Fuel up/down again

[TW]Fox · 21 Dec 2015 at 18:52

muon said:
Because the tax isn't proportional to price.

Actually part of it is - VAT.

[TW]Fox · 21 Dec 2015 at 19:12

grudas said:
Tesco in purley was £0.99p so I filled up

Good to hear, keep us informed of any more developments in the fuelling of your vehicle.

[TW]Fox · 21 Dec 2015 at 19:39

Jonnycoupe said:
He hasn't got a personality to email - true fact.

Can confirm, this is true.

[TW]Fox · 22 Dec 2015 at 19:27

faheemrazzaq said:
at this low oil price, oil companies do not make any money.

Not true.

What you mean is that at the current price, some production streams do not generate profit. Many others continue to do so and I'm confident you won't see all of the big oil majors posting real losses at the end of the year.

[TW]Fox · 23 Dec 2015 at 18:34

faheemrazzaq said:
well I work for an oil company and I know inside out that we have issues with our cash flows.

But you said..

'at this low oil price, oil companies do not make any money.'

This is completely untrue.

If you are referring to onshore operations in places like middle east then yes many of the operators there can make profit.

But you said oil companies do not many 'any' money. Now you concede they do?

Not in north sea mate.

You said 'at this low oil price, oil companies do not make any money.'

Not 'at this low oil price, oil companies who produce oil from solely North sea fields do not make any money.'.

At this oil price, most of the north sea fields are running into negative cash flows.

And I'm sure as a result some of the less diversified firms are, as you say, not making any money. But many others are. Shell don't just make money pulling oil out of the ground and selling it to commodity speculators on the futures market.

Your comment was just not true.

[TW]Fox · 12 Jan 2016 at 22:08

Low oil price? Check.
clv101 returning to Motors from seemingly nowhere to doom-monger about peak oil? Check.

[TW]Fox · 14 Jan 2016 at 22:11

almoststew1990 said:
Am I the only one that is a little worried (well not worried worried) that too cheap oil will ruin the industry?

Like it ruined the industry throughout the 1990's and early part of the 2000's?

[TW]Fox · 15 Jan 2016 at 07:41

byeo said:
Just wait until the Saudis have the monopoly and start charging higher.

This post makes no sense

[TW]Fox · 15 Jan 2016 at 12:02

Simon said:
It takes a while for oil to get from the ground to a fuel station

Takes even longer to shift it from a duel station if you charge more than everyone else

[TW]Fox · 31 Mar 2016 at 08:40

Its both, oil is up quite a bit over its lows earlier in the year.

But yes, we have the anti EU brigade to thank too