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Is this guy serious?

  • Thread starter Thread starter Baz
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[TW]Fox;11033541 said:
It's actually not - I pay £205 a year for tax despite emitting less C02 than the average driver in a Renault Clio 1.4.
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Surely if they're doing more miles they'll pay more tax overall by means of fuel duty, though?

Quite agree with you, I think "road tax" should be scrapped for the reason you gave. But I don't trust this government to implement it another way (adding onto fuel duty) without at least tripling what it brings in.
 
Catalytic converters on cows is clearly the solution.....

Did i read they have found or are looking into the Genetic part of the cow that makes it produce so much wind?
 
Firestar_3x said:
In the terms it not going to all be gone by tomorrow........

Clearly its not going to last forever but new reserves are still being found.

Like in 2005 in Brazil http://news.bbc.co.uk/1/hi/business/4563896.stm

We will have released our reliance on oil and gas long before they become in short supply.
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Well its already in short supply. Demand now exceeds supply hence the huge price growth in a barrel.

Even Shell is starting to be honest: http://business.timesonline.co.uk/tol/business/economics/wef/article3248484.ece
 
flat-6 said:
Well its already in short supply. Demand now exceeds supply hence the huge price growth in a barrel.
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We have not yet reached a point where demand properly exceeds supply - the current high oil prices are being caused by a combination of the value of the dollar and speculators using oil as a hedge against the weak dollar.

Not to mention our lovely friends at OPEC restricting production to keep price high. Something thats illegal everywhere else in the developed world.
 
I would contest that OPEC is holding back. Once upon a time they were, not now. From what I have read they are flat out. Why would they when oil is at a record high price? Some countries are, South American nations exporting less to maintain a low price for home markets to promote their economies.

When does demand 'properly' exceed supply? When there are shortages?
 
Again I urge you to study it a bit more. Many of the major oil producing regions are now in decline, i.e. they are no longer producing as much as they once were. They are driving the price up so they can sell less oil?

Even the once bullish IEA says demand exceeds supply:

http://www.theoildrum.com/node/3331

TOD really isn't some propaganda site, they exist, but what you get on there is well argued contents backed by science and research.
 
flat-6 said:
They are driving the price up so they can sell less oil?
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It sounds stupid but if you consider the value of their oil in 5, 10 or 25 years time, it makes sense - if they sell it all now as quickly as they can they'll be in trouble in the future sooner than they otherwise would.
 
gas guzzling cars are fine

we are forever being told how petrol is bad for then environment and a finite resource so I think it is my moral duty to help get rid of it all as quickly as possible :p
 
Middle-Eastern oil is simply more profitable than anywhere else, because you only need ~$30 a barrel due to low extraction costs. Whereas a field in Canada would demand a price of $60 for a firm to generate a profit. Still, both of those are lower than the current price...

In fact, Nigerian oil was even cheaper than that ($20 a barrel) due to government subsidy, although that policy ended because it was considered a waste of resources.
 
flat-6 said:
Even the once bullish IEA says demand exceeds supply:
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IEA said:
The situation on the oil market is worrisome in the sense of there being more demand than supply. This does not mean that we should panic because of an acute shortage of oil, there is sufficient oil in the world.
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This appears to back up Foxes comments on production being limited rather than supporting any oil shortage theories.
 
Yep, what do you know we have more than enough left....

I view it as the supply and demand / keeping the market boyant issue.

Its much like walking into Audi and ordering an A3 / A4, then waiting 2 / 3 months for them to build and deliver a family hatchback, no reason for this they could open another factory and build them quicker but its good for the market and new / secondhand values.

You limit supply to keep demand up, another good example is the Wii.
 
Prices are higher than usual at the moment owing to market speculation as to how bad the US winter will be.

However, the US government are eager to see lower oil prices for (among other reasons) staving off the potential recession until their elections are out of the way.
 
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