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Post by Soro's Sorrows on Jun 6, 2008 22:10:49 GMT
So oil is now $140.00 per barrel up from £35.00 per barrel since Bush was named US President, as a consequence everything is more exspensive. I don't buy this supply & demand line, there is no shortage of oil, this is not Mad Max. A minority of people/companies are making $Billions and we are paying for it. Maybe we need to have a real display of unity with the haulage companies & European fishermen. The current trend cannot go on!  Your thoughts? |
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Post by salopstick on Jun 6, 2008 22:13:44 GMT
these speculator cunts need shooting
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Post by stokey-pokey pudding and pie on Jun 6, 2008 22:17:04 GMT
agree nasher, theres no shortage. just the opportunity for oil companies to make a bigger profit margin, theyre getting record profits (think shell made 8 billion last year) but the prices still go up.
but they only think they can do it because there's not been any protests recently, we need em to see we wont pay it, full stop!
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Post by Malex on Jun 6, 2008 22:22:14 GMT
Unfortunately we will pay it, and do. At worst we'll grumble about it for a while but then ultimately as it's an essential good, we'll still pay it.
we know it
the oil companies know it and exploit it to some degree
the government knows it and exploits it to a greater degree
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Post by salopstick on Jun 6, 2008 22:23:38 GMT
shell use an agency to employ their delivery drivers. these peoples earn over 36k a year but are nearly goiing on strike because the payrise isnt good enough.
the next story on the radio after this was about young soldiers earning 14k when they finish training.
crazy world we live in
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Post by serpico on Jun 6, 2008 22:48:20 GMT
It's because the dollar is losing it's value and all the turmoil because of the war The Bush administration neocons are waging on the middle east,.... Just wait till they attack Iran, you ain't seen nothing yet, get ready for $300 a barrel,..... and all those people cheering on the bombing from there arm chairs, you may not care about the human suffering, but you will care when our economy collapses because of it.
I suggest that if our politicians line up with the small clique of American mad men known as the neo-conservatives (actually nothing conservative about them) for yet another disastrous war to protect Israeli hegemony in the middle east, we all stand up and oppose it vigorously.
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Post by visunitafortior on Jun 7, 2008 0:48:06 GMT
It's because the dollar is losing it's value and all the turmoil because of the war The Bush administration neocons are waging on the middle east,.... Just wait till they attack Iran, you ain't seen nothing yet, get ready for $300 a barrel,..... and all those people cheering on the bombing from there arm chairs, you may not care about the human suffering, but you will care when our economy collapses because of it. I suggest that if our politicians line up with the small clique of American mad men known as the neo-conservatives (actually nothing conservative about them) for yet another disastrous war to protect Israeli hegemony in the middle east, we all stand up and oppose it vigorously. Surely the dollar weakening makes it cheaper for the UK to by it? The oil companies try to make out that it has been caused by the increased costs of finding future oil reserves, however I agree with previous posters and believe that they are making the most profit out of the current market while they can. They won't be laughing when they run out, then again neither will we. |
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Post by Time4aPINT on Jun 7, 2008 1:20:57 GMT
Costs have gone up for the oil companies, there are still loads of oil reserves but it is harder to get those reserves out of the ground but the real problem is the stock markets are buying oil and stock piling it to create a shortage. this will bump up the price even more - then they will sell at a masssive profit.
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Post by stokey-pokey pudding and pie on Jun 7, 2008 1:33:47 GMT
crude prices did rise for oil companies for a while, mainly with the war in iraq(oil was harder to get out of the country and the oil was quickly being privatized and changing hands towards american companies). the irony is that the 'trade' price of oil reached a peak in early 2004, yet sale prices are still rising. the only explanation is that oil companies are using the instability and confusion on the issue to create new markets and increase profits from the old ones.
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Post by stokey-pokey pudding and pie on Jun 7, 2008 1:37:44 GMT
and i agree with thee serpico, IF the US invade iran its gonna be an entirely different scenario. if for example the iranian army burns the oil like the iraqis did in the first gulf war, the price could double over night.
on the other hand, do you thik its possible that companies like shell, bp, esso etc are increasing profits and stockpiling now because they anticipate another iranian crisis(remember the previous record price was the last time iranian oil was embargoed in '79)... or am i just a cynic
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Post by pattayapotter on Jun 7, 2008 2:01:33 GMT
It's because the dollar is losing it's value and all the turmoil because of the war The Bush administration neocons are waging on the middle east,.... Just wait till they attack Iran, you ain't seen nothing yet, get ready for $300 a barrel,..... and all those people cheering on the bombing from there arm chairs, you may not care about the human suffering, but you will care when our economy collapses because of it. I suggest that if our politicians line up with the small clique of American mad men known as the neo-conservatives (actually nothing conservative about them) for yet another disastrous war to protect Israeli hegemony in the middle east, we all stand up and oppose it vigorously. This is bullshit scaremongering. The US will not invade Iran, maybe Bush would but the American people could not stand another war neither could the econemy. Bush and the neo-cons will be gone in the Fall voted out by the American people, so please stop this bullshit anti-Aamericanism trip. |
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Post by Dallas Cowboy on Jun 7, 2008 2:22:22 GMT
I think it is also fair to point out that America's military manpower is being stretched to the limit by the debacle in Iraq and the war in Afghanistan. America doesn't have the troops to invade Iran as well.
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Post by stokey-pokey pudding and pie on Jun 7, 2008 3:19:52 GMT
i agree with the last couple of posts, but lets bare in mind that the US didnt invade iraq because it wanted to but because it needed to, america produces 4% of the worlds oil but consumes 40%, it needs to secure the pipelines from the middle east - especially since venezuelan oil was taken under government control in 2002 and bolivian in 2006. there isnt a global oil shortage, but the us has been on the verge of an energy crisis for 30 or 40 years. so although we could say that americas military is overstretched and it would be political suicide to invade iran, in a few years time they might find new justification (the iranian nuclear power programme for example) and use it to get their hands on the pipelines.
either way i cant see the situation changing a whole lot. prices will continue to rise so long as the oil companies and the government think they can get away with it. globalization has linked our economy to the rest of europe more than ever before, which in turn is linked with the eastern markets, which in turn is currently propping up the US economy. if the us or chinese markets crash we're all fucked!! anyone who has claimed for the last decade that neo-liberalism/thatcherism is the only way, get ready to feel like a right prick!
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Post by serpico on Jun 7, 2008 10:31:47 GMT
It's because the dollar is losing it's value and all the turmoil because of the war The Bush administration neocons are waging on the middle east,.... Just wait till they attack Iran, you ain't seen nothing yet, get ready for $300 a barrel,..... and all those people cheering on the bombing from there arm chairs, you may not care about the human suffering, but you will care when our economy collapses because of it. I suggest that if our politicians line up with the small clique of American mad men known as the neo-conservatives (actually nothing conservative about them) for yet another disastrous war to protect Israeli hegemony in the middle east, we all stand up and oppose it vigorously. This is bullshit scaremongering. The US will not invade Iran, maybe Bush would but the American people could not stand another war neither could the econemy. Bush and the neo-cons will be gone in the Fall voted out by the American people, so please stop this bullshit anti-Aamericanism trip. I never said they would invade Iran, not even the neo-con crazies are proposing that, but i am 80% certain they will strike Iran from the air before leaving office, they will hit the Al Qod's force bases, the US are accusing the Iranians of arming the Iraqi insurgents, a claim which is once again based on no evidence what so ever. In saying that, if they do hit iran and Iran responds, which they would be well within there rights to do so, it could escalate and the US might have to put boots on the ground, it will be either that or they will drop THE bomb on them to break the back of the Iranian resistance, after that who knows what will happen. And you think the neo-cons will disappear after the election ?.... not if John McCain wins they won't, they've infested his campaign, many of the top neo-conservatives are now advising him on foreign policy, added to the fact he's a certifiably insane warmonger who would make Dick Cheney look like Ghandi. If they hit Iran it would be disastrous, they can cut off the supply line to the US forces in Iraq and pretty much hold the entire US army hostage, and they can also cut off the Straights of Hormuz, then you will see oil sky rocket. I don't have much hope in Obama either, he's owned by the same interests, but i guess he's the lesser of the two evils. And please, don't bother with this "anti American" canard, I'm not "anti_American", there is a distinct difference between the American government and the country as a whole. |
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Post by Mr_DaftBurger on Jun 7, 2008 11:13:10 GMT
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Post by serpico on Jun 7, 2008 11:29:37 GMT
Rapture Ready: The Christians United for Israel Tour |
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Post by daverichards on Jun 7, 2008 12:18:16 GMT
As has been said the price of a barrel of crude has gone up through speculators buying future production at a set price and stockpiling it . The oil companies say they make very little money from the actual sale of petrol , this is true but only because of how they tructure their companies . BP is a group of companies, one group drills the oil, another refines and sells the by-products of that oil , and then another bit sells petrol on forecourts . When they say they make very little from the sale of petrol its only that bit that sells it on the Forecourts they are talking about . the rest of the companies make huge sums of money .
The real problem is that most the worlds oil reserves are controlled by a cartel (OPEC) who set limits on the amount of oil they release onto the market , its in their interests to keep the price as high as possible , as oil can be stored without it degrading they are quite happy to sit on any excesse production and rake it in for the stuff they do release onto the market . Demand for Oil has increased dramatically in the worlds 2 most populated countries China and India , which between them have approximatly one THIRD of the population of the planet . In fact China's requirements for pretty much everything they don't have enough of in their own territory is pushing prices up over a whole range of things. Steel, Aluminium, Gold, Platinum the lot . A few years back you had to pay some to take away your scrap cars they were worth so little, now you'll get £85 a ton and more for them and they will collect. Few years back the rag bone men of london were almost extinct , now there are loads of them about in transit pick ups rumaging through skips for wire and monitors and the like to strip the metal from .
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Your thoughts?
