Taxi Driver Online

Remember that any Company buying Oil on the Open Market, will first have to buy Dollars to pay for it.

So changes in the value of the US Dollar to the £1 Sterling are almost as important to the UK Price as is the Cost per Barrel.

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Don't dream it ~ Be it.

You forgot Morrisons £134.9 and Tesco £135.9
But yes BP are still dearer than the rest

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He's the slave of all slaves who serves none but himself.

Get your facts first, then you can distort them as you please.
Mark Twain

Alba Gu Bràth

Esso and Shell 135.9
BP still at 142.9
BP are keeping there prices high so they can pay for the YANK clean up, simple answer dont buy from BP, if your on any of the media sites FB twitter or others, just send it out dont buy from them

Shell always cheapest up here. 137/ltr at the mo and I collect the reward points which usually gives me about 20 quids worth foc every 3 months.
BP are always the dearest, surprised anyone buys from them.

Works out cheaper for me to go to the most expensive petrol station in town.
The expensive (independant) station charges 3p/litre more than the cheapest Tesco, but the fags are 50p a packet cheaper. So if I put 10 litres in and buy a packet of fags I'm 20p better off ! Even if I buy the cheaper fags and then drive to Tesco for the fuel I'd still be 10p worse off as the garages are two miles apart so it'd cost me 40p fuel to drive between the two.

With counting skills like that, you should be chancellor
Don't you ever drive past these places in the course of your work?

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Just think how much you would save if you gave up smoking. You would never have to buy fuel again.

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Grandad,

If we all did that, you'd all be paying 50p more for your diesel.

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Petrol.....explore, drill 1000's of feet, pump crude up, transport 1000's of miles, refine, deliver to thegarages, sell at £1.30/ltr (£6 a gallon?)

Beer, water, hops yeast, brewed in Burton, deliver to a pub in a barrel, sell at....£3/pint (£24/gallon)

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Of all the things ive lost, i miss my mind the most

Oil prices are being held artificially low due to Saudi Arabia pumping the stuff out of the ground like it's going out of fashion, and right in the middle of an economic slowdown. Oil production is running contrary to market demand. They are actually forcing down the price of their own oil. It might have something to do with Iran and the US. It looks like Iran is for the high jump. They are certainly wanting to hurt Iran's ability to export oil.


You need not worry. You'll be getting shafted at the pumps very shortly. You can count on it?

We've been getting shafted at the pumps for years, if you haven't noticed.
Yes the Saudis are pumping the stuff like its going out of fashion. So is everyone else BTW, including us.
That's because worldwide capacity has been struggling to meet global demand.
Demand must be dropping if the price is going down, no doubt due to the parlous state of the world economy.
Once the price drops far enough, OPEC will stop pumping so much, halting the nosedive in prices.
The real shafting at the pumps still continues courtesy of HMG, who continue to fleece the UK motorist at world record levels.
Oil prices will really go through the roof when this recession/depression ends, because there just isn't enough of the stuff to go round.
Now that is a mathematical certainty.

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What a mess, The poorer Nations will soon Leap frog the richer nations on the world stage by way of their lower wages, living standards and lack of rules and regulations. Just as we bend backwards and herniate ourselves to give aid and loans we cannot afford to these emerging countries we ourselves become poorer.

Time to stop the Sh1te and look after number one first, Lets start by abolishing 90% of the Red tape that Ties us in Knots at every turn so we can at least compete on a level playing field and also by getting rid of all this green taxation and green Initiatives which is screwing us up as well.

And lets not Expect back the level of Charity that we currently give from the people we give it to...it's not going to bother them a stuff that we go bust.

That's not how it works, Gusmac.

The Oil-producing nations agree, a price for oil, say $100 a barrel, to meet demand at a specific rate of production. Faced with a global slowdown, you should see a drop in oil production, but not necessarily a fall in the price of a barrel. They are not in the business of giving the stuff away. However, increasing production when global demand is falling, forces the price of crude down. Therefore, it doesn't make sense to keep on pumping, unless your plan is to see a massive increase in the price. Now remember, Iranian oil production is dropping off. What do you think will happen if conflict is threatened with Iran in the Strait of Hormuz?

I'll answer the question for you. You will have to pay a fortune at the pumps while Iran cops the blame for the global crisis.

Those in power have got their war, and their fall guy, while you are distracted and have someone to blame for your ever increasing hardship.

Everyone's a winner, except Iran. Well, someone has to lose.

Well I hope its Iran, Ive never trusted a nation of Beard Wearers..

In the end, a war with Iran would only cause a blip in the oil price. The real purpose would be to get the oil flowing towards the instigator(s) of the war. Getting rid of a political pain in the arse is just a bonus.
BTW, you don't know what OPEC's target price is

I wouldn't argue with the rest of your scenario, because your probably right. Nothing like a war to stimulate an economy.

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