's come out fighting and taken Crimea and destabilised The Ukraine, and of course committed the crime of shooting down a Western Commercial flight.  Pretty crazy scary stuff.

So perhaps the USA and Saudi are bringing the bear to it's knees.  In the process Scottish oil might well be wiped out and the UK economy utterly wrecked, or maybe there are contingency plans to protect key allies.

But don't forget what happens when you keep pushing the bear into that corner.  Russia is a power, a nuclear power to be reckoned with.

Just a wee thought.

You do know the UK is a net importer of oil right? Therefore if the price drops low, we'll save money (at least on oil) as we can just buy it cheaper than we can make it?

[JoeRock]

I really don't think any of the major oil companies will suffer in the long term - while the price of crude is less than half of what it was, the price of fuel for us has gone down less than 10%.

And the sole reason for that is because the vast amount that we pay on fuel isn't the cost of fuel, its in tax!

[VNA - BMW Wank]

You do know the UK is a net importer of oil right? Therefore if the price drops low, we'll save money (at least on oil) as we can just buy it cheaper than we can make it?

So where does Osborne get all those billions of quids worth of north sea oil tax he will lose.  What do we do with the 10,000's out of work when our oil industry shuts down.

So Joe do you take my point that the price is controlled?

And if so, why has it been dropped to 60 dollars a barrel.

Is there a new cold war, and the latest weapon is oil. 

[lew600fazer]

The only thing I brought on myself was you getting on your soap box again talking a load of shite about scottish independance.

Scotland would be up shite creek now without a paddle, go on have a referendum now and see how it would pan out.

[slappy]

The only thing I brought on myself was you getting on your soap box again talking a load of shite about scottish independance.

Scotland would be up shite creek now without a paddle, go on have a referendum now and see how it would pan out.

Please lew, stop poking vna for focs sake, I am sick of hearing about Scotland from him, and as I was born in Ayrshire that takes some doing.

[VNA - BMW Wank]

The only thing I brought on myself was you getting on your soap box again talking a load of shite about scottish independance.

Yes you started it Lew, and seeing as you are unable to address the substance of the debate, well it appears I finished it.

Got anything constructive to say Lew.........................

[noggythenog]

I think the off shore industry is just jumping on the bandwagon here about oh dear hard times bla bla bla.......my heart bleeds purple piss for them.


It will just be an excuse to trim off a bit of excess festive fat that's all.......less perks, wage freezes, cheaper pies in the canteen.


Big companies love shit like this happening because then it justifies anything without them being directly blamed......"oh sorry boys, no bonus this year because we're below budget" and then pleading poverty......well they managed to still make billions the last time oil was this low.....sure as foc they will now......what they mean is below budget and not as much as they'd "like" to make.........well....i sure would like a 10% wage rise this year but i wont get it....just because i dont get it doesnt instantly mean that i am skint....far from it.


& who cares.....the oil will still be there....... Then eventually it will come to the surface whether it is this genaration or the next that brings it up.

[lew600fazer]

Nothing more to add VNA pretty obvious that others are tired of it now so well done you. Just keep an eye on the Loyalist thugs you mentioned , your lot keep stirring the pot you may just start something that you will have extreme difficulty in stopping, remember it will not be like a Rangers v Celtic match.

[slappy]

The only thing I brought on myself was you getting on your soap box again talking a load of shite about scottish independance.

Yes you started it Lew, and seeing as you are unable to address the substance of the debate, well it appears I finished it.

Got anything constructive to say Lew.........................

You didn`t finish it you just bored the foc out of everybody.

[VNA - BMW Wank]

Nothing more to add VNA pretty obvious that others are tired of it now so well done you. Just keep an eye on the Loyalist thugs you mentioned , your lot keep stirring the pot you may just start something that you will have extreme difficulty in stopping, remember it will not be like a Rangers v Celtic match.

Lew you started it, not me.   I did not raise the subject - you did.   If you wanna slag off Scotland, I will step in and defend my country - simple.

Oh I see, those who believe in social justice and democracy shouldn't stir the pot in case we upset some thugs.  Let the thugs rule is it Lew?  I don't think so buddy.  But of course we've already covered that Lew, haven't we.  Repeating the same lies again and again Lew wil not make em come true. 

You didn`t finish it you just bored the foc out of everybody.

If you don't like it Slappy, then tough.

[slappy]

Its not that I don`t like it, but politics are even more boring than another " what tyre should I get" thread.
Every time time Lew pokes you, which he does on purpose, you rise to the bait.If you ignored him you would probably feel a bit calmer.

[noggythenog]

Remember Lew & VNA.....this is an open forum........santa will be watching.


We'd hate for yous not to get that pair of Homer Simpson socks you've been hoping for

[VNA - BMW Wank]

Its not that I don`t like it, but politics are even more boring than another " what tyre should I get" thread.
Every time time Lew pokes you, which he does on purpose, you rise to the bait.If you ignored him you would probably feel a bit calmer.

Slappy it's a political thread.  How can you discuss the price of oil and petrol without getting into politics.  And then of course some sad foccers like me live and breath politics

Look Lew bates me, I know, I take the bate and he gets huffy over the result.  And I am perfectly calm, got much bigger things to worry about than silly banter on an internet forum, it's just a bit of fun.  Post 51 I tried to move it on and away from Scottish politics (in response to Lew post 49) but Lew insisted on slagging Scotland again.

Remember Lew & VNA.....this is an open forum........santa will be watching.

Bugger is it not 2015 yet?

[lew600fazer]

Lew gets huffy, VNA Lew has been taking the piss out of you all along mate.
So there will be no thugs on the Yes/Republicain side then??

[Hedgetrimmer]

I've got it! This is the new "last to post wins" thread? 

[VNA - BMW Wank]

Lew gets huffy, VNA Lew has been taking the piss out of you all along mate.
So there will be no thugs on the Yes/Republicain side then??

Lew there is no "Yes/republicain" side as you put it. 

[VNA - BMW Wank]

I've got it! This is the new "last to post wins" thread? 

Does that mean I'm winning then?

[red98]

No                      

[VNA - BMW Wank]

Foc u yes I am!

[Hedgetrimmer]

[VNA - BMW Wank]

It's foccin mine.

[darrsi]

Its not that I don`t like it, but politics are even more boring than another " what tyre should I get" thread.
Every time time Lew pokes you, which he does on purpose, you rise to the bait.If you ignored him you would probably feel a bit calmer.

I wonder what tyres politicians buy?