Quoting US figures for WTI oil is meaningless. US oil - WTI - serves less than 20% of US needs and world oil prices use Brent crude more than US crude as a base. Brent crude spot price was $111.92 last night. -
Discussing oil prices in isolation of exchange rates UKP/USD is meaningless.
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Couple of points to consider.
Gas prices might be so many bucks per gallon...your gallon is 3.8 litres ours is 4.545 litres.
Second oil is priced in Dollars. We have had considerable Quantitive Easing under the last lot of Evil thieving chancers known as Labour. Now this bunch of idiots are about to do the same.
Every time the Bank of England does QE or 'printing up more funny money' (The Zimbabwe solution) is done please do realise that the pound in your pocket becomes worth less and less. So it automatically raises the price of petrol, food, everything thats imported anyway..
It's no good railing at the big oil companies if your being lied to by the Government. The same government is effectively stealing your cash and over taxing you on the bit you have left. If you think petrol is expensive try looking at Westminster because thats where the guilty people work.
Edited by Ethan Edwards on 22/09/2011 at 12:44
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[[It's no good railing at the big oil companies if your being lied to by the Government. The same government is effectively stealing your cash and over taxing you on the bit you have left. If you think petrol is expensive try looking at Westminster because thats where the guilty people work.]]
Excellent post EE, it's a relief to see the independent thoughts of someone....few people still able to think for themselves any more, simply repeating the mantra fed to them from all sources in many cases.
Fuel price wise one of my two local suppliers (not petrol stations, they are nearly always rip off prices) of LPG have recently reduced from 70 to 66p per litre.
I'll get me coat..;)
Edited by gordonbennet on 22/09/2011 at 12:51
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Thanks -
I'm deeply envious of your LPG price. The other night my usual suppliers pump had broken down, another was out and I ended up at a BP 77.9 my usual supplier is a Total at 73.9
I assume that you found a farmer who has a tank who sells to a few locals at cost? None near me I'm afraid. I've only ever found the one and he's located a fair bit off my usual commute.
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73.9 isn't bad, i have the choice of 72p and it's on my way to work, or 66p which means SWM and i swap cars for a day...which seeing as the cheaper site is manned by Polish staff who as nearly always are polite and helpful, we now do.
The sites are not farms, but suppliers of bottled gas and home heating fuels.
This may be the slowest loading site in the world but is worth the wait, don't bank on the prices being correct, accuracy depends on user updates, but click on the site and there's usually a phone number..
www.filllpg.co.uk
Edited by gordonbennet on 22/09/2011 at 14:01
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Should heating oil and petorl/diesel go up and down in price in a fairly similar manner? At the beginning of the year K28 was about 55p ex VAT and today I was quoted 1.9p more.
Diesel was 10p a litre cheaper.
I know that heating oil does follow the market price very closely and goes up and down likee a yo-yo. If domestic heating oil does that, why can't petrol/derv?
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I dont know if any of you saw Watchdog a few weeks ago but they compared the big six energy companies and did a graph of how their prices have gone up and down over the last couple of years and it showed all 6 raise and lower prices at practically the same time. If they were supermarkets we'd do them for price fixing.
On the subject of petrol it always annoys me when the price goes up everybody, particularly the media just plaster the oil companies names all over the news with stories of record profits (most of which arent from selling petrol, but the BBC leave that bit out) but if you go up to Joe Average and ask how much of that litre price is tax they generally dont know. When you tell them the price of the actual petrol is around 55p a litre and the rest of the 139.9p is tax, then their opinion radically changes.
Interesting story in the papers at the weekend of how bankers have allegedly blocked oil tankers from entering the UK in a bid to keep the price high or some such, i expect that one will run and run.
The Chancellor may have dropped the duty by 1p this year, but he put it up 4p a litre with the VAT rise in January, net result = 3p more a litre tax in 2011. Its even worse when its VAT because thats variable as a percentage of course not a fixed price, and the 59p a litre duty is also taken into account before the 20% is calculated, so we're being taxed on tax. If VAT was only applied to the product alone that would drop the price by a noticeable amount.
Stop swearing about oil companies, its the vultures in Westminster who are the problem.
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"Interesting story in the papers at the weekend of how bankers have allegedly blocked oil tankers from entering the UK in a bid to keep the price high or some such, i expect that one will run and run"
Its true Jamie. People I know live on the south coast and will swear to you they see oil tankers waiting for weeks before bringing the crude ashore. Don't believe it, take a trip down to Southampton and take your binoculars.
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Germany cheapest electricity 16cents KWh
Uk cheapest 9pence KWh
If you had generating electrical company where would you invest ,the UK energy policy is an absolute shambles.
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You can track ship movements online:
www.marinetraffic.com/ais/
Let us know if you spot anything interesting.
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I would have preferred if the Chancellor had kept his unmagnanimous gesture of 1p cut in fuel duty. To be perfectly frank, 1p is less usually 60p odd. Unless fuel prices drop by 20-40p then it is a hollow gesture.
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I'll be in Portsmouth on Sunday, reckon there'll be anything to see from there? Nothing surprises me anymore, but it does prove the price is artificially high, if anybody needed reminding.
rogue-trooper i think the point is that the Chancellor could afford his 1p duty cut gimmick because he lumped another 2.5% VAT on it a few months earlier. Any cut is obviously welcome but the fact is the price of the oil made up the difference within a day. Currently fuel duty still raises more than council tax and the last Government said it was to 'get people out of their cars more' well car ownership went up 7million and the other excuse was 'Green measures' when road transport is a minority cause of emissions, why isnt home heating subject to 250% increase via tax like petrol is? Epic fail on both counts.
In fairness i noticed Sainsbury's has gone down 3p here in the last week but if you do the maths, 3p means virtually nothing. I know if it goes up 1p it makes virtually no difference. It needs to come down around 40p to make a proper economic difference. Although every 1p is worth alot to haulage firms, even mid sized ones can have £50million diesel bills annually. Buses get 43% rebate, hauliers dont. Go figure.
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"gas" down to $3.40 a gallon here.............hoot hoot
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So about 60pence (UK) per litre then? Pretty much what ours costs before the Government get their hands on it.
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After Brown managed to double our national debt during a global boom - BEFORE the "banking" crisis even happened, it's a wonder there's enough money around to keep the lights on. At least with all that public wastage, er sorry I mean investment - we have the best railways, roads, hospitals and schools in the world eh? It's not as if he just burned all the treasure he inhereted to buy votes is it? What a utopia we live in...
Remember the bad old days of 1997? Petrol was an extortionate 57p per litre and despite being the 4th richest country in the world and rising (now 6th and sliding fast) we had to throw puppies and babies on the fire just to keep warm. Damn those nasty Tories.
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Tax us to get us out of our cars..... Well that's great when the transport secretary last week said that the train is a "rich man's toy". http://www.telegraph.co.uk/news/uknews/road-and-rail-transport/8760912/Trains-rich-mans-toy-admits-Transport-Secretary.html
Then you have examples like the "one way" bus route http://www.bbc.co.uk/news/uk-england-wiltshire-14969321, so what really are we expected to do? I sometimes get the feeling that these decisions are made by politicians who work in London, with London in mind. When I lived there, there were plenty of alternatives to the car. Now I am in the sticks, there isn't an alternative.
I am fortunate enough to be able to afford to fill my car, but how some afford to(on top of alll the ever increasing bills) is a mystery.
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PS: looked at the bus that goes past me......it would be Wilts & Dorset 118.....here is the timetable.....Any one spot a slight problem? http://www.wdbus.co.uk/site/uploads/publications/43.pdf
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Damn all politicians as far as im concerned, they've all done both good and bad in equal measure and both Labour and the Tories have taken us to hell in a handbasket at some stage. But financially there can be no question that New Labour's 13 years were an embarassment. Brown pledged to end boom and bust (his words, not mine) so doubled the national debt and drove a false economy of financial musical chairs based on constant borrowing.
At least with all that public wastage, er sorry I mean investment - we have the best railways, roads, hospitals and schools in the world eh?
Dont get me started on public wastage. Labour wasted so much money on useless rubbish made to look important, its even more annoying that the current Government more than a year on still havent shut down anywhere near enough of it, hopefully they'll get round to it before 2015. Theres better places to get the money from than trying to get it all from disabled people and benefit claimants.
Remember the bad old days of 1997? Petrol was an extortionate 57p per litre
To be fair, 57p a litre in 1997 was quite a bit, with oil rolling out at around $20 a barrel compared to a 2011 average of over $100. The escalator began to really bite as prices rose towards the end of the 90s and although Labour 'scrapped' it, we then had Brown upping it whenever he felt like it, as an 'environmental measure' as was listed in the 2007 budget as well.
Damn those nasty Tories.
Things werent perfect with them either, its never perfect with anybody. It went horribly wrong for the Tories towards the end of Major with market crashes, house prices plummeting, sky high unemployment (sound familiar?) and dont forget Labour won a record 418 seats so its fair to say in 1997 people had different opinions than they do now. Hindsight is magnificent. An interesting experiment was Nu Labour, but more negatives to take from it than positive.
I find it hard to support any party, they've all got things i like and things i dont. If i was to write down my own ideals i'll probably be ticking the Tory box more than any of the others (even more reason to not affiliate myself LOL!) even if i did think 'back the devil you know' in the last election but looking back at the last 13 years you have to hope Miliband and his muppets dont get back in, and that the Lib Dems have been dissolved by 2015 which they probably will be.
Edited by jamie745 on 23/09/2011 at 01:32
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"went horribly wrong for the Tories towards the end of Major with market crashes, house prices plummeting, sky high unemployment (sound familiar?)"
As usual you confuse factys with prejudice: Reality was exactly the opposite of what you wrote:
"On the other hand, it was during Major's premiership that the British economy recovered from the recession of 1990–1992. John Major wrote in his auto-biography that, "During my premiership interest rates fell from 14% to 6%; unemployment was at 1.75 million when I took office, and at 1.6 million and falling upon my departure; and the government's annual borrowing rose from £0.5 billion to nearly £46 billion at its peak before falling to £1 billion". [25 "
http://en.wikipedia.org/wiki/John_Major#Summary
Pity about Europe, sleaze and scandals then - a tired Government.
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Seeing the way that the utility companies are taking us to the cleaners, am I alone in thinking that they should not have been privatised in the first place, and that maybe, re-nationalisation should be considered. An election winner with the voters?
I have nothing against competition when it comes to other areas that were privatised, but gas,electric and water, a big fat NO!
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Unfortuneatly we have to buy the raw materials on the world market and at the moment we are paying far less than most of our near cousins that is why our infrastructure is in such a dire state,the utilites are taxed to hell and so are the consumers but none of the money is returned.
I repeat 16centsKWh in Germany and 9pKWh here a big difference.
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Reality was exactly the opposite of what you wrote:
I couldnt care less what wikipedia thinks about John Major to be quite frank. And im not an idiot and can work out that when Labour (a party which lost four elections in a row before it) wipes the floor with you with 418 seats, common consensus among the public was that its about time you were replaced.
Edited by jamie745 on 23/09/2011 at 14:52
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"couldnt care less what wikipedia thinks about John Major to be quite frank"
Yes: a blind and deliberate lack of attention to facts...except when they suit your argument...
"And im not an idiot "
Well don't write rubbish.
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How is it rubbish? They lost, by the biggest margin in recent history, dont accuse me of being blind to facts when you're missing the biggest most important fact here! Major took the biggest beating by the electorate in modern history in 1997 so its quite obvious to anybody with a brain that the public had enough of him and his party. They lost three in a row (and didnt even win the election last year, i may remind you). So if Major was so magnificent and perfect with the UK in such terrific magnificent shape then why did they lose so badly? Answer me that. I'd love to know.
Im not saying it was right, but its obvious people had different opinions in 1997 than they do now. I dont have party affiliation but i do object to being accused of 'writing rubbish' when all i did was recite facts. If i was to sit here and say the UK was magnificent in 1997 with no problems at all, in the face of the election results of 97 i'd look a bit foolish wouldnt i?
Edited by jamie745 on 23/09/2011 at 15:08
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Back to the op subject of petrol etc.
Remember when the price went over 1 pound a gall and we were all slashing our wrists. Oh they WERE the days. Then it went over 1 pound a litre a while ago. Can you imagine what the UK would be like economically IF we didnt have north sea oil/gas!
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"Can you imagine what the UK would be like economically IF we didnt have north sea oil/gas! "
The OPEC countries citizens pay pence for gallons of the black stuff. We had our own for a while, but I don't ever remember reaping the cheaper benefits of it. France is no oil producer yet they pay almost the same for fuel as we do. Where was the benefit for us?
We have almost 300 years worth of coal in the ground we could be harvesting for our own goals or exporting at a premium to India and China. No, we'll leave it where it is because of the green bandwagon.
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[[biggest beating by the electorate in modern history in 1997 so its quite obvious to anybody with a brain that the public had enough of him and his party. They lost three in a row (and didnt even win the election last year, i may remind you). So if Major was so magnificent and perfect with the UK in such terrific magnificent shape then why did they lose so badly? Answer me that. I'd love to know.]]
Major was Thatchers fall guy like Broon was for the liar, the sop left holding the baby when the chickens came home.
What everyone wants to forget is that millions of them fell for the liars smooth snake oil sales shpeel, he told them what they wanted to hear...the turncoat Sun, murdoch again, backed him (you wouldn't want a Sun reader/writer back to back fighting to the last man with you would you), the rest of the media luvvies thought the sun shone when He bent over, and praise be we got Tone.
Don't for one minute think we've heard the last of the peace envoy, you've got to laugh, he'll lead this country down the toilet again i'm quite sure, from His throne ion the EU.
By the way for the record i haven't voted for any of the three main parties for more years than i can remember, the crusade against the miners proved to me the tories cannot be trusted to tell the truth, i've never trusted labour, and the libs are liars too...tuition fees?
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Major was Thatchers fall guy like Broon was for the liar, the sop left holding the baby when the chickens came home.
Oh of course, couldnt agree more. Blair timed his exit perfectly, Browns first week saw the West End bomb incident, Glasgow Airport attack etc, it began badly and only got worse as then the Banks collapsed, Northern Rock fiasco etc all mere months after Blair ran off. Co-incidence? No. Blair didnt see things like this coming? Yeah right.
Blair is one of the most slippery characters ive ever come across, trying to pin anything on him is like trying to nail water to a ceiling.
.the turncoat Sun, murdoch again, backed him
Murdoch backs whoever he thinks will win the next election to try and hold sway over the impending Government to approve his business deals. Allegedly he doesnt care for Cameron at all, he's not his type of person but he backed him because he knew he'd be the next Prime Minister. Murdoch's politics is whatever politics will get him what he wants, cant blame him for that.
Don't for one minute think we've heard the last of the peace envoy, you've got to laugh, he'll lead this country down the toilet again i'm quite sure, from His throne ion the EU.
That was joke of the century, a man who played a key role in two middle eastern wars then becomes Peace Envoy to the middle east. Only Tony Blair could do that. It encapsulates his Government's policy of creating a problem just so as they can invent a job for someone to fix what they created.
By the way for the record i haven't voted for any of the three main parties for more years than i can remember, the crusade against the miners proved to me the tories cannot be trusted to tell the truth, i've never trusted labour, and the libs are liars too...tuition fees?
In my opinion at the General Election any vote which isnt Labour or Conservative is a wasted vote. Like them people who thought voting Lib Dem was 'really a vote for Labour'. Alot of people demonise Thatcher today and some with good reason but you cannot argue that she had balls and did what she said she'd do, stuck to her guns no matter how unpopular a decision (often a right one) may have been. Not like this lot we have now who have an idea, receive negative reaction then backtrack so fast they need a beeping sound. Cameron is too wishy washy to be a 'proper' Tory prime minister, but he's a slimey PR man who (like Blair) can suck you in. The fact is, we got a Hung Parliament, we were told 12 months before we'd have one but instead of do something about it, all the parties blindly went along with it. They all now try to hold the centre ground and all agree with each other, which only helped to enginner a hung Parliament.
On the subject of the Lib Dems they are only there to make up the numbers, the Tories are in charge and have final say. Conservatives wanted to up tuition fees, they want people to pay for their education which is fair enough i suppose but the fact Labour introduced fees and the Lib Dems caved (without much option, frankly) means students now dont have their own party. Lib Dems relied on the student vote which is now gone. In general the Lib Dems are not my cup of tea so im glad they're being kept in their box for the most part. During the riots the Tories took centre stage as Law and Order is one thing they do very well, Clegg got told to p*** off by people he went to meet.
Overall, Labour's time was full of wasting money, endless needless laws, job creation schemes, constant taxes on everything they could find and (notably for this forum) a brutal, unwarranted, unjustified hatrid of the motorist and the motor car, which in itself contributed to the destruction of the economy.
Edited by jamie745 on 23/09/2011 at 19:51
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What are the last missives to do with the price of cheese.
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I like cheese. Do you like cheese?
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