**Petrol,its getting blo0dy expensive**
13 April 2005, 08:57 AM
#32
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Originally Posted by imlach
OK....well vote for the party that is going to reduce it. The budget deficit caused by this reduction will be filled in by increasing some other form of taxation elsewhere........
Swings & roundabouts.......but it is absolutely your choice who you vote for if you think a reduction in fuel duty will suit you.
Swings & roundabouts.......but it is absolutely your choice who you vote for if you think a reduction in fuel duty will suit you.
i'm not gonna live in a dreamworld... fuel will not go down in price and neither will fuel duty, but i'd like to see the money put to the use it was intended for ie not coming up with more stupid schemes of how to charge people more for using the only decent transport system in the country, and using the money to improve it
13 April 2005, 09:10 AM
#33
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Originally Posted by imlach
Ah, but they don't want it going TOO high. It's not that simple is it. High oil adds to inflationary pressure, which leads to a downturn in the economy, which ultimately leads to less oil being used. Their production setup is geared to producing a fixed level of output, so it is not in OPEC's interest to let prices run away and reduce demand.....
Remember, China is a major exporter now, so a downturn in the western economy would reduce their demand too.........
Remember, China is a major exporter now, so a downturn in the western economy would reduce their demand too.........
13 April 2005, 10:11 AM
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In fact higher than that - almost $2 per gallon. For the avearage American, who does many multiples of the annual mileage of most British motorists, it's a major extra expense to them, and is brewing in similar political terms as it did here...
13 April 2005, 12:50 PM
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Originally Posted by imlach
That's right. Blame the goverment, after all, they have not put up fuel duty. <snip>
Maybe a bit of understanding of the fuel duty situation might be in order before everyone just blames the goverment as per usual!
Maybe a bit of understanding of the fuel duty situation might be in order before everyone just blames the goverment as per usual!
Obviously Shell, BP, etc, need to make more money as £10Bn profit isnt enough...
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