Fuel price per barrel

[James Deuce]

It dropped to $US128 last night. That's $US18 in 2 days.

Where's my price reduction bitch and when will cheese go back to $7/kg?

Bitch.

[mowgli]

Don't hold your breath, eh :oi-grr:

[Colapop]

It's relative. The less the oil cost when petrol prices are high, the more profit the thieving scumbag fuel retailers make! To offset all the drive-offs of course...

[James Deuce]

Col, fuel retailers make almost nothing on a litre of gas. It's in the 1-2c /litre range. They make money on chocolate bars and coffee.

It's the wholesalers in collusion with the Government that artificially inflate the price.

[Colapop]

So I should buy more chocolate bars and pay less tax?

[awayatc]

oil is ordered for an agreed price weeks or even months before it arrives....
So when oil prices go up, they should not affect the pump prices straight away anyway.
Oilcompanies just do the "up" thing straight away to "future proof", but are very reluctant to go down and reduce profit, because they paid for the oil weeks ago anyway.....

[CB ARGH]

Stand outside the BP naked, handcuff yourself to the door handle, and say that you're never fueling up again until the prices lower. Good luck persuading the boss for getting the day off work though.

[James Deuce]

oil is ordered for an agreed price weeks or even months before it arrives....
So when oil prices go up, they should not affect the pump prices straight away anyway.
Oilcompanies just do the "up" thing straight away to "future proof", but are very reluctant to go down and reduce profit, because they paid for the oil weeks ago anyway.....
That sir, is a crock of shit.

When the price per barrel goes up the pump price goes up. It shouldn't move at all and not all oil exported is traded in that fashion either.

I was talking to my Jakarta based Brother in Law who works in the oil industry and that is an acknowledged rort that is undertaken globally where Governments don't have the balls to legislate against the practice.

The Government WON'T legislate against it because they make far too many tax dollars from keeping it (and incidentally the price of food) artificially inflated.

[awayatc]

That sir, is a crock of shit.

When the price per barrel goes up the pump price goes up. It shouldn't move at all and not all oil exported is traded in that fashion either.

I was talking to my Jakarta based Brother in Law who works in the oil industry and that is an acknowledged rort that is undertaken globally where Governments don't have the balls to legislate against the practice.

The Government WON'T legislate against it because they make far too many tax dollars from keeping it (and incidentally the price of food) artificially inflated.


It appears to me the only crock of shit is your ability to have misread my post completely.....:weep:
I say nothing different from what you come up with...apart from having a brother in law in Jakarta working in oil.....
(incidently I work in oil to.....in NZ)

Oh by the way Indonesia subsidises fuel........thats why its cheaper there

Oil companies are greedy indeed, but that has nothing to do with the government.....(ours is 100x better then Indonesia's anyway):scooter:

[Devil]

I'm Rick James, Bitch!

[MIXONE]

I think that there should be a national campaign to name and shame the CEOs of the oil companies here in NZ who put the prices up and down at their own wim.Imagine if you saw one walking down the street.You'd have to line up to spit at his feet.Being anonymous makes it easier to rip off motorists and they haven't got consciences anyway.Fucking mongrel motherless bastards.

[HenryDorsetCase]

decent cheese is about $80/kg

just saying

[Swoop]

You have had your 4 cent reduction. That is all that the NZ peasants deserve (according to the oil mafia)...

The roads are nice and empty. The price rise hasn't been entirely bad.:whistle:

[NOMIS]

(incidently I work in oil to.....in NZ)

r:

Must be a pretty dirty job working "in" oil.. Do youhave a breathing aparatus?
what do you do once your in?

[Roki_nz]

You have had your 4 cent reduction. That is all that the NZ peasants deserve (according to the oil mafia)...

The roads are nice and empty. The price rise hasn't been entirely bad.:whistle:

Yeap and the AA was only asking for a 3c drop. Question: is the goverment still going to introduce that fuel tax

[James Deuce]

It appears to me the only crock of shit is your ability to have misread my post completely.....:weep:
I say nothing different from what you come up with...apart from having a brother in law in Jakarta working in oil.....
(incidently I work in oil to.....in NZ)

Oh by the way Indonesia subsidises fuel........thats why its cheaper there

Oil companies are greedy indeed, but that has nothing to do with the government.....(ours is 100x better then Indonesia's anyway):scooter:

He doesn't work for an Indonesian company. He's worked all over the world. I didn't misread your post. You made the tired old claim that NZ's oil is purchased months in advance.

It has everything to do with the Government. If oil prices stay up they get free money for nothing and do nothing with it except employ civil servants.

[Horse]

How does the govt make oil companies put prices up or down? I'm confused.


Go read up about peak oil. It's never getting cheaper again (well, for medium-term definitions of "never").

[Toaster]

Fuel retailers wear the losses from drive offs, not the oil companies - the ones making big bucks off us.

The Oil producers - now that is were the real profits are. You only have to look at the wealth displayed by the oil barons in the middle east to see that.

Visit Kuwait or Dubai to see what the non-warring oil countries are doing with our petrol money. Incredible displays of goverment and public wealth.

[Toaster]

By visit, I mean Google. Avgas is too expensive to afford to fly over there now!

[The Stranger]

To offset all the drive-offs of course...

I saw a listing of drive-offs for the west Auckland area a short while back (damned if I remember where I saw it) but was struck at how few there were and what a tiny percentage of acutal volume pumped was stolen.

NOT supporting theft at all. But reality is, every business has to deal with theft and/or bad debts (which isn't usually a problem petrol stations have), like it or not.
You don't see Foodtown requiring you to pay prior to entering the shop.

They should stop their fucken whining and take some lessons in customer service - start by not calling their customers criminals.

[Roki_nz]

How does the govt make oil companies put prices up or down? I'm confused.


Go read up about peak oil. It's never getting cheaper again (well, for medium-term definitions of "never").

Peak oil hmm... they thought we were going to run out of oil in the 30s, that never happened

[Dodger]

I was sort of hoping that petrol was going to hit $3 or more per L. :devil2:
At the moment with it over $2 the reduced amount of traffic on Wellington's motorways is noticeable. (school holidays have also helped)

I'm really enjoying the daily commute, and at $25 for 300km+ the bike doesn't cost that much to run. (and I'm commuting with the wife as pillion)

Even if gas was costing $4/L the bike would still be affordable, and the amount of cars on the road would be low (IMHO)
The only problem are the run on costs, eg. the price of food goes up due to transportation cost increases.

[The Stranger]

How does the govt make oil companies put prices up or down? I'm confused.


Go read up about peak oil. It's never getting cheaper again (well, for medium-term definitions of "never").

How old are you Horse?
Remember the 70's?
Petrol was in such short supply that we had carless days right.
Petrol wasn't sold on the weekends in order to conserve critical supplies for essential use.
In short the world HAD run out of oil according to numerous reports.

Oh I know this is different! - just remind me how again will you.


Never say never.

[Swoop]

Question: is the goverment still going to introduce that fuel tax
Do you really need to ask that question?
Gubbinment thinking = "If in doubt, TAX it. If there is already a tax on something = INCREASE the tax rate!"

[Horse]

Petrol was in such short supply that we had carless days right.
Petrol wasn't sold on the weekends in order to conserve critical supplies for essential use.

Correct.


In short the world HAD run out of oil according to numerous reports.

Wrong.

From the most inaccurate source on the Internet (apart from all the other ones):

1973 Oil Crisis (http://en.wikipedia.org/wiki/1973_oil_crisis)

The 1973 oil crisis began on October 17, 1973, when the members of Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of OPEC plus Egypt and Syria) announced, as a result of the ongoing Yom Kippur War, that they would no longer ship oil to nations that had supported Israel in its conflict with Syria and Egypt (the United States, its allies in Western Europe, and Japan).

1979 Energy Crisis (http://en.wikipedia.org/wiki/1979_energy_crisis)

The 1979 (or second) oil crisis in the United States occurred in the wake of the Iranian Revolution. Amid massive protests, the Shah of Iran, Mohammad Reza Pahlavi, fled his country in early 1979, allowing Ayatollah Khomeini to gain control. The protests shattered the Iranian oil sector. While the new regime resumed oil exports, it was inconsistent and at a lower volume, forcing prices to go up. Saudi Arabia and other OPEC nations, under the presidency of Dr. Mana Alotaiba increased production to offset the decline, and the overall loss in production was about 4 percent. [2] However, a widespread panic resulted, driving the price far higher than would be expected under normal circumstances.

Now go read up on Peak (http://en.wikipedia.org/wiki/Peak_oil) Oil (http://www.theoildrum.com/node/4172). And remember that the optimists, the organisations like CERA who are in the tank for the oil producers, say everything's fine because we won't reach Peak Oil until 2040 or so (they don't deny PO, they just say it's constantly far enough away that there's no problem and we can continue Business As Usual - and for God's sake, don't stop buying Oil!). Of course for that to be true you'd have to believe KSA when they say they can increase production from 8.5mbpd to 15mbpd, despite the fact they've been trying and failing since mid 2005.

Peak oil may not have been in 2005 - it might be 10 years away. But it's going to happen, and sooner than you think - it's not the 1970s any more, and there aren't any more "easy" super-giant fields to discover. I think this graph is the most telling:

100575

[Horse]

And if you don't like to read, watch this doco. (http://www.abc.net.au/science/crude/) Bloody Australians, doing way too good a job of making TV.

[Forest]

The price of oil has not dropped.

The price of a futures contract for the future delivery of oil has dropped.

[swedencamilla]

They will end up shooting themselves in the foot if the fuel price stays too inflated. People will have less money to spend and will look at cheaper options such as motorbikes, scooters, pushbikes, smaller cares, hybrids, public transport etc. Better for the environment. I think that in the next couple of years we are going to have an explosion of two-wheelers on the street. It is already much more common than it used to be, at least I think so, maybe I am noticing it more now that I have my own. I just wish now that I had gotten one earlier, much earlier, it is really fun to ride, even as a newbie.

[The Stranger]

Correct.

Wrong.

From the most inaccurate source on the Internet (apart from all the other ones):


I think you miss the point Horse.
Again - were you there?

I aren't going to be bothered reading the links, my apologies if this sounds like I am arguing without the evidence. The reason I aren't going to read the links is that they have the benefit of hind sight, which wasn't available at the time. As with so many reports that are complete fuck ups, they never find the light of day again - for some strange reason you don't see authors standing up saying 'Whoa, look, I fucked up big time, here's the evidence to prove it", so no, you wont see what we saw at the time. IF you manage to find those authors and their fucked up reports and read them you will see a big case of deja vu.

It is only NOW that you can see what really happened back then - at the time you could not, so the reports like peak oil etc had credibiliy when released too and zealots to push the barrow and henny pennys running around proclaiming the sky was falling down (Y2K anyone)

So what's changed?

[Horse]

So what's changed?

We've spent another 30 years extracting oil out of the ground, at an ever increasing rate. It's simply not an infinite resource - there's good evidence to suggest that we're at or about to reach peak, but if we're really lucky it's a few decades away and the world has time to investigate alternatives.

Saying "someone said peak oil in the 70s and they were wrong so there's no such thing" isn't a compelling argument.

[spookytooth]

try searching
OIL NOT Fossil
some interesting reading

[Horse]

Abiotic oil? Good grief. And I have space aliens from mars living in my basement.

[The Stranger]

We've spent another 30 years extracting oil out of the ground, at an ever increasing rate. It's simply not an infinite resource - there's good evidence to suggest that we're at or about to reach peak, but if we're really lucky it's a few decades away and the world has time to investigate alternatives.

Saying "someone said peak oil in the 70s and they were wrong so there's no such thing" isn't a compelling argument.

Quite right sir, on both counts.
However, I would be wary of the "good evidence" we had that too in the 70s you know.
You were however quoting the report as if it were gospel, it isn't.

[Horse]

No, I've done a fair bit of reading on the subject, I'm convinced that we're at or close to peak oil. The links I present are merely good summaries of the situation for beginners.

[wickle]

Col, fuel retailers make almost nothing on a litre of gas. It's in the 1-2c /litre range. They make money on chocolate bars and coffee.

It's the wholesalers in collusion with the Government that artificially inflate the price.
My understanding it is approx 4.5cents per litre inluding GST the retailer recieves from the price at pump doesnt matter what the pump price is, and yes the Service Station owner has to cover drive off's . And dont worry prepay is coming no business can afford thief so how else are they going to stop it, STOP Bitching about the cost here ring the 0800 numbers of the OIL Companies or better email them ( clod up they mail box)

[MSTRS]

No, I've done a fair bit of reading on the subject, I'm convinced that we're at or close to peak oil. The links I present are merely good summaries of the situation for beginners.

Listened to a JW say much the same thing? Different subject - same reasoning...
The Stranger is not arguing with you, just pointing out that we are 'given the facts' at any given time, only to learn (much) later that we've been misled - and should we believe them this time around.

[Horse]

Then educate yourself, make up your own mind. But don't just say "I don't know, and can't be arsed finding out more, therefore Peak Oil is wrong". Great for ostriches, bad for thinking people.

Plus there's a slight difference between science and religion.

[riffer]

Plus there's a slight difference between science and religion.

and very little between bad science and religion.

[Pedrostt500]

Im not certain where I heard it, but I understood that more oil was used in the production of plastics than was ever used to fill the tanks of motor vechicles.

[Horse]

"Bad" science: I know nothing about it, so I'll just throw epithets around to make myself feel better.

[Griffin]

Well we can argue 'peak oil' and profiteerring arabs etc etc all day long and to your average Joe petrol user... ME & YOU it makes bugger all difference.

What I DO notice is that the minute the price of a barrel of oil goes up even one blardy US dollar, our big petrol suppliers raise the price at the pump 'due to that increase'! BUT... the price of a barrel of oil can start dropping... and dropping... and dropping - and it seems to me that these same blardy tight arse suppliers are suddenly slow to adjust their prices in a similar direction.

WHY IS THAT :angry2: