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OIL = 107 bucks a barrel!

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Old 11 March 2008, 03:59 PM
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Janspeed
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Default OIL = 107 bucks a barrel!

WTF?

OK the dollar is worth nothing now, but still!

There is oil a plenty now but is this speculation nonsense!!

Me no happy!

Has made me cancel all my future car acquisitions!


Last edited by Janspeed; 11 March 2008 at 04:04 PM.
Old 11 March 2008, 04:19 PM
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Boro
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Cheaper than aftershave
Old 11 March 2008, 04:22 PM
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FlightMan
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Loads of people making loads of money out of this hight oil price. amd we get shafted.

Can anyone explain the changed circumstances between now and 2 years ago, that have prompted this higher price? I'm struggling? Is it China's "booming" economy? And if so, how much are the Chinese paying for their petrol?
Old 11 March 2008, 04:26 PM
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Originally Posted by FlightMan
Loads of people making loads of money out of this hight oil price. amd we get shafted.

Can anyone explain the changed circumstances between now and 2 years ago, that have prompted this higher price? I'm struggling? Is it China's "booming" economy? And if so, how much are the Chinese paying for their petrol?
It is all a bunch of lies, seriously.

Nothing is causing this, except stupidity!
Old 11 March 2008, 04:27 PM
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Originally Posted by Boro
Cheaper than aftershave
It is!

107 bucks= about 50 odd euros, which means my aftershave cost more than a barrel of oil! wtf!
Old 11 March 2008, 04:47 PM
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Andy T
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Quicker they get ride of the Petro-Dollar and change it to the Petro-Euro

Petrodollar warfare - Wikipedia, the free encyclopedia
Old 11 March 2008, 04:50 PM
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Get on youre bicycle, I refuse to pay the stupid prices for fuel and spent the last 6 weeks on my bike and saved a packet. Means I can get more wasted than usual at weekend
Old 11 March 2008, 04:50 PM
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I can get my 4.0 Jeep into double figures if I'm gentle on the throttle.


Old 11 March 2008, 05:41 PM
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Crazy stuff, it was something like 25-40 dollars a barrell in 2000 for Brent!!!
Old 12 March 2008, 12:27 PM
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Leslie
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Got to pick a pocket or two!

Les
Old 13 March 2008, 04:20 PM
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Originally Posted by Leslie
Got to pick a pocket or two!

Les
Gonna start lifting JET A1 at work!

"Where are you going with the jerrycan?"

"Me?"

"Yes!"

"Nowhere!" *runs*
Old 14 March 2008, 02:45 AM
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A Bush is in power, plain and simple. Soon as Bush goes, you'll see a drop in price. The hike is all dues to speculators and a little trouble in some of the producing countries.
Old 14 March 2008, 11:41 AM
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Reached US110 today I hear.
Old 14 March 2008, 12:43 PM
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Reached $111 yesterday....

A big reason is the dollar falling massively in value as the FED cuts interest rates in a desperate attempt to fend off the already-there recession.

The price of food like wheat has been seriously rocketing - basically more people in countries like China competing for the same stuff we use - much more global demand, so prices going up rapidly.
Old 14 March 2008, 12:46 PM
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Klaatu
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Originally Posted by Petem95
Reached $111 yesterday....

A big reason is the dollar falling massively in value as the FED cuts interest rates in a desperate attempt to fend off the already-there recession.

The price of food like wheat has been seriously rocketing - basically more people in countries like China competing for the same stuff we use - much more global demand, so prices going up rapidly.
True. The other problem is more land being devoted to producing biofuels.
Old 14 March 2008, 05:31 PM
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Originally Posted by Klaatu
True. The other problem is more land being devoted to producing biofuels.
The world will end next week!
Old 14 March 2008, 07:38 PM
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Petrol is only 2p per litre in Libya.



(At least it was when I was there at Christmas)
Old 14 March 2008, 07:40 PM
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heating oil is now 49.9p litre :/
Old 14 March 2008, 09:36 PM
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Originally Posted by scunnered
Petrol is only 2p per litre in Libya.



(At least it was when I was there at Christmas)
What?
Old 15 March 2008, 12:27 AM
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At those prices, it is about 80p a gallon.
Sounds like the middle men are doing OK.
Old 15 March 2008, 12:33 AM
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Originally Posted by cster
At those prices, it is about 80p a gallon.
Sounds like the middle men are doing OK.
HAH! Sure looks like it!
Old 15 March 2008, 12:36 AM
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Exclamation

Originally Posted by scunnered
Petrol is only 2p per litre in Libya.(At least it was when I was there at Christmas)
Mate in Basra reports that you can get petrol for 23p a gallon if you know who to talk to (Full 65L tank for under 3 quid )
Old 15 March 2008, 12:40 AM
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Originally Posted by fast bloke
Mate in Basra reports that you can get petrol for 23p a gallon if you know who to talk to (Full 65L tank for under 3 quid )
Meanwhile you die on the way to get petrol!

It could be free there mate for all I care!
Old 15 March 2008, 12:59 AM
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Cool

agreed - But it makes you wonder where the other £4.70 goes
Old 15 March 2008, 01:04 AM
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Originally Posted by fast bloke
agreed - But it makes you wonder where the other £4.70 goes
State coffers! That could easily pay the "co2" tax!
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