Petrol Price crisis......

[Kil4Collingwood]

Originally Posted by EFXR65spd

Someone sent me an e-mail which could be a load of rubbish but I think it could work. I have noticed for some years that BP seem to dictate the retail price of fuel. The local BP put the price up one day, and the following day the other servos follow suit. And it boggles the mind to see muppets lining up to buy at BP when it's 10c cheaper down the road. The e-mail suggested boycotting BP, therefore forcing them to lower prices to be competitive, and hopefully the other companies would do the same to remain competitive.

More to the point, I too feel that we pay too much tax. Your income is taxed before you get it. Everything you buy with the money left over is taxed. I wonder what the average percentage of our income ends up with the tax man......

I figured it out one week awhile ago, kept my payslip and receipts for EVERYTHING I purchased and after fuel, bills, shopping etc turned out to be around 60% or so, and I don't even drink or smoke god help you if you do.

And to top it off the tax office sends me a letter at tax time DEMANDING more money.

I honestly believe the only difference between our "democracy" and communism is we choose between two monkeys who will dictate our lives.

And where can I get my "I didn't vote for Kevin'07" bumper sticker?

[GSH]

it`s seriously controlling people and our lives..........

[bob^]

Long term, I don't think the high petrol prices will be a bad thing. Hopefully with the technology we have now compared to the last oil crisis, it will push the development of alternative fuels and we can reduce our dependency on oil.
The high prices will turn around and bite OPEC on the ***.

[Bearman]

Alternative fuels will then be taxed to the buggery!! Look what's happening to LPG, an excise to go on soon (unsure of when exactly). I could convert to LPG and would make sense but I could also take public transport to work as well (as much as I loath PT) and make a similar saving.

Carbon trading & a carbon footprint tax?? It'll happen. What a god damn scam!!

[bob^]

Originally Posted by Bearman

Alternative fuels will then be taxed to the buggery!! Look what's happening to LPG, an excise to go on soon (unsure of when exactly). I could convert to LPG and would make sense but I could also take public transport to work as well (as much as I loath PT) and make a similar saving.

Carbon trading & a carbon footprint tax?? It'll happen. What a god damn scam!!

I wouldn't call a 12.5c/litre excise taxed to buggery.
And yep, it's all a scam in my eyes too. Scare the people into thinking climate change is their fault and thus making it okay to put a tax on it. Just like the "alco-pop" tax is in the interest of the poor little kids.

[bEAn86]

it isnt too bad, i often fill up on thursdays, its heaps better, no line ups, i can pick the pump i use (i only use odd numbered pumps) ,ect. The few bucks u lose are made up for time that isnt lost!

[last fairlane]

Hi all
Id like to make some comments first I drive Mack semi it costs my boss at least 300 litres a day @ $1.70/litre multiply that by the ten rigs we have thats $5000 per day what the hell does linfox spend then?
Im 60 and when I was doing my apprentaship back in the sixties a grade mechanics got $40 per week I got $15 to start and finally got $40 after 5 years
now work out the percentages here Super petrol cost 40 cents a gallon about 8 cents per litre Diesel was 20 cents per gallon about 4 cents and Kero was 10 cents a gallon about 2 cents a litre
lets do the maths here Im not sure of Mechanic wages these days but I would reckon it has to be $1200 a week at least if not you should be in a truck OK so $1200 / week to $40 per week is 30 times OK now petrol @ 8 cents X 30 = 240 ie $2.40 so to my way of thinking we pay less now percentage wise
is there any one else that can remember the cost of fuel and parts back then
get on board and tell us your experiences with fuel
sorry for the long letter thanks JOHN

[XplosiveR6]

Originally Posted by last fairlane

Hi all
Id like to make some comments first I drive Mack semi it costs my boss at least 300 litres a day @ $1.70/litre multiply that by the ten rigs we have thats $5000 per day what the hell does linfox spend then?
Im 60 and when I was doing my apprentaship back in the sixties a grade mechanics got $40 per week I got $15 to start and finally got $40 after 5 years
now work out the percentages here Super petrol cost 40 cents a gallon about 8 cents per litre Diesel was 20 cents per gallon about 4 cents and Kero was 10 cents a gallon about 2 cents a litre
lets do the maths here Im not sure of Mechanic wages these days but I would reckon it has to be $1200 a week at least if not you should be in a truck OK so $1200 / week to $40 per week is 30 times OK now petrol @ 8 cents X 30 = 240 ie $2.40 so to my way of thinking we pay less now percentage wise
is there any one else that can remember the cost of fuel and parts back then
get on board and tell us your experiences with fuel
sorry for the long letter thanks JOHN

There is no way a mechanic is getting $1200 a week, unless they run their own business or a very good supervisor. i would be thinking of more along the lines of $700-$800 a week

so $800 / $40 = 20 times, 20*8= $1.60cpl

[vztrt]

Originally Posted by last fairlane

Hi all
Id like to make some comments first I drive Mack semi it costs my boss at least 300 litres a day @ $1.70/litre multiply that by the ten rigs we have thats $5000 per day what the hell does linfox spend then?
Im 60 and when I was doing my apprentaship back in the sixties a grade mechanics got $40 per week I got $15 to start and finally got $40 after 5 years
now work out the percentages here Super petrol cost 40 cents a gallon about 8 cents per litre Diesel was 20 cents per gallon about 4 cents and Kero was 10 cents a gallon about 2 cents a litre
lets do the maths here Im not sure of Mechanic wages these days but I would reckon it has to be $1200 a week at least if not you should be in a truck OK so $1200 / week to $40 per week is 30 times OK now petrol @ 8 cents X 30 = 240 ie $2.40 so to my way of thinking we pay less now percentage wise
is there any one else that can remember the cost of fuel and parts back then
get on board and tell us your experiences with fuel
sorry for the long letter thanks JOHN

The government gives a rebate on diesel fuel (use to be 17.5c/l but its higher now) to commercial trucks. If your GVM is over 20T then there is a full rebate below that is only if you leave you home city.

But I get your point.

[EgoFG]

Originally Posted by bEAn86

(i only use odd numbered pumps)

OK, someone has to ask ... why only odd numbers ?

[drew`SEVNT5]

Petrol costs were starting to pinch, so I took the XR6T off the company car allowance, parked it up, drive it on weekends(which is nice that the KM's I do in it are for pleasure only purposes, rather than the drugery of work) and took a fully funded company car...


Hence, I don't care any more.


A good by-product of high petrol costs, is the freeways seem a little less congested...

[WASP]

The rising price of fuel has actually given me the perfect opportunity to do something I thought I would never do. For the more mundane weekly commuter duties I have resumed using public transport a few times a week now or using an economical practical vehicle to go to the office. I have to admit I’m not one to focus too much on the cost of fuel being a performance car enthusiast. The motivators for me were more around setting a good example for my kids and staff, plus being an owner of a highly modified vehicle I wanted to use it more for enjoyment and less as a taxi.

I’ve found the whole experience quite interesting so far. The GT has become that special car again that I really look forward to driving on occasion and on the weekend. I no longer worry about where it’s parked and what obstacles I will need to negotiate with it in the city. The money I save during the week I now spend on the weekend driving it for fun instead of weekly commuter duties.

My staff are shocked that their ‘rev-head’ Boss is not above ‘bussing’ it to work like some of them do, while my kids (8 & 10) are proud that their Dad is ‘trying’ to look after the frogs and their environment to

Colville

[fordfan351]

I read on the CNN website today that the US is preparing for conflict with Iran...Analysts have predicted fuel around the $3 a litre mark in the event of this conflict becoming a reality. At $3 a litre society as we know it breaks down.

http://www.cnn.com/2008/WORLD/meast/...ran/index.html

Buckle Up!!

[XR06T]

Originally Posted by fordfan351

I read on the CNN website today that the US is preparing for conflict with Iran...Analysts have predicted fuel around the $3 a litre mark in the event of this conflict becoming a reality. At $3 a litre society as we know it breaks down.

http://www.cnn.com/2008/WORLD/meast/...ran/index.html

Buckle Up!!

doesn't bush and his family own a oil company in texas? bet he's ****ed that the price of oil will rocket if he chooses to invade another middle eastern country...........................

[DOC]

The last time i fueled up was easter, I need to get out more i think, but i am up to 12K ( or so ) on the clock in the 2005 Mk!!.

[ogtrip]

How can I afford to sniff petrol now!

[fordfan351]

I am quite sceptical of the above website, all seems a bit dodgey pay a website and every petrol station will just give u upto 50 cents a litre of your costs, somehow I dont think so.

I googled the name of the website and it sent me to a site called ripoff report.com so appears this is possibly a scam, be great if it wasnt but when it looks to good to be true it usually is.

[snappy]

I may be way off the mark here .But its seems to me oil went up around the time the U.S.A got there hands on it in iraq.

[King Nothing]

Well guys don't ever expect it to drop down again, and be ready to be paying it for the next 50 years. As I said in the other thread, I've just come back from a conference which had presentations from global resource experts. The world will be dependant on fossil fuels for at least the next 50 years, it simply isn't possible with current and foreseable technology to economically replace it.

Now it won't be conventional crude powering the world, it will be things like shale oil and oil sands. Which is a shame, because these processes are more expensive to operate, not to mention more polluting. So when they replace traditional crude, it will NEVER drop back down significantly as the production costs are higher. They will still be turning a massive profit, but the big oil companies will want to maintain the margin.

The world has used about ~1 trillion barrels of oil. The canadian oil sands alone has about 1.7 trillion barrels. Venezuala has a hell of a lot as well. We have so much it isn't funny. Then there is shale oil. There is about 2 trillion barrels in North America. Even relatively unexplored Queensland has about 16 billion barrels. At around $140/barrel, that is hundreds of trillions of dollars, far too much money for any corporation or government to ignore. And then there is coal-to-liquid technology, God knows how much oil we can get from that.

There is nothing wrong with the technology, it works, it's just been the economics that has held it back. There has been about 3 waves of interest in shale oil, the biggest being during the oil crisis in the 70s. Heaps of money was poured into projects, but when oil dropped back down again the money didn't make sense. But this time, if we really are running out, then these technologies will come out to play.

So be prepared to be shafted for the next lifetime. My prediciton is that biodiesel and electric cars will be on the road, but won't be the majority for some time as they are relatively expensive at the moment (for your average battler anyway), and will probably be held back by oil interested anyway.

My own little crazy conspiracy is that the US is deliberately trying to use up arab oil before they release their own sources, and developing the technology in the meantime. Look how rich the arabs are, now imagine that money in a stable western democracy. The US would control the world for another century!

Now chuck in carbon taxes. China has recently commissioned 800,000 MW of coal fired power stations! They are not going to shut them down, so if the world takes on a carbon tax system, it will have to be sequestered at massive cost.

The idea is we need to reduce emissions, generally by controlling emissions compared to a previous baseline. This could potentially be used to stunt the progress of developing nations such as China and India. Let alone Africa when it eventually gets going, if ever.

So the situation would be, the arabs have no oil left hence no control, the US controls the majority of the world's supply of oil, developing nations are strangled by carbon trading schemes, or simply by costs controlled by the US. And we keep paying massive amounts to fill our falcons until our grandkids are old men. The question is, who would we prefer to control energy? The yanks or the arabs? The only upside I could see is that Australia does have large reserves of shale oil, not massive but could help insulate us. Surely I'm not that crazy?

[ea90gl]

Originally Posted by snappy84

I may be way off the mark here .But its seems to me oil went up around the time the U.S.A got there hands on it in iraq.

sounds about right, they spend billions to get hold of the oil once its in thier hands prices skyrocket to try redeem some cash. It wouldnt surprise me at all

[ltd]

Originally Posted by snappy84

I may be way off the mark here .But its seems to me oil went up around the time the U.S.A got there hands on it in iraq.

Snappy, no offence mate, but you are way off the mark.
Oil started increasing in 2000, where it went from US$10.70/barrel.
In 2001 it went up 300% to $32.00/barrel, and in February 2003 when the USA went into Iraq it was around the $100/ barrel.

One of the biggest contributing factors to the oil crisis right now is the subprime crisis in the USA. This has forced market speculators into commodities such as oil, and they have hedged prices to the extent that they are now. Furthermore, oil suppliers are reluctant to increase production for they fear that they have already oversupplied oil on the basis that there is an immense amount of oil stocks ready for shipment, but awaiting an actual buyer.

If you cast your mind back to the IT boom late in the last century and the bust earlier this century, it demonstrates clearly what hedge based buying can do. In the airline business, most of the upper echelons in the know predict the price of oil to be back around $105.00 per barrel by November.
Another thing, the price of oil is cyclical in so far as rallying prices and boom/bust sequences.

In the 70's when the world experienced its last oil scare, the price pressures forced markets to invest heavily in alternative energy. This led to developments such as the worlds first hydrogen powered cadillac; driven and promoted by no less than Jack Nicholson. After demonstrating to the oil producers a capacity to not need to rely upon their only source of trade, the oil board (now OPEC) lured the world back to oil with lower prices. After the shock and meltdown of financial markets on the back of an oil driven global recession, OPEC will again ask us to trust them as they again try to lure us into a false sense of security based on their product.

Some say their profiteering has gone on too long and that more is known about the downside to their product, rendering oil obsolete in the future and rightfully punishing OPEC nations for their greed. I say, bring it on.

[SSbaby]

Originally Posted by ltd

Snappy, no offence mate, but you are way off the mark.
Oil started increasing in 2000, where it went from US$10.70/barrel.
In 2001 it went up 300% to $32.00/barrel, and in February 2003 when the USA went into Iraq it was around the $100/ barrel.

One of the biggest contributing factors to the oil crisis right now is the subprime crisis in the USA. This has forced market speculators into commodities such as oil, and they have hedged prices to the extent that they are now. Furthermore, oil suppliers are reluctant to increase production for they fear that they have already oversupplied oil on the basis that there is an immense amount of oil stocks ready for shipment, but awaiting an actual buyer.

If you cast your mind back to the IT boom late in the last century and the bust earlier this century, it demonstrates clearly what hedge based buying can do. In the airline business, most of the upper echelons in the know predict the price of oil to be back around $105.00 per barrel by November.
Another thing, the price of oil is cyclical in so far as rallying prices and boom/bust sequences.

In the 70's when the world experienced its last oil scare, the price pressures forced markets to invest heavily in alternative energy. This led to developments such as the worlds first hydrogen powered cadillac; driven and promoted by no less than Jack Nicholson. After demonstrating to the oil producers a capacity to not need to rely upon their only source of trade, the oil board (now OPEC) lured the world back to oil with lower prices. After the shock and meltdown of financial markets on the back of an oil driven global recession, OPEC will again ask us to trust them as they again try to lure us into a false sense of security based on their product.

Some say their profiteering has gone on too long and that more is known about the downside to their product, rendering oil obsolete in the future and rightfully punishing OPEC nations for their greed. I say, bring it on.

No offence either but I think you've overlooked the effect that speculation of war had on the oil prices, pre-Iraqi invasion. It happened to coincide with the period you describe.

Talk of invading Iran is reason enough for investors to justify buying up more quantities of oil. :togo: Never have I witnessed the world just stand back and allow Bush and Cheney (on behalf of Israelies everywhere) to control the world for the purpose of enhancing their own personal wealth.

I'd say the American's have a lot to answer for wrt the crisis we are now facing. The oil crisis has already destabilised the world economy and it's only going to get worse as oil is the only thing that will get the US out of the hole it's in right now. Only the rich profit from such crises while the middle class begin to struggle and the poor start begging in the streets in increasing numbers as people tighten their belts and give less to charity.

[HTCURRY]

--------------------------------------------------------------------------------

[Stefan]

Siomeone pointed out something interesting to me today. Fuel prices hae more than doubled in the last year as a result of an increase in oil prices yet Engine oil, tyres and rubber products have stayed somewhat static in comparison but are made from the same oil?

I wonder why that is?

[cupic]

Originally Posted by snappy84

I may be way off the mark here .But its seems to me oil went up around the time the U.S.A got there hands on it in iraq.

Wait until they try for Iran!!!



cheers

[snappy]

invade another country put the price up again. Pipelines don't grow on trees.
I got to stop reading these they just make me angry .

[turbo4me]

Not to mention little NZ has as much oil as the north sea.

[Plugg3r]

The worst bit of all this is all the major countries *Defiantly including Australia* are sitting on a gold mine of oil and aint going to touch it until they need too.

So until then *And probably then* we still we be paying BS prices for fuel.
Proven easily at the price of Diesel..

I think the cheapest option right now is move to Saudi Arabia where the fuel is flowing into your V8 at 0.17c p/ltr

[XplosiveR6]

Originally Posted by Plugg3r

The worst bit of all this is all the major countries *Defiantly including Australia* are sitting on a gold mine of oil and aint going to touch it until they need too.

So until then *And probably then* we still we be paying BS prices for fuel.
Proven easily at the price of Diesel..

I think the cheapest option right now is move to Saudi Arabia where the fuel is flowing into your V8 at 0.17c p/ltr

I think you will find that pumping oil from australia and simular nations simply arnt finantually viable until petrol becomes more expensive. So it probobly wont drop in price at all. This is the reason why some countrys with large oil reserves are not using them yet.

[old_mate]

Luckily I have a company vehicle, my Diesel Hilux sits in the garage. While i can afford to drive it on weekends I prefer not to, due to 20 bucks basically buying 120klms worth of driving.

It's getting to a point where im going to offload my XY soon while the muscle car/replica thing is big and people can still almost afford to fuel a cleveland. Will probably step back into a RS2000 esky or a SR20 powered Datto 1600. Such a shame, buy hey, that's life