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Oil Crisis
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Author:  Gateshead Polteguist [ Thu Jul 29, 2004 3:21 am ]
Post subject:  Oil Crisis
There is now a world oil crisis after top Russian company was told to stop sales by bailifs looking for payment of tax.

Opec seeking to service demand from china and USA are already producing at a 30 year high.

today oil hit reccord highs on world oil exchanges.

there is no forseable way out of this mess. we could be at a standstill by christmas.
Author:  Guest [ Thu Jul 29, 2004 7:03 am ]
Post subject:  Re: Oil Crisis
Gateshead Polteguist wrote:
today oil hit reccord highs on world oil exchanges.

Rubbish in the 70s oil was up to $75 a barrel. they are not even half that now.
Still send you story to Cab Trade News. :wink:
Author:  Gateshead Polteguist [ Thu Jul 29, 2004 2:07 pm ]
Post subject:  Re: Oil Crisis
Anonymous wrote:
Gateshead Polteguist wrote:
today oil hit reccord highs on world oil exchanges.

Rubbish in the 70s oil was up to $75 a barrel. they are not even half that now.
Still send you story to Cab Trade News. :wink:



well done stick your head in the sand..........

the markets ARE Reporting reccord oil prices and there is no sign of let up.
Author:  Guest [ Thu Jul 29, 2004 2:52 pm ]
Post subject: 
I don't need to stick my head in the sand, I deal with the real world.
The yanks would never let oil prices go that high again, and the Arabs need money more now than ever.
There is a current oil glut, and many poor nations in the old USSR would only be too pleased to sell more.
Both Nigeria and Venezuela are also desperate for the mighty dollor.
Now this doesn't mean oil wont go up, and we should still take care.
But the oil price will always be what we can afford.
because if it isn't then they wont have anyone to sell too. The problems are the oil companies and the speculators.
Sort them out and fuel will be a lot cheaper. :wink:
Author:  Guest [ Thu Jul 29, 2004 4:28 pm ]
Post subject: 
Don't read too many tabloid newspaper headlines.

Compared to the oil crisis in the 70s it is cheap in real terms and the rise won't devestate the world economy like it did then.

Of course we'd all like cheaper fuel, and rises might tip a few failing businesses over the edge (which would have failed anyway sooner or later), but the world won't stop revolving. Yet.
Author:  Gateshead Polteguist [ Thu Jul 29, 2004 6:59 pm ]
Post subject: 
Anonymous wrote:
I don't need to stick my head in the sand, I deal with the real world.
The yanks would never let oil prices go that high again, and the Arabs need money more now than ever.
There is a current oil glut, and many poor nations in the old USSR would only be too pleased to sell more.
Both Nigeria and Venezuela are also desperate for the mighty dollor.
Now this doesn't mean oil wont go up, and we should still take care.
But the oil price will always be what we can afford.
because if it isn't then they wont have anyone to sell too. The problems are the oil companies and the speculators.
Sort them out and fuel will be a lot cheaper. :wink:



GONNA WATCH YOU PAL.

you sound like another successfull failure.
Author:  jason cole [ Sun Aug 01, 2004 5:44 pm ]
Post subject: 
I don't believe prices are going to rise steadily upwards; what will happen is they will jump up and down, around a steadily increasing average. So they will probably be OK around Christmas time. This view is reflected in the book "Global Trends 2005".

I know I've said it before, but check out ASPO's site....

http://www.peakoil.net

and get a copy of "The Party's Over" by Richard Heinberg.

There was also an article called "the end of cheap oil" in a recent issue of National Geographic.
Author:  Guest [ Sun Aug 01, 2004 6:07 pm ]
Post subject: 
Also check this site out:

http://planetforlife.com/oilcrisis/index.html

It mentions the $75 per barrel figure mentioned earlier, but it's an adjusted figure meaning "$75 in today's money".
Author:  Sussex [ Sun Aug 01, 2004 6:55 pm ]
Post subject: 
I think the more people that panic about the oil issue, the more the speculators will up the price.

But what's the worst-case scenario for our trade?

Lets say that fuel doubles in price to £8.00 a gallon (£4.00 now). Your car does 30 miles to the gallon, and you get paid mileage for 18 of them (60%).

So that extra £4.00 will be met by simply increasing your rate by 22p a mile.

And remember that's the worst-case. :shock:
Author:  Guest [ Sun Aug 01, 2004 7:09 pm ]
Post subject: 
Sussex wrote:
I think the more people that panic about the oil issue, the more the speculators will up the price.

But what's the worst-case scenario for our trade?

Lets say that fuel doubles in price to £8.00 a gallon (£4.00 now). Your car does 30 miles to the gallon, and you get paid mileage for 18 of them (60%).

So that extra £4.00 will be met by simply increasing your rate by 22p a mile.

And remember that's the worst-case. :shock:



tut tut tut
Sussex, weve been telling the council for years that we needed 10% cos fuel had gone up 2P

suppose we will have to pay the ultimate penalty driving in Gatehead!
Author:  Nidge2 [ Sun Aug 01, 2004 7:25 pm ]
Post subject: 
Anonymous wrote:
Also check this site out:

http://planetforlife.com/oilcrisis/index.html

It mentions the $75 per barrel figure mentioned earlier, but it's an adjusted figure meaning "$75 in today's money".


Looks like red for me then :shock: :D :shock: :D :shock: :D :shock: :D :shock: :D
Author:  Guest [ Sun Aug 01, 2004 11:49 pm ]
Post subject: 
Hydrogen is an explosive gas.

Oxygen supports combustion.

now then Nige and Mick, what do you get when you add the two together?
Author:  Nidge2 [ Mon Aug 02, 2004 5:16 am ]
Post subject: 
Mixing Oxygen and Hydrogen is called agglomeration, mix the 2 together you have fuel for cars.
Author:  Sussex [ Mon Aug 02, 2004 8:44 am ]
Post subject: 
Nidge wrote:
Mixing Oxygen and Hydrogen is called agglomeration.

I thought it was called water. :?
Author:  Guest [ Mon Aug 02, 2004 1:38 pm ]
Post subject: 
Sussex wrote:
Nidge wrote:
Mixing Oxygen and Hydrogen is called agglomeration.

I thought it was called water. :?




RAOTFLMFHO


Water that puts out the fire
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