what the f***

I paid $1.27 tonight for STANDARD unleaded, for premium they wanted $1.38

normally i got premium, but f***ed if i am paying a buck fourty for it!

Your in sydney, We use to pay around 90-1.00 at the most, now im paying at least 1.05 its f***en terrible. I don't know whats going on with fuel prices.

yer, im slightly scared

my car gets about 300-350ks to 55 litres presently (premium also) so its costing me a fortune

petrol prices are the only thing that will make me give up my baby

last edited by Spook at 21:21:02 23/Aug/05

$2 by christmas I predict. I already spend about $120 a week on petrol now.

my car gets about 300-350ks to 55 litres presently (premium also) so its costing me a fortune

lol

400+ to 50 liters and I get there twice as fast

yer, i get there looking better and with more room though!

new o2 sensor going in during next round of mods, so im hoping it gets better (also a tune)

heh, i get 200k's to a 50l tank

i think i need a tune

760 to a 50ltr tank.. I WIN.. well i don't have a 50ltr tank i do have 25ltr tank and i get 380 to that :p

nah man, just bring your coles docket and you will save a whopping total of 20c on an already massively pre-inflated fuel price.

next time i fill up my soarer i predict its gonna crack $80. tis boools*** :(

my car gets ~1200 k's per fill

diesel is so hot right now

i fill up the daewoo once every 3 weeks or so.

though i was a tad shocked when it cost me $42 the other day to fill. the woo was thirsty!

Your in sydney, We use to pay around 90-1.00 at the most, now im paying at least 1.05 its f***en terrible. I don't know whats going on with fuel prices.

People are getting stingy selling oil to US and Australia. Among many other factors for going to war in Iraq and the area the war gives US and allies access to precious precious oil cheaper then getting it from OPEC and friends. Well that was the plan it went a bit sour cause US thought Iraq would be a pushover.. HA.

Dont worry tho, when the war is over the fuel prices will steady. I doubt they will get cheaper tho. Also Oil is limited in supply. So as supply drops demand increases and prices get more expensive. Get used to walking, public transport and car pooling. The days of driving 5km's to Maccers are coming to a close.

Lucky for me work supplies me with most of my weekly fuel but still I use about $60 worth of fuel a week. I'm moving closer to the city. Should save a lot more money. City needs more dense living. This whole urban sprawl bulls*** is going to bite us in the ass and the thing is, the outer suburbs are the cheapest to buy houses in but obviously you need to drive further if you want a job somewhere other than maccas or kfc.. So in the end the people with the least amount of money are the ones going to be f***ed in the arse by high petrol prices.

yeh I only get ~330k's per tank at the moment, usually lasts 2 weeks

cost $65 to fill - sux :/

might have to get me a mazda 121 or something :p

Don't bitch. get used to it. It won't get cheaper for a fair while yet. and will only increse in cost further.

Hate blowing money? Take public transport =P

cept QLD PT = s***. only 1 train line. ONE. from coast to coast. And buses outside the CBD are inconveniant at once per hour.

ah, my festiva is looking good now :)

So in the end the people with the least amount of money are the ones going to be f***ed in the arse by high petrol prices.

well thank you Captain State-the-Obvious!

So in the end the people with the least amount of money are the ones going to be f***ed in the arse by high petrol prices.

They'll also be the first to lose their jobs though, which will save them money.

Also, 45 litres gets me around 380-400kms.

Touge significantly reduces that however.

last edited by nF at 21:48:20 23/Aug/05

erm there's more than 1 train line, i can think of a few off the top of my head. caboolture (sunny coast), shorncliffe, robina, ferny grove, that other one which has the red line, goes out near ippy somewhere. I think theres a few more dunno.

Also, fuel prices suck balls. Makes me glad a drive a little girly car.

You drive an old Ford, Spook? I get about 5-6Km/L atm too. And no more Super in my area now. So I'm looking at ~$1.15/L for Unleaded 95 + $2.50 for one of those additive syringy things. NOT f***ING HAPPY JAN. I love my car though :(

What he was saying is that there is only one line in any given direction. The Caboolture line is 1 track each way. Same goes for the gold coast line, ipswich line and shorncliffe line...

Heardy, dammed right... plus you can rally it if you want aswell with not much modification :p

Yeah Spook drives a rusty old Ford and loves it.

Hm, last time I was in Sydney (July this year) the three train lines I rode on only have one pair of tracks going each way.

With country pack... (oh and 4 doors, but ones rusted)

Mazda 323 - Around 600km per 50L tank and I'm within 10km of most places I need to go so it's only an inconvenience for me at the moment, but it doesn't want to push too much higher.

What he was saying is that there is only one line in any given direction. The Caboolture line is 1 track each way. Same goes for the gold coast line, ipswich line and shorncliffe line...

Of course you'd want 2 train lines going in the one direction. Makes perfect sense to me.

Don't bitch. get used to it. It won't get cheaper for a fair while yet. and will only increse in cost further.

get used to it? why the f*** should we get used to it? thats how you get jammed up the arse. This is beyond a joke and the sad thing is, its just gonna get more expensive.

luckily i sold my 323. that thing used to chewwwwwwwwwwwwwwwww.

Of course you'd want 2 train lines going in the one direction. Makes perfect sense to me.

HAHA, zing. One point for nF. They're putting some extra tracks in near my place for freight trains. That makes sense, cos I imagine a train carrying a buttload of metal or something is gonna be a bit slower than a train carrying people.

They really should have half a dozen tracks running beside each other.

Much more efficient.

http://img357.imageshack.us/img357/1010/rs00161oc.jpg

Quick question, why are fuel prices going up ? The war that apparently ended sometime last year? Or are we just crazy on tax.

Hahahahhahahahha. Dimo just showed me that one!

Of course i was referring to one line from the GC to B'city. (basically no rail network in the burbs. one direct line from coast to city.)

Not every little branch off or one line entirely. Pfftt.

get used to it

so true, its going to stay around this price and will go higher, Iraq War, hype about China's growing need for fuels and USA's general s***ty policy with the middle east is to thank all this

Quick question, why are fuel prices going up ? The war that apparently ended sometime last year? Or are we just crazy on tax.

In essence, the fuel prices are going up because the world demand for oil is about 58 million barrels of oil a day. However, the world only makes about 52 million barrels of oil a day.

Most countries are running at 100% capacity.

Long story short, in times of global unrest all countries start hording essential commodities. Right now we have the US f***ing around in Iraq and eying Iran and China and Russia joining forces to deter the US from coming any closer. This is global unrest and all countries concerned are building their reserves of oil. This combined with the fact that oil is running out quicker then expected is pushing prices up quickly.

Of course you'd want 2 train lines going in the one direction. Makes perfect sense to me.

Yeah but homosexuality also makes perfect sense to you as well.

My point is that by only having one inbound and one outbound rail line you're severely limiting the amount of traffic you can have on said lines. Most of the stations in Brisbane have 3 tracks in the station itself (usually one is used for freight trains to run through the platform) but only two actual rail lines. And any additional tracks you see being laid are more than likely just sidings, not an entirely new line...

last edited by Hunter at 22:37:21 23/Aug/05

Links to studies on oil reserves running out - no later than 2003 that you're getting this info from pls kthx.

Hahaha I can see it now.


China: 'Our econmy is booming. We need lots more oil.'
*China eyes worlds oil reserves
*USA and allies eyes China poking sticks into their reserves
USA: 'shiite we only have enough oil for us, get your greedy mits off'
*China eyes the world oil more intently
USA: 'What the! Quick lets pre-empt China's attack on us by attacking them now, then we can take all their oil too. YAY!'
People of the World: 'WTF! What makes you think they are going to attack you?'
USA: 'They have big weapons, almost as big as ours, and they look funny.'
People of the World: 'So do you, why shouldnt we attack you?'
USA: 'Because we are bigger then all of you MUAHAHAHAH'
People of the World: 'If you attack, people will hate you'
USA: 'that is ok, we can distract them'
People of the World: 'HA, asif, where on to you..'
*USA points in a random direction
USA: 'LOOK! .. A monkey!'
*People of the World look.
USA: 'hehehe suckers'


BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMM the world is in ashes.
Natural Selection 1. Humans 0.

So anyways.....i got a 40L tank and i got about 450 km's out normal unleaded fuel.

The other day i paid $1.25 a litre for optimax =(

Fill up small tanks/containers with every normal top up. Overtime you'll have a nice supply at home. Save you good $$ in the long run.

p.s Toll, the US already shouts BOOYAH! at the thought of eventual priority access to cheap arab oil.

I demand the US to address me by "the arab prince" otherwise i'm leveling this muthah.

Petrol prices cycle in price over the week. Generally I think Tuesday is the cheapest and Sunday the most expensive, something like that.

Also the wollies save 4c a L wont do much when paying $2/L hhah.

Thursdays are the more expensive...in preperation of the weekend and more people driving everywhere.

Loki who are you talking to?

If this s*** hits $2/L I'm buying a bike. The Europeans are paying like 2.4 Euro a Litre or more!! Now that sucks.

If this s*** hits $2/L I'm buying a bike. The Europeans are paying like 2.4 Euro a Litre or more!! Now that sucks.

Of course in Europe you can travel to entirely different cultures in an hour or two. In Australia you just made it to the next major city.

typo:- anybody who is using any numbers to try and support their post or purporting to it.

I'm not saying they're wrong or inconceivable, I'm really just interested.

OIL prices pushed upwards overnight as the traditional weekly report on energy stockpiles in the United States shifted into focus, while traders kept an eye on geopolitical factors.
New York's main contract, light sweet crude for delivery in October, climbed 10 cents to $US65.75 per barrel in electronic trade. The September contract expired Monday at $US65.45.

In London, the price of Brent North Sea crude oil for delivery in October added 11 cents to $US64.61 a barrel.

Loki

supply and demand

eis home page

wikipedia ftw

thanks typo..

Going off some of that info and predictions, looks like we are indeed in bigger trouble sooner than we'd think.

Things will get pretty f***ed for a while.

Solar power technology has come a long way, is it even starting to get close as a viable energy source over oil tho?

It's too dependant on wheather conditions.

Fusion power is the next huge breakthrough. It's clean, extremely renewable in any quantity, has no chance of a catastrophic meltdown occuring like with current nuclear power. (Fission.) and many other benefits i can't remember right now. It's the ultimate next generation power source. There's also talk about cold fusion, the holy grail of power supply. Extremely cheap, extremely clean, unexhaustable supply. But this is much much harder to create than regular fusion and thus remains just an exciting probable scientific theory.

But the sheer magnitude of it finally being pulled off successfully, reliably, safely and consistently is hard to quantify. It will solve world energy concerns just like that. *clicks fingers* Of course such awesome power would affect certain current structures of society and industry in a negative way. hence thier are very powerful people and places secretly trying make any progress on such discovery as difficult and slow as possible. You have to realise, that with every great or miricle invention there are strong competing interests both for and against. The greater good does not come into it.

Peak Oil?

yawn.

what the f***

I paid $1.27 tonight for STANDARD unleaded, for premium they wanted $1.38

normally i got premium, but f***ed if i am paying a buck fourty for it!

So what are ya gonna do about it?
I sold my car and public transport it now.
f*** those prices to hell.

motorcycle baby. $15 a week fillup @ 50kms a day

I guess us bike-riders don't seem so dumb now eh :D gotta love ~260k's to a 15 ltr tank.

Silly cage drivers.

But the money you save on petrol you have to invest in a funeral plan. So you really aren't saving much.

*hangs bait*


last edited by mission at 09:20:03 24/Aug/05

In casualty in hospital, there are more motorcycle accident patients than heart attack victims.

I was just in NZ - the prices over there were at least $1.40/L. Cab driver told me it was averaging costing $80 for a tank of gas for him.

hohoho! motorsickles == teh death! LOL~!

My 1995 Honda Accord (Standard Driving) : ~10.6L / 100klms.
My 1997 Honda XR600RJ (Standard Riding) : ~4L / 100klms.

I think I'll be commuting on my bike for a while, risking my almost certain death!@#!!

55 litre tank gets me approximately 480 clicks per tank city / some highway driving. I notched up 540 clicks on my last tank, but that included a trip to maleny which meant lots of straight open roads. It's about $65 - $70 now to fill the tank up with premium fuel. Time to switch back a motorcyle or move closer to work....hummmm.

I'm not overly bothered. My car gets pretty good economy and I generally only have to fill up once a fortnight.

In casualty in hospital, there are more motorcycle accident patients than heart attack victims.

But what about the ppl that have heart attacks whilst riding motorbikes?!!?!

I also heard that statistically i'm more likely to get killed by a coke machine than eaten by a shark so i've given up coke to make way for my new hobby of swimming at sea world.

Seriously though - i'm not at all surprised that there are a f***tonne of motorbike riders in accidents. Cause lets face it - bikes are tosser magnets and i'll be the first to admit we've got our fair share.

You'd have the same problem if all cars had the same sort of power that bikes do (i realise you can have high performance cars but they're just that - an average bike has a lot better power/weight ratio than most cars out on the road)

/derail

Blood group on inside of jacket ftw!

Viva la capatalism and woolworths.

13.8L/100kms on my last tank but I'll be f***ed if I'm giving up my rotah because of high fuel prices! 9000rpm all the way BABY

All the way to the next petrol station.

Booyah WINS! Flawless, Victory.

Wait i'm not finished with him yet.

While you're there go take a leak in the white house for me.

ULTRA COMBO KNOCK OFF VICTORY.

^ you wasted your 4000th post on that

and now i'm going to waste my next post on you.

on fire!

The 'Clever Car' (1.5l/100klm) doesnt look so poofy now... does it f*****s?

http://news.bbc.co.uk/1/hi/technology/3610083.stm

demon, I demand you drive the car instead

Maybe high petrol prices are a secret conspiracy to tackle the obesity problem. Such wisdom in our government!

I get about 350-400kms to my 45 litre tank.

last edited by benneth at 14:45:58 24/Aug/05

I don't see a problem with things such as the clever car... IMO personal transport devices are the way of the future. If they existed, were affordable, and I didn't have to worry about being squashed by bigger vehicles, I'd own one to drive to and from work. Brisbane needs some sort of dedicated corridor for personal transport devices - and the vehicles themselves should be subsidised by the government. Smaller, single/twin seater vehicles are a lot smaller than fully fledged cars so less congestion as well.

*shrug*

Yeah i agree, 4 door whales dont belong on the road but in the dead sea.

'the precious juice'

http://img365.imageshack.us/img365/3169/madmax25nv.jpg

lol ^

Tiny BMW runs on water

http://motormouth.com.au/myresources/alternatefuelsarticle.aspx?article=200508_BMW

No it doesn't, it runs on hydrogen - it emits water.

last edited by exo at 15:29:31 24/Aug/05

Check this out:

http://motormouth.com.au/myresources/alternatefuelsarticle.aspx?article=200507_civic

f***in unbelievable! We have prolly the largest Natural Gas deposits in the world and the f***in yanks are filling their honda civics up at HOME ffs. f*** we are a dumb c***ry at times.

Link is broken.

im too lazy to search atm but I think there is a difference between LPG and Natural Gas, anyway yeah we do have one of hte largest natural gas reserves thanks to invading east timor too :)

when i was in europe LPG was 3 to 4 times more expensive than it is here and normal fuel twice as expensive (80 pence in the UK and 1.2 - 1.4 euro in europe sometimes even 2 euro which was weird)

Just went for a walk down the road and saw the local petrol station price. 12sek/litre = $2/litre and that isn't the most expensive. I have seen it up to 14sek/$2.35 in Stockholm, THAT bites. I may rethink getting a car here. The big benifit is the public transport system is so superior to anything in Australia.

Everyone else can run on natural gas, i'll keep to the ultimate thanks.

i hope the fuel prices soar . need to motivate people to stop poluting the earth . hit em in the wallet is the best way

^^ I'm buying a V8 just to piss you off ok :)

i'm buying a magna to look kool joe.

btw, not sure if mentioned in this thread -
http://motormouth.com.au/webwindows/cheap_fuel_ourbrisbane.aspx

wifey did good tonite
filled up for 1.15 premium at fairfield bp

price had just dropped 8c a litre 20 minutes before she went in the nice counter person told her

wednesdays are good days to fill up

Its a sad country we live in, fuel is getting expensive but everyone needs it so we'll keep on paying out of our arses for it.

As for the discussion of LPG, if everyone in Australia converts their cars to use LPG it isn't going to fix the prices of fuel, because as soon as everyone uses LPG watch the prices sky rocket thanks to the Government's levy on fuel. It happened to Diesel and if LPG becomes popular enough it will happen to it aswell. Although with diesel, 1 Litre goes further, without thinking about the debate of how diesel engines require more maintenance and servicing costs so therefore end up costing about the same as a petrol car.

anyway I try not to think about the price of fuel when I go to fill my car up, just makes me cringe thinking about my parents when they had their 98 V8 Landrover discovery, 4kms to the litre wooot. :P

uhhh why are you saying its a sad country, theres countries with fuel much cheaper than hear, in fact we have some of the lowest fuel prices in the world

The crude oil prices just hit a new record high ($US67.40 per barrel) overnight on wall street. So brace yourselves for more price hike. And when the northen hemisphere goes into winter the prices will be high for the next 6-8 months.....

I just paid over $3 a gallon for the highest rated fuel (91). :(

^^ Ouch dude.

Now I'm considering getting rid of my 6 and getting a smaller car. But if I wanted a smaller car I would want something fast, which would ultimately make me lean towards a turbocharged car, which would put me in a worse position. But at least I would have lots of fun in the meantime.

Single cylinder all the way :P
Even if fuel is at $2 a litre, not going to stop me riding every day and all day on the weekends. even at the price, only $35 a fillup

Me and my 1.3l vvt engine laugh at you all.

What car does your husband drive?

Unlike you and your circle of friends, most guys don't have a husband chakas.

This is an interesting read on the theory of peak oil.

Whether you agree with it or not, it provides some interesting food for thought about how we as a civilisation can survive after we have finished extracting all the wonderful oil from our earth, and the viability of alternative fuel sources.

I was paying $1.25 for Optimax the other day, less the 4cents a litre off for the Coles vouchers ect.. Good thing is my Honda Accord Euro is so fuel efficient I only have to fill it up once a month. And it loves the Optimax, acccelleration is so smooth and responsive I never use anything less.

^ how many litres per 100k's for your euro?

I heard a an Echo gets around 6 litres per 100k's on the the highway.

Unlike you and your circle of friends, most guys don't have a husband chakas.

While neither I nor my friends have husbands, it is sad to find out that you carry your balls around in a jar tucked away deep inside your handbag. Do they remind you of better times?

Darius: LPG is Liquid Petrolium Gas, same thing as natural gas. However when you get it at the servo I'm pretty sure it's in liquid form where as gas supplied to homes is piped in gas state. That would explain why you need to leave your car plugged into the home supply over night so it can presurise and liquify gas.

6 litres per 100k's on the the highway.

That's right.
Around town with some serious flogging(from me), Nana's Echo will do 6.8L/100km. Air-con off, overdrive off. And as maxe says, they would have to be the most powerful car in their class. So damn zippy.

^^ Keep telling yourself that and you'll believe it eventually.

Also, fuel prices will come down in the long run. In the short term, nobody can do too much about it but if they continue to go up, people can sell their cars and catch buses / car pool /switch to alternate fuels etc, thus lowering demand and thus the price comes down. Something like that if I remember correctly from Economics 101.

if the normal pulp price goes over 1.40 im turning my car into a dedicated circut racer.

Crunch is right, sooner or later the price comes crashing back.

Dutch tulips in the 1600s.......

Nasdaq crash in the 90s.......

I highly doubt it will come back down. Remember a year ago when it hit 90-95c and then we thought "it will come back down". And 3ish years ago it hit 80c and we thought "s***, oh it should come back down".

What makes this price hike any different?

last edited by Astroboy at 17:49:22 25/Aug/05

would be pretty stupid if it came down in price, i mean whoever is making all the money off it is not likely to say : oh maybe i should sell it for less now cause i feel like not making as much profit as I am now

if they continue to go up, people can sell their cars and catch buses / car pool /switch to alternate fuels etc, thus lowering demand and thus the price comes down

What about all the other non-vehical things that need oil to run, and oil to create, demand would still be up for those sorts of things, that and oil is limited so even as fuel demand lower a little bit supply will lower too, that has got to make the calculations a little harder. :/

I remember back in the day when people thought, 70c/L for fuel! If it goes above $1/L I'm selling my car... Bet they are still driving today.

I rekon people wont really do anything about it as long as the prices rise slowly so people can easily adjust. So in order to keep people driving and the economy happy the government just needs to make sure it dosnt rise too fast. That's my guess anyway.

would be pretty stupid if it came down in price, i mean whoever is making all the money off it is not likely to say : oh maybe i should sell it for less now cause i feel like not making as much profit as I am now

what if they think: hey, the cost of this fuel is less, so if i reduce my price, i'll be able to sell more fuel and make more profit in the end

There are lots of other petrochemical uses for crude oil other than powering cars so it's not just a matter of getting rid or cars to reduce our dependency on oil.

what if they think: hey, the cost of this fuel is less, so if i reduce my price, i'll be able to sell more fuel and make more profit in the end

But they won't sell more fuel. Supply is finite and so selling cheap will only mean a short term gain as you literally burn through your supply. There is much more money to be made by selling at a higher price over a longer period of time.

there are always plenty more tulips to grow, but oil is a limited resource that cannot be replenished once it is exhausted.

what is next nobody knows. i think that in 20 years time we will be looking back at gimmicks like woolworths dockets and laugh.

particularly with china coming online remaining fuel stocks will be spent far more quickly (we are presently consuming 1 million barrels a day - breathtaking amounts really), and we will see oil powered cars only in museums fairly soon i guess.

lol @ the QGL economics forum.

what you are describing Astroboy is commonly referred to as 'the ratchet effect' ie downward price inflexibility. ie what goes up doesnt necessarily have to come down but it sometimes does! *waves finger at Astroboy*

Darius and Persay - basic supply/demand theory. As prices increase suppliers flood the market with product to maximise profits, which causes prices to crash back down quite spectacularly as a result of reduced demand (because of the high prices) coupled with oversupply. *waves finger at Darius*

Oil price could crash easily back to $35, no problem. Could easily go to $100+ as well. Your guess is as good as mine what will transpire.

Personally I don't think this commodities boom is over. People have to park their money somewhere and atm it looks to be in hard assets.

If you reckon crude prices are wacky, myself, like many others have a long-term projection for gold @ $700usd an ounce.

Dosnt matter anyway, nature will kill us before we run out of oil anyway :D

so what do you say about the OPEC cartel limiting supply to sustain this higher standard price? i think that has been completely forgotten.

OPEC owns world oil. Just thier group of countries would have 50% or more of total supply.

did anyone catch that ACA/Today Tonight thing showing you where you could get 50c/L off. Some chicks testomonial was "yeah its real, NO BULL!" I missed it can someone fill me in?

o what do you say about the OPEC cartel limiting supply to sustain this higher standard price?

Invade a country in or near an OPEC oil supply and steal it from under 'em Yyyyyaaaaaaaarrrrrrrrr.

Like Iraq?

Damm that was fortunate. Massive oil reserves, and an evil dictator. What a great cover excuse. :)

http://www.lifeaftertheoilcrash.net/

dont read that if you dont like lying awake at night knowing that oil is tipped to be on its way to $200 US a barrel within the next couple of years.

= approx $4 a litre i guess. Reconsider if wanting to buy a new car. Theya re saying that even if everyone switched to hybrid cars right now, the load on the industry making these cars, and the oil used to make the cars, would still tip us all over the edge.

A_W lets also not foget who put that evil dictator there in the first place ;) also the knowledge that certain families have profited from previous wars. hahah

*shakes fist at the world*

You tell em Booyah.

infi I would say Opec, schmopec. OPEC would be crazy to reduce supply. They have bad memories of the late ninties when crude was 15 bux a barrel. They dont want that. They dont actually want these prices either. If the global economy slumps as a result of crude prices, they will suffer. I reckon OPECs target is $35.

Prices dont (and rarely do) reflect underlying fundamentals. From recollection Saudia Arabia (pretty much the king of OPEC) recently has stepped up production. After the press conference oil price rallied big time. The market is more than adequately supplied. Inventories are at reasonable levels. It is speculation driving up the price.

Basically higher oil prices are the theme at the moment. Once the market finds something else to obsess over everything will change.

For example in the last 6 or 7 yrs there has been maybe 5 IPOs' for energy related stocks (miners, drilling etc) in Australia. In the last 12-18 months there has probably been 30-60. Good for quick money, but not in the long run.

The cash registers are ringing and its only a matter of time before somebody gets their fingers slammed in the drawer. Wasnt that long ago there was a tech company born every second day. We all know what happened next.

P.S. dont quote me on the IPO numbers, I am just going off memory. But you get the picture. Can somebody look it up?


http://img398.imageshack.us/img398/8092/opecwtf6xu.gif

why are you waving a finger at me 0_0 what does it mean, anyway I was just breaking it down so it sounds simple for others, and as for oil coming down to $35 I really doubt that ever happening, the only time we saw a massive drop like that was after the 70's fuel crisis and that was 20+ years ago and the available supplies havent changed since then

catch the bus :) that will fix all your petrol price worries.

I was paying $1.25 for Optimax the other day, less the 4cents a litre off for the Coles vouchers ect.. Good thing is my Honda Accord Euro is so fuel efficient I only have to fill it up once a month. And it loves the Optimax, acccelleration is so smooth and responsive I never use anything less.

i dont like optimax at all and will never use it

car runs better and returns better fuel economy on bp ultimate
i even prefer vortex (ron 95) over optimax

also finding replacements for energy is all nice an dandy but what about all the petrochemical products like condoms etc :| what will happen !!!!!

Darius if you look at that chart you will see the spike in 90-91 when Iraq invaded Kuwait etc.

The price more than doubled in 12 months then slid lower just as quick. at $65 a barrel if the same thing happened price would be within cooee of $30 a barrel.

yeah well these spikes that happen due to war arent that important really, theyre quite obvious why the happen

ahahahahahaah ok thanks for that insight.

Well if that spike dropped as you say, are you saying this other spike that is almost double will drop just as much? Or that it will drop but probably back to 40?
Will it keep rising as long as 'the war' continues? Or will it drop reguardless of what games the US play?

Tollaz0r I could go on for hours about what I think the market could possibly do, but I believe it could drop easily just as much. Without sounding cliche I think that since 9/11 anything goes.

Realistically there are about a dozen factors that will affect prices (in no particular order) apart from the war in Iraq.

Market expectations
US economic performance.
Iran, Nth Korea, Taiwan/China + general terrorist bulls***.
US interest rates.
EU instability.
Japanese economic recovery.
Asian demand for US debt.
China revaluation of the Renminbi(yuan)
Exchange rate fluctuations.
Hurricanes in the gulf.
Climate

the list is endless.

It is impossible to speculate on the future price. For now I say its UP UP UP.

Yeah Scoggex is right on the money... pun unintended...

The EU is a fascinating thing... It has the ability to completely close itself off, and already does in some ways. Such things led to the great depression. However, the EU needs petrolium to shift resources, so it will be interesting to see what happens with the EU.

The factor Scoggex didn't list is the fact that the public are sheep, but others already touched on that. Even if petrol went up to $3 a litre, many of us would just have to pay it and bitch about it on our forum(s) of choice. They really have our balls in a juicer. The world is so petrolium-dependant, and most of the world's media iscontrolled by a few men. There are is so many lies and smoke screens it's hard to predict anything.