I Support the lorry drivers thread

dannyjo22 said:
So are you telling me if I vote Tory in the next election they are going to change this?

I do 100 miles to work and back, looks like i'm voting Tory.
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sadly..they wont...no govt will


if you drive you are a tax cow to be milked in every way possible with every govt previously and ever govt to come in, tugging at your teats :D

and they will not be able to afford to cut the tax as they will sack tens of thousands of ineffecient civil servants who will all need unemployment benefit
 
AtreuS said:
Most people on these forums will know that its not just about the price of fuel, its about the price of everything.
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Definitely correct. I must admit a few months ago I though the media was scaremongering, but I'm now seeing an increasing contingent of people in my social circle struggling with their monthly outgoings - a few friends have had to get 2nd jobs, my sister's bf has been made redundant due to the firm taking a hit in business.

Personally, I am stuffing as much as possible away into savings right now and living well within my means. The plan being that it's possible to do well out of a slump if you're in the right financial position.

I've also changed my driving style with the cost of fuel spiralling upwards. I leave my MPG indicator up on the trip computer all the time and don't accelerate downhill, for example :)
 
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Booner! said:
Seems like a steady increase, then suddenly massive increase/demand? Doesn't make sense to me, why would demand increase that much so quickly? I see price fixing, not demand increasing.
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Demand for oil has increased significantly in the past 12 months but NOT from people who actually use it. Instead a large proportion of oil sold on the NYMEX exchange now is to speculator who simply wish to make a profit on it and use it as a hedge against the low value of the dollar.

This is made easy becuase of the way the NYMEX allows futures trading on crude - to buy $1 million of crude oil futures you dont need $1 million, you can buy these futures, and this affect the market, with only 6% of that figure!

This rampant speculation is what is causing the problems we have right now. Yes demand is increasing from China but it has NOT increased by a level anywhere near enough to explain current pricing.
 
[TW]Fox;11765360 said:
Demand for oil has increased significantly in the past 12 months but NOT from people who actually use it. Instead a large proportion of oil sold on the NYMEX exchange now is to speculator who simply wish to make a profit on it and use it as a hedge against the low value of the dollar.

This is made easy becuase of the way the NYMEX allows futures trading on crude - to buy $1 million of crude oil futures you dont need $1 million, you can buy these futures, and this affect the market, with only 6% of that figure!

This rampant speculation is what is causing the problems we have right now. Yes demand is increasing from China but it has NOT increased by a level anywhere near enough to explain current pricing.
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Same with most other goods. Perhaps we should dump the oil, grain and wheat on their office doorsteps each time. ;)
 
Dolph said:
I doubt they would straight away, they've got the horrific, wasteful, inefficient mess that is public services and the civil service to sort out first.
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But then again, people in 1997 hoped Labour would sort out the huge mess the Tories made of things. Anyone hoping for significant improvements under the Tories is likely to be in for a rude awakening.
 
sr4470 said:
Same with most other goods. Perhaps we should dump the oil, grain and wheat on their office doorsteps each time. ;)
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Yes - exactly the same with other commodoties, most noticeably wheat and gold.

The US can fix this problem - they can change the ridiculous rules which allow people with no real interest in the product to buy so much of it for so little. You can't do it in any other markets!

If, to buy $1m of crude futures, you needed $1m, oil would be NOWHERE NEAR the price its currently at.
 
dirtydog said:
But then again, people in 1997 hoped Labour would sort out the huge mess the Tories made of things. Anyone hoping for significant improvements under the Tories is likely to be in for a rude awakening.
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They can't be any worse. Boris Johnson is already making his presence felt in London with a series of good decisions :)

The only thing that will get in the way is the idea that people have that a government provided service is 'free', when it most certainly is not, it's a lot more expensive than getting the service yourself.
 
[TW]Fox;11765360 said:
Demand for oil has increased significantly in the past 12 months but NOT from people who actually use it. Instead a large proportion of oil sold on the NYMEX exchange now is to speculator who simply wish to make a profit on it and use it as a hedge against the low value of the dollar.

This is made easy becuase of the way the NYMEX allows futures trading on crude - to buy $1 million of crude oil futures you dont need $1 million, you can buy these futures, and this affect the market, with only 6% of that figure!

This rampant speculation is what is causing the problems we have right now. Yes demand is increasing from China but it has NOT increased by a level anywhere near enough to explain current pricing.
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Quoted For Truth
 
dirtydog said:
It would 'help' but not to any very noticeable degree.
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Really?
I did over 10k miles in the first 3 months of the year, looks like it will be somewhere around 13k in the 2nd quarter. In an uneconomical 1.6 focus auto, thats a lot of fuel (also im doing 100 mile round trips in the even more uneconomical 2.0L 306 auto 5 days a week).

I will notice it :]
 
I support them of course, but the cynic in me thinks it's largely a futile gesture. The gov't will just steal money from us in another form in they drop fuel duty prices.
 
I would preffer if they just got rid of VAT on fuel. It already has a tax applied directly to the cost per litre.

Or if they only add VAT to the pre-duty cost.

Paying VAT (luxury tax) on a fuel duty (tax) has always seemed to me crazy to me.
 
Morba said:
Really?
I did over 10k miles in the first 3 months of the year, looks like it will be somewhere around 13k in the 2nd quarter. In an uneconomical 1.6 focus auto, thats a lot of fuel (also im doing 100 mile round trips in the even more uneconomical 2.0L 306 auto 5 days a week).

I will notice it :]
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Given that the only place energy costs are going over the next decade is further up, perhaps now would be a good time to start reorganising your life such that such enormous mileages are no longer neccesary. Such commuting patterns are unsustainable in the long term and the sooner you take steps to avoid it the better prepared you will be.

Do feel free to offer excuses/have a pop at me for that, but by doing so you'll be missing the point - fuel costs WILL rise more.
 
callmeBadger said:
I would preffer if they just got rid of VAT on fuel. It already has a tax applied directly to the cost per litre.

Or if they only add VAT to the pre-duty cost.

Paying VAT (luxury tax) on a fuel duty (tax) has always seemed to me crazy to me.
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VAT stopped being a luxury tax long ago, if it ever was. Domestic electricity and gas aren't luxuries either yet they have VAT slapped on them.
 
Why aren't the hauliers who are protesting asking for a rebate for everyone that buys fuel. They are calling for a "essential user" rebate aimed at hauliers.

Looking after number one.
 
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