Fuel up/down again
- Thread starter [TW]Fox
- Start date
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Soldato
May avoid the inevitable tax rise then.
Glad I filled up at the weekend (on 1/month fillups at the moment
) for 102.9 with a 4p off voucher at Tesco.
Glad I filled up at the weekend (on 1/month fillups at the moment
) for 102.9 with a 4p off voucher at Tesco.
May avoid the inevitable tax rise then.
Glad I filled up at the weekend (on 1/month fillups at the moment
i had a 6p off voucher for Tesco last month that i didnt use
but then i do have 3/4 of a tank of diesel that cost ~82p in Belgium
got an 8ppl voucher for Tesco to use this month
Please could one of the newspapers run a fuel price article?
Hi,
Just struck me how much petrol is costing again these days.
Any chance anyone out there working as a journalist for a major newspaper can publish an article about fuel prices?
It's a been a while since prices were last in the press, and it seems that prices only reduce when mass attention is drawn to them via the media.
Ta.
Hi,
Just struck me how much petrol is costing again these days.
Any chance anyone out there working as a journalist for a major newspaper can publish an article about fuel prices?
It's a been a while since prices were last in the press, and it seems that prices only reduce when mass attention is drawn to them via the media.
Ta.
Why would an article help? Fuel prices have increased because the price of crude oil is up some 40% from the lows we saw the beginning of the year. The increase in price of the most important raw material is a direct driver of the cost of refined road fuels.
No mystery, no black magic, no conspiracy and no need for a newspaper article. The information you need to verify this is readily available.
http://www.bbc.co.uk/news/business/market_data/commodities/143908/twelve_month.stm
Yeah, the information is already out there, easily and readily available.
Another increase of around $15-$25 a barrel would see prices roughly where they should be for a sustainable UKCS Oil & Gas industry. Not convinced we will see that price stable before the years end, but it will come.
Then in a few more years it will rocket again, probably topping $200 a barrel and £1.80 per litre at the pumps.
Another increase of around $15-$25 a barrel would see prices roughly where they should be for a sustainable UKCS Oil & Gas industry. Not convinced we will see that price stable before the years end, but it will come.
Then in a few more years it will rocket again, probably topping $200 a barrel and £1.80 per litre at the pumps.
$200 a barrel oil doesn't work, it's too much of a drag on the world economy and results in demand destruction. We saw this in 2008.
[TW]Fox;28108683 said:
Never said it was a good thing, but none the less, that's what some experts are predicting. I guess we'll see though.
Around $80-$90 a barrel is good for most though now that the lift cost has increased so drastically in recent years.
By 'some experts', are you referring to the comments made by the head of OPEC?
and the response:
http://www.bloomberg.com/news/artic...sees-200-oil-possible-with-lack-of-investment
The problem that the UKCS has at the moment is the current cutbacks. While I work in Drilling, which is slow enough just now, I have a friend who in project management, so he gets to see the bigger picture.
Budgets are being cut severely just now, which means that there is little or no engineering happening at the moment. Which means in 12-24 months there will be no manufacturing, meaning in another 12-24 months there will be no implementation, so the UKCS is looking at a good few years to recover, and that's after the oil price actually does recover enough.
I get why these companies are cutting back right enough, but I would have thought now is the time to get these wells drilled / engineering done. Drill them when they can get massive discounts on the costs. Some rigs are currently discounted by 50%, many personnel are taking massive pay cuts etc... Heck, some rigs, that are under contract, are even sitting in port, while taking in 75% of the contract for doing nothing. Get the wells drilled while it's cheap, and produce off them when the price rises.
Statoil seem to be doing this, at least to some degree, which is why I aint quite so badly affected. But they are still having big cuts none the less.
Budgets are being cut severely just now, which means that there is little or no engineering happening at the moment. Which means in 12-24 months there will be no manufacturing, meaning in another 12-24 months there will be no implementation, so the UKCS is looking at a good few years to recover, and that's after the oil price actually does recover enough.
I get why these companies are cutting back right enough, but I would have thought now is the time to get these wells drilled / engineering done. Drill them when they can get massive discounts on the costs. Some rigs are currently discounted by 50%, many personnel are taking massive pay cuts etc... Heck, some rigs, that are under contract, are even sitting in port, while taking in 75% of the contract for doing nothing. Get the wells drilled while it's cheap, and produce off them when the price rises.
Statoil seem to be doing this, at least to some degree, which is why I aint quite so badly affected. But they are still having big cuts none the less.
Soldato
114.9 for Sainsburys/Tesco here 
Soldato
