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jason cole
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PostPosted: Fri Oct 17, 2008 1:47 pm 
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grandad wrote:
BBC breakfast today reported that oil was below $70 a barrel!

Maybe so, but (right now) futures are still over $70:

http://www.nymex.com/lsco_fut_cso.aspx

https://www.theice.com/marketdata/settl ... Results.do

...and notice how the percentage change is different for each month in advance, as I pointed out before; futures price trends are different to spot price trends.

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grandad
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PostPosted: Fri Oct 17, 2008 2:39 pm 
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jason cole wrote:
grandad wrote:
BBC breakfast today reported that oil was below $70 a barrel!

Maybe so, but (right now) futures are still over $70:

http://www.nymex.com/lsco_fut_cso.aspx

https://www.theice.com/marketdata/settl ... Results.do

...and notice how the percentage change is different for each month in advance, as I pointed out before; futures price trends are different to spot price trends.


You can dress it up how you like but oil is still half the price it was in the summer.

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gusmac
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PostPosted: Fri Oct 17, 2008 4:57 pm 
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Location: Aberdeen
grandad wrote:
jason cole wrote:
grandad wrote:
BBC breakfast today reported that oil was below $70 a barrel!

Maybe so, but (right now) futures are still over $70:

http://www.nymex.com/lsco_fut_cso.aspx

https://www.theice.com/marketdata/settl ... Results.do

...and notice how the percentage change is different for each month in advance, as I pointed out before; futures price trends are different to spot price trends.


You can dress it up how you like but oil is still half the price it was in the summer.


Enjoy it while you can. It may not last :cry:

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captain cab
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PostPosted: Fri Oct 17, 2008 5:50 pm 
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Sussex wrote:
agabbycabbie wrote:
Who knows why diesel is now dearer then petrol, when it was cheaper not so many years ago???

Because so many of us are using it now and the speculators wish to make money out of it. :sad:


Is it not the fact that the government tax derv more than petrol?

CC

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gusmac
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PostPosted: Fri Oct 17, 2008 8:14 pm 
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captain cab wrote:
Sussex wrote:
agabbycabbie wrote:
Who knows why diesel is now dearer then petrol, when it was cheaper not so many years ago???

Because so many of us are using it now and the speculators wish to make money out of it. :sad:


Is it not the fact that the government tax derv more than petrol?

CC
That explains about 2p of the difference. :sad:

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captain cab
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PostPosted: Fri Oct 17, 2008 8:22 pm 
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gusmac wrote:
captain cab wrote:
Sussex wrote:
agabbycabbie wrote:
Who knows why diesel is now dearer then petrol, when it was cheaper not so many years ago???

Because so many of us are using it now and the speculators wish to make money out of it. :sad:


Is it not the fact that the government tax derv more than petrol?

CC
That explains about 2p of the difference. :sad:


Every little bit helps, and I'm quite proud my 2p goes towards subsidising Scotland :wink:

CC

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gusmac
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PostPosted: Fri Oct 17, 2008 8:34 pm 
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captain cab wrote:
gusmac wrote:
captain cab wrote:
Sussex wrote:
agabbycabbie wrote:
Who knows why diesel is now dearer then petrol, when it was cheaper not so many years ago???

Because so many of us are using it now and the speculators wish to make money out of it. :sad:


Is it not the fact that the government tax derv more than petrol?

CC
That explains about 2p of the difference. :sad:


Every little bit helps, and I'm quite proud my 2p goes towards subsidising Scotland :wink:

CC


That was nearly funny CC.
Keep taking the pills, you'll be fine. :lol:

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captain cab
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PostPosted: Fri Oct 17, 2008 9:21 pm 
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gusmac wrote:

That was nearly funny CC.
Keep taking the pills, you'll be fine. :lol:


Only nearly....your 2p can go towards subsidising pensioners using buses, now that's funny! :D

CC

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