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A lot of tankers won't be told where to head for till in Biscay.
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I posted about the loaded supertankers being used for long term storage at Scapa Flow awaiting an oil price rise in January
Edited by Old Navy on 09/04/2009 at 10:19
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Price manipulation?
No, this is a clear case of major oil companies, shipping magnates from several countries, and half-a-dozen governments conspiring to produce - a conspiracy theory for a motoring website.
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To who ever it was... you can run your own business and be ethical, quite easy really. Not every business is as low and greedy as the oil businesses.
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you can run your own business and be ethical, quite easy really. Not every business is as low and greedy as the oil businesses >>
Mr Cross, what kind of business are you in, apart from stirring up heat on this forum? Are you in a sea-faring business, such as fishing or trawling, by any chance?
What makes you think it is unethical to: buy/produce goods, then stock/store them, then sell when/if they can be sold at a net profit?
But of course you probably think that the most basic model of business, trading in the stock market, is corrupt and.or unethical and is only for the filthy rich undeserving "millionaires who post on this forum", as you like to refer to them.
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Mr Cross what kind of business are you in apart from stirring up heat on this forum?
A case of pot & kettle jbif. Your frequent arrogant and aggressive posting styles for instance.
And now back to motoring. DD.
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Half the reason they can do this is because charter rates have fallen due to the CC, so the day rate is now perhaps only 33% of the price two years ago.
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... case of pot & kettle ..... Your frequent >>
frequency:
jbif stats Average: 4.02 post a day [many in CRQ and IHAQ], 1 thread started every 2 months.
Mr X stats Average: 6.23 posts a day, 7 threads started per month.
arrogant and agressive:
guilty in your Court of opinion, your Honour. ;-)
{I'm not talking about the quantity of posts made, I'm talking about your arrogant and agressive style of reply to people which in itself can be seen as trolling - as well you know}
Edited by Dynamic Dave on 09/04/2009 at 13:47
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We should impose a hefty fee for" parking" in the channel, they'd soon shift them.
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Yep, and there will even be a windscreen wiper or two on the bridge windows to put the ticket under.
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tinyurl.com/qg4qs4
So we have tankers full of oil sitting around our shores but the price rises because there might be a shortage due to problems in Nigeria ?
Wonder how much that oil cost when it actually left the ground ?
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I really wonder sometimes if you have completely lost the plot... that link you sent us to can be seen in many variations for many things we buy from overseas... its just a concequence of a nation which trades and relies on others for raw materials and other goods... if you went back to the Mediteranian 2 or 3 thousand years ago you'd see similar things... a war in the far east affecting the price of silk in Rome, for instance...
The only reason I can see for the post is perhaps you feel we should return to the days when we lived in small settlements and were self sufficient and most of us never left the village and surrounding fields... is that what you are suggesting?
If not, then perhaps you need to accept that prices of raw materials will vary dependant on the state of the supplying countries and not get so wound up about it.... I haven't noticing any increases in my litre of diesel recently, either! ;)
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The era of cheap energy is coming to an end - and yes, I'm gutted as I have a car that does around 20mpg and as I have children I have concerns about the world in which they will live.
There are two good reasons why we should in fact welcome higher oil prices:
1 - the government needs a load of cash to pay for GBs reckless spending
2 - a high price is needed to ensure continued exploration of increasingly difficult oil fields
I reckon that at least 95% of people have no problem affording fuel at current prices (based on the type of cars and busy queues at my local gas station)
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"Wonder how much that oil cost when it actually left the ground ?"
What it cost/was worth when it left the ground is immaterial - it's what it's worth when it is sold that matters. I've got a Dinky toy in its box worth £400 - yet it cost 12/6 - I've never played with it - are you telling me I should sell it for £0.625?
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Natural market forces are one thing but the level of manipulation in the oil industry has gone beyond that. I've yet to hear any one in the industry call for an end to the attacks on oil institutions in Nigeria but then why would they, every attack sends the price of a barrel soaring.
As we sit here just a few months away from the Chancellors next 2p a litre rise, the barrel price is taking off again and with the low £-$ rates, I can see us heading back to the £1.20 lt unleaded price by Sept. Where that will leave derv is any ones guess but £1.35 must be a reality.
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As we sit here just a few months away from the Chancellors next 2p a litre rise the barrel price is taking off again and with the low £-$ rates I can see us heading back to the £1.20 lt unleaded price by Sept. Where that will leave derv is any ones guess but £1.35 must be a reality.
Yes, I agree that its likely we will see higher prices towards the end of the year.
The question is what do we do about it?
- Protest?
- whinge and whine on public forums?
- drive less?
- remove our dependance on others for energy?
When/if the global enconomny picks up expect to see another huge spike in oil prices.
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"The question is what do we do about it?"
Drive an old Pug that runs on veg oil is my solution!
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No shortage of oil then with all these bombs sitting of the Devon coast. Who's kidding who.
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When i flew to Singapore a couple of months ago, I was astonished at the number of tankers anchored off shore. There were hundreds of them....and all facing tha same way! I can tell you it was quite a sight to see.
I don't think that is anything to do with oil prices, but if anyone knows why they were there I'd be interested to know.
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I don't think that is anything to do with oil prices, but if anyone knows why they were there I'd be interested to know. >>
It is to do with oil prices, and is known as "contango". A good explanation of how it works is given here:
www.investmentu.com/IUEL/2009/January/contango.html
and
uk.reuters.com/article/stocksNews/idUKLNE54001F200...& [3 short pages]
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Petrol prices have now hit 101.9p/litre in my area. A rise of 4p in a week!
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Nearly four bob a gallon then. Not bad... ;-)
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