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Reply With QuoteOriginally Posted by tankie
Drop the 1p fuel duty...WoW!! such generosity. I will defiantly vote for whatshisname next election
I must get a new lekky scooter to get about on , petrol going to be 2 pounds a litre FFS c,mon govts invade as usual and keep the (SPOILS) oil .
The unrest in the Arab world makes it "all the more urgent" to wean Britain off oil and onto greener sources of power, according to a Government minister.
Britain has no other option but to speed up efforts to move away from oil towards other energy sources, Energy and Climate Change Secretary Chris Huhne said.
As a result of soaring petrol prices, the energy minister said Britain will launch a new national "Carbon Plan".
It is aimed at getting government departments to shake up their operations and make their projects less dependent on fossil fuels.
"Getting off the oil hook is made all the more urgent by the crisis in the Middle East," Mr Huhne told The Observer.
"We cannot afford to go on relying on such a volatile source of energy when we can have clean, green and secure energy from low-carbon sources.
"The Carbon Plan is about ensuring that the whole of government is engaged in a joined-up effort to lead us into a low-carbon world."
The plan will be launched this week by Prime Minister David Cameron, Deputy Prime Minister Nick Clegg and Mr Huhne.
Non-governmental organisations will be asked to play a monitoring role to ensure progress across departments.
It is being published in draft form ahead of a final version next year and is expected to be updated annually, with progress being published quarterly on the Downing Street website.
Public anger continues to mount at the cost of petrol - most of which goes to the Treasury.
Chancellor George Osborne has hinted that in his budget later this month he might drop the 1p fuel duty hike in a bid to ease the pressure on motorists.
Alan Duncan, junior international development minister and a former oil trader, has warned that petrol could exceed £2 a litre if Middle East instability escalates
TANKIE.
Drop the 1p fuel duty...WoW!! such generosity. I will defiantly vote for whatshisname next election
Drop the 1p fuel duty...WoW!! such generosity. I will defiantly vote for whatshisname next election
Confused with the different measurements and what the current value of the pound. But how much does a gallon go for over there in USD? 2 pounds is reckon 4 dollars. And 1 gallon equates to 3 liters... so that would be 6 pounds for a gallon? Which is 12$ a gallon? This can't be correct right?
EDIT: 3.7 LITERS.
Last edited by Dago; 06 Mar 11, at 22:04.
2 pounds a litre = app 8 pounds and more a gallon
TANKIE.
The whole problem summed up in the very first paragraph
Britain doesn't need weaned off oil. Oil needs to be drilled for and put back to a fair market price. OPEC needs to be given the finger and we start supporting ourselves.
And you guys need to fire this delusional communist ass-hat.Britain has no other option but to speed up efforts to move away from oil towards other energy sources, Energy and Climate Change Secretary Chris Huhne said.
7th,
no such thing as a fair market price when OPEC simply has so much of the easy oil. if you give OPEC the finger, then that means you'd not only have to drill your own oil but you'd have to create your own oil market that's shut out from OPEC. currently the US has 40% of its oil from OPEC. to replace that we'd need to have the canadian/US tar sands come online, which is a hugely expensive process as the oil is hard to get at and hard to purify.Britain doesn't need weaned off oil. Oil needs to be drilled for and put back to a fair market price. OPEC needs to be given the finger and we start supporting ourselves.
either way you're looking at higher energy costs, whether you drill for oil domestically or if you go green. for the UK they'd probably do better trying to go green, because they don't have their own domestic source of oil; even if you ignore OPEC they'd end up importing more from norway or russia, and when the tar sands finally come online, from canada/US. the US might do well either way, although i'm predisposed to green tech because then the US could export the oil for $$ instead of consuming it. once the tar sands technology becomes better, too, it'd be pretty awesome if the US actually created a national oil company so that the money could flow directly into our coffers vice indirectly taxed.
The human mind cannot grasp the causes of phenomena in the aggregate. But the need to find these causes is inherent in man’s soul. And the human intellect, without investigating the multiplicity and complexity of the conditions of phenomena, any one of which taken separately may seem to be the cause, snatches at the first, the most intelligible approximation to a cause, and says: “This is the cause!"
-Leo Tolstoy
War and Peace
Do you know how many drilled and capped wells have been sitting since the 70s in TX and OK. Shallow water drilling in the gulf? Alaska? We have all the potential in the world to be energy independent for the next 120 years. How bout doing that while we figure out all this green tech huh? Its just not part of the plan.
Russia can't feed itself and they have huge energy reserves as well anyway. The ME realizes that they can't eat oil and the US is the breadbasket of the world. Its a fair trade if you ask me. The minute you see the US start drilling its own gulf and coasts and heartland, you watch the price of that OPEC sludge drop right off the screen. What are they going to do when they can't fix thier US made rigs and everything else that comes from here. We friggin invented oil drilling for pete's sake! Of course over there it literally seeps out of the ground, I guess they could sop it up with a Chinese made mop and hope it sells.
I don't mean to sound arrogant, but for crying out loud, we don't have to play thier game and they are arrogant to think they hold all the cards.
£1.40 a litre for the first time.
That's not too far off Dago. Todays prices are £1.40 a litre for the first time. Thats about $2.27c a litre
It's all part of the master plan. Buy their oil now (and yes the $$ flowing out hurts), but when they run out, that's the time to give them the finger and start using our fields again.
Private ventures control oil on the western end. The do the exploration, research, infrastructure, etc., via investment. Our oil, existing or projected, will always be benchmarked against market prices globally. Disincentivize the oil companies and your expertise will dry up unless that's found elsewhere or shifted onto another platform.
Meanwhile China, India, Japan, S. Korea, Taiwan, Brazil etc. will soak up any extra oil saved by the west going green or exploiting new/existing fields locally. As such, that demand will keep market prices high. Russian, Chinese, Japanese and others now have or are developing the expertise to explore and exploit fields.
Cost of green energy will go up too. There's a cost to ramp up to the methods and levels of production necessary to supply the west. Then, IMV, that energy won't be sold for less than benchmarked oil. Were it to be the Chinese, Indians and others would buy that.
The biggest problem isn't the supply side. It's the demand side. That's increasing and will continue increasing by a lot as these new economies want their's (their everything-oil, goods, benefits, etc). Nobody's going to willingly forego expanding their economies for our sake.
"This aggression will not stand, man!"
Jeff Lebowski
The rising price of oil futures has nothing to do with a supply shortfall. Lybia's output only amounts to 2% of the world's daily requirement.
The Saudis have increased their output on fears that a large spike in prices will further destabilize the world economy.
But it's not easy to calm markets when investors see a chance to profit from bad news. I expect supplies will soon reach glut levels, if they haven't already.
Hey, tankie, eat your heart out: gal of gas out my way is only $3.35US...did I say "only"It's putting a hurt on me since I suck up 20-30 gals a week for business.
Saudi Arabia’s Producing More Oil To Make Up For Libya’s Shortfall
by Ami Cholia on Monday, February 28, 2011 at 1:04 PM
Unrest in Libya has caused a global panic about oil. To make matters worse, no one knows, at this point, who will end up controlling oil reserves in Libya — the biggest in Africa — if Gadhafi gets ousted. Not surprisingly, international oil prices have skyrocketed, despite Saudi Arabia, the world’s largest oil exporter, stepping up and increasing its production of oil.
Saudi Arabia has, in fact, ramped up its output to at least 9m barrels per day by Friday, compared with the 8.6m daily barrels it produced in January.
The International Energy Agency said that Libya was still probably producing about 850,000 barrels of oil daily, down from its normal capacity of 1.6 million barrels — but that number wasn’t verifiable.
Currently Italy, France, Germany and Spain are the largest buyers of oil from the African country.
As a result Saudi officials are trying to compensate for the loss of supply from Libya.
According to the Financial Times, Saudi Arabia retained some 4m b/d of spare capacity before the onset of the Libyan supply crisis, accounting for about 75 per cent of the global surplus of some 5m b/d.
Now Saudi Arabia is hoping to use the spare capacity to calm international oil markets and make up for lost supplies from Libya.
While the assurances will make up for some amount of crude oil lost because of Libya, it is less than the total amount lost.
The crisis is as a good a time as any for America to move away from its dependence on oil and focus on alternative fuels. The price of oil isn’t likely to fall anytime soon and most experts say pump prices could go up to $4 this year.
As an increasing number of electric cars, hybrids and fuel-efficient sub compacts hit the market, hopefully consumers will take notice and finally change the way we use our resources. Saudi Arabia’s Producing More Oil To Make Up For Libya’s Shortfall – AltTransport: Your Guide to Smarter Ways of Getting Around
To be Truly ignorant, Man requires an Education - Plato
It's to do with how much tax is levied on petrol in the UK compared to how little in the US. This practice started after the first oil crisis in the 70's. Most of the European countries have unusually higher taxes on petrol in comparison to the US and the rest of the world. They set a price floor to help better manage price volatility.
A barrel is 42 US gallons or 158.76 litres or $360/barrel
Put it this way, if the world price spikes uncontrollably, the Uk govt has only got to trim duty off the price while in the US you will feel it much more as there is a lower margin to absorb the hike. Of course you make much more savings in the US given spikes are rare and you pay overall lower prices during the year. However prices can remain high for extended periods and that is where things get tricky.
Going by the figures in the UK, today they are paying at the pump as if oil costs $360/barrel, assuming no duties paid at all.
What happens to the US if oil touches even $200/barrel in the spot market ?
You will take measures to reduce your dependence on oil, that will be an irreversible change and cause a drop in demand, the Saudi's don't like high prices for just this reason. $80-100 is the sweet spot.
So this begs the question why the UK isn't doing more to move towards alternative energies or even Europe for that matter, its gotta to be competitive given the prices you pay at the pump already ?
How current are the prices indicated at this site for the UK ?
http://www.petrolprices.com/
Last edited by Double Edge; 07 Mar 11, at 09:18.
Hey, tankie, eat your heart out: gal of gas out my way is only $3.35US...did I say "only"
Pffffffffffffffttttt back at ya m8y , im getting my motor converted to LPG , mercedes clk 3.2 LPG 60 PENCE a litre , but watch it get hammered for tax when lots of peeps do the same BASTARDS , used to be able to get a govt grant for going green but not now .
TANKIE.
Sell the car and buy a horse and cart. It should blend in quite well in BarrowPffffffffffffffttttt back at ya m8y , im getting my motor converted to LPG , mercedes clk 3.2 LPG 60 PENCE a litre , but watch it get hammered for tax when lots of peeps do the same BASTARDS , used to be able to get a govt grant for going green but not now .
S-2,
i agree cost of green energy will go up, but that's not really driven by the "cost to ramp up the methods and level of production", it will go up because developing economies around the world demand more and more energy.Cost of green energy will go up too. There's a cost to ramp up to the methods and levels of production necessary to supply the west. Then, IMV, that energy won't be sold for less than benchmarked oil. Were it to be the Chinese, Indians and others would buy that.
OTOH, this cost will be moderated as we achieve economies of scale and better technologies.
i'm still for green tech, though, simply because it would slow down the wealth transfer from the west to places like russia, venezuela, and saudi arabia. let china spend her money supporting the autocrats.
The human mind cannot grasp the causes of phenomena in the aggregate. But the need to find these causes is inherent in man’s soul. And the human intellect, without investigating the multiplicity and complexity of the conditions of phenomena, any one of which taken separately may seem to be the cause, snatches at the first, the most intelligible approximation to a cause, and says: “This is the cause!"
-Leo Tolstoy
War and Peace
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