not to this extent, sure. but prices were always going to rise. situations that have arisen since then have obviously have affected it though.
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Crude oil prices falling sharply
- Thread starter steward 433
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not to this extent, sure. but prices were always going to rise. situations that have arisen since then have obviously have affected it though.
steward 433
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Steward. If it not for Oil. Why are we there ?
Because we have a weak government who follow the Yanks
THEY are there for the oil we are there for the Yanks
steward 433
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- #23
A reasonable amount of inflation yes 100% in 5 years no
what so you think experts expected real prices to stay constant when china india mexico brazil indonesia etc are all growing at such rates, the resource is finite, renewable energy sources are being encouraged more and more, and the main producers/exporters are situated in increasingly volatile regions?
steward 433
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OK i agree the price was always going to rise above inflation i have said that before.
The prices are coming down now and will continue to do so all the time the recession creeps further round the world and i reckon we wont see it past $145 a barrel for at least two years.
(waits as record prices announced tomorrow)
Leekbrookgull
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Barney. Good point. The answer is 
beorhthelm
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- Jul 21, 2003
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lets see how long they can afford that when the west goes into recession and stop buying the imports from china and india.
sorry to correct you, but its 150% in 1 year. even taking into account this wees retreat.
demand didnt go up 100% in a year, supply didnt drop 50% in a year. nor did demand go up 50% or anywhere near it in the last year. demand went up in line with prdictions and supply has had a few minor issues in Nigeria. the price is built on prediction of what might have been.
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maybe so but it will stay higher than it was 4-5 months ago. but then it will creep back up again in time.
i seriously doubt we'll see 90p a litre or whatever it was last summer ever again
it all depends on the situation in the middle east anyway
yeah china and india wont be able to sustain it, but countries such as KSA qatar UAE bahrain oman etc will be able to as long as oil is the dominant fuel.
beorhthelm
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- Jul 21, 2003
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what are you talking about, you think a few oil producing countries "subsidising" (ie not really just not making a profit) pump prices makes a notable difference to world oil prices compared to the 1billion population of China, 1bn India and another 1 billion in the developed world?
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no sorry got a bit off topic with the whole subsidised price thing there..
but whilst on the subject, when you say not really making a profit, you mean putting billions (high percentages of their respective GDPs) into reducing the price for oil electricity gas and water
Leekbrookgull
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Prices we settle,however let be real. Oil is short term.
Leekbrookgull
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The answer my friends is
Leekbrookgull
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Nuclear ?
?steward 433
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WATER
:thud: NASA have already developed an engine you fill with water and it breaks down the Oxygen and Hydrogen.
As the Yanks can't tax it the plans are shelved indefinately
steward 433
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Leekbrookgull
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Steward,3 thirds of the earth is covered in water. Why go to a desert to look for water ??
steward 433
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That is why water is the cheapest and best answer for car fuel
Nuclear power stations are most cost effective long term followed by wind then solar
Wave power costs a fortune in comparison
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
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WATER
:thud: NASA have already developed an engine you fill with water and it breaks down the Oxygen and Hydrogen.
As the Yanks can't tax it the plans are shelved indefinately
theres the tiny problem of the energy required to split the water. theres also the problem of smal scale storage (ie for cars) of the hydrogen.
now what we should be doing is using wind/solar/wave and anything else we can think of to power up hyrogen plants, then store the Hydrogen to burn when required, thus solving the underlying problem of all the these transient forms of energy. seem the pwers that be havent thought that one through.
dont worry about the tax, they can get you on usage some other way... step forward road pricing.