Ooh - oil prices

[Big Dave]

Glad I ride motorbikes.

http://www.smh.com.au/news/business/...802855387.html

[Skyryder]

Caught some of that on the news today. Seems like BP might have some explaining to do as to why it did not maintain it's it's pipe line what with record profits etc.

Bike or not it's still going to hurt the CPI.


Skyryder

[Motig]

Did I see US$78.50 a barrel! NZ$2.00 a litre cant be far away. Gas up now.

[myvice]

Ford V8, free, but bring your own gas...
And Wifey just got 2 wheels again, must have known!

[MD]

Now the Yanks will have to ask the Arabs for their oil back. You know the USA oil the yanks secretly placed in safe storage milleniums ago under the Arab sand.
Bugger. This incident is going to hurt at the pumps, at the supermarket at...

[myvice]

Bugger. This incident is going to hurt at the pumps, at the supermarket at...

... My job, every time the price goes up, the work drops off!
Could use some time off tho.

[Al]

In Darwin, depending on the station, I get premium unleaded at $1-49 per litre. Different stations have different prices!
Will have to eventually start slowing down from 160 to 130 on my ride to and from work... hehehe (love open speed roads!)

Take care out there

Sunny and hot here

Al

[sunhuntin]

price was sitting pretty when i left work tonight....if its gonna go up itll likely be tomorrow during the day, or early next week. doesnt often go up or down after wednesday, and not ever on the weekend as far as i know. hopefully itll go before my shift starts...hate the hassle of changing the boards.

edit: 1000 posts!!!!

[slowpoke]

What a fukkin' joke!!!!!!!

You peoples are gonna luuuurve this!

I work offshore (I'm there at the moment, bugger it) and when I flew in this hitch we had a lil' info session the first night in. You know, where they spruik on about safety...but only after they've given you the production data, more barrels, more barrels ra ra ra.....

Anyway, our cost to produce 1 barrel of oil equivalent (we produce condensate, propane and butane) is....drum roll please....$2.96US.

Yup, to produce the equivalent of one barrel of oil (159 litres) costs just $2.96US and we produce over 110,000barrels/day so we are talking BIG dollars.

When this platform was built they budgeted on an oil price of $16US/barrel, and expected to pay off the cost of the facility in 9 years....instead they've paid for a multi-billion dollar platform in 2.5 years. The tosser presenting the information then had the gall to complain how they now have to pay more taxes.

It's all a rort: this "supply and demand," "Opec sets the prices" rhetoric. Oil companies and Governments are loving the artificially high prices....the only people it doesn't suit are the consumers.

[gijoe1313]

slowpoke - duhdamn! Hehe, well its always been like a certain cruisey fella says "show me the money!" :eyepoke: I guess when it comes to profits, more is always better for the corps! After all, people will still put gas into their vehicles and take holidays on crap carriers...thank gawd I'm getting into biking not because of the $$'s, but because I want my two wheels of freedom!

Thanks for sharing that gem!

[Matt Bleck]

LPG is looking pretty good at the mo...

[idb]

On my way to work this morning I saw some people on funny things that look a bit like anorexic bikes without the motors.
I don't know exactly how they work but I'm guessing it's some form of alternative energy.
I shall call them.............motorlessbikes........

[wysper]

yeah idb,

you are right.. strange vehicles indeed. I was forced on to one when a combination of my last bike crapping out and the birth of my beautiful we daughter.

It has saved a fair bit of money though... 18mts on I am a little fitter, bad badly missing two wheels WTIH a motor

[Lou Girardin]

It's just the same as Enron did with the Californian power crisis. Manipulate the supply, then cream the profits as demand sends prices soaring.
And no-one says boo, because the 'most powerful nation in the world' (tm) is in the pockets of big oil. Georgy's mates.

[idb]

It's just the same as Enron did with the Californian power crisis. Manipulate the supply, then cream the profits as demand sends prices soaring.
And no-one says boo, because the 'most powerful nation in the world' (tm) is in the pockets of big oil. Georgy's mates.

Same as the gummint power generation SOEs.
Build hydro lakes in the lowest rainfall area of the country then cite lack of water.............fiendishly clever!!