How soon do we see SUL at £1.00 a litre
02 April 2005, 08:46 AM
#31
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Originally Posted by **************
OPEC will have to increase production to try and help reduce/minimise the spike but with places such as China becoming increasingly demanding of oil prices are only going in one direction 
ie, every Wednesday, figures are published in the US which detail the change in levels of the US crude stocks, and heating oil stocks etc....just needs a small surprise in there for futures to get volatile and jump around.
These figures don't reflect global supply issues - they often reflect the fact that a single US rig in the Gulf of Mexico had a small production problem etc. Hardly a global issue.
Add in some analyst from Goldman Sachs speculating on prices of futures, and the markets react. Remember, the analyst (yes, this single person) hasn't changed the current levels of crude stockpiles, nor altered production from OPEC or anyone else.
It's the few hundred people sitting in that trading pit in New York that are living these hyped prices. Making money off it all....
02 April 2005, 09:12 AM
#32
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I know its the traders, I used to do trader support and know what a bunch of to$$ers they are, problem is when they start doing this there isn't a lot anyone can do to stop them forcing the market up with speculation. Only way to combat it is to increase supply or shoot all the traders, I know what option i'd prefer
04 April 2005, 10:13 AM
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The fact is that a tiny percentage of the world's population using a disproportionately large amount of the world's resources is a problem of sorts , but when the rest of the world tries to play catch up in the consumption game, the sh*t starts to hit the fan.
Last edited by PCatWork; 04 April 2005 at 11:05 AM.
04 April 2005, 10:41 AM
#36
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Originally Posted by Vegescoob
Ffs, our universities are closing maths, science and engineering departments.
Great for the future?
Great for the future?
But it is absolutely heaving with Chinese students and on the surface they are the most diligent and eager to learn. Over the Easter break the place was still filled with them while the locals were off p!ssing it up. They're polite and, occasional language difficulties aside, very easy to work with. They're the first here in the mornings and the last to leave at night so I say they deserve to be progressing as a nation. From the microcosmic view I get I'd say they're putting the effort in.
04 April 2005, 11:51 AM
#40
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Originally Posted by gareth123
And the 'elite' don't give a carp. As long as their massive holdings in GE and IBM and GM and Nokia keep churning out fat dividends what do they care where the labour producing the product is?
04 April 2005, 12:11 PM
#41
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Originally Posted by Vegescoob
Why do you think our politicians want to "sort out" Africa.
Still, the second largest world oil reserve, Iraq, has been 'sorted out', so there's just Russia to sort next !
04 April 2005, 04:55 PM
#42
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Filled up with ultimate diesel today - 95.9p/litre 
Diesel and SUL will surely reach 100p/litre before too long. And then we have that 3p/litre TAX increase added in September thanks to Gordon Brown
Diesel and SUL will surely reach 100p/litre before too long. And then we have that 3p/litre TAX increase added in September thanks to Gordon Brown
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