Great. We’re already being charged 10p more just for the sheer profit of it (according to the RAC)
>The question is when, and to what extent, retailers choose to pass these increased costs
as soon as possible and all of it I would imagine, is it ever any different?
Worrying considering £1.60 / £1.80 (p/d) per litre has seemingly become the “norm” now
Saudi and Russia squeezing as much as they can out of people. Hope that russian revolution speeds up.
Great £2.00 per litre looks like the norm.
Don’t worry we can all go electric and pay £60k for a car with decent range.
Force more poor people off the roads and into debts.
From a different article I read yesterday, they’re not actually cutting output, they’re instead cutting the amount of maximum barrels per day they will produce. They already produce under the cap, and the reduction is less than the amount under the cap they produce, so they’ll be producing the same amount of oil, but it’ll now be closer to the cap.
For example, if you’ve a cap on 20 barrels of oil per day, but only produce 15, but then reduce your cap to 18 barrels of oil per day, a sensationalist media could claim “reduction in oil production could cause prices to rise!”, when in reality the amount of oil produced hasn’t changed.
Currently in France, there is a petrol strike happening so forecourts are running dry, however earlier this week petrol was 1.48 euros per litre or around £1.30
Recently I heard a news story about a Scottish football club getting fined for anti-competition laws (Rangers or Celtic, I think) because they were making deals with retailers to keep their replica shirts at inflated prices.
And yet somehow OPEC is allowed to artificially inflate prices of oil between them, and nobody cares. Why is this allowed to happen?
8 comments
Great. We’re already being charged 10p more just for the sheer profit of it (according to the RAC)
>The question is when, and to what extent, retailers choose to pass these increased costs
as soon as possible and all of it I would imagine, is it ever any different?
Worrying considering £1.60 / £1.80 (p/d) per litre has seemingly become the “norm” now
Saudi and Russia squeezing as much as they can out of people. Hope that russian revolution speeds up.
Great £2.00 per litre looks like the norm.
Don’t worry we can all go electric and pay £60k for a car with decent range.
Force more poor people off the roads and into debts.
From a different article I read yesterday, they’re not actually cutting output, they’re instead cutting the amount of maximum barrels per day they will produce. They already produce under the cap, and the reduction is less than the amount under the cap they produce, so they’ll be producing the same amount of oil, but it’ll now be closer to the cap.
For example, if you’ve a cap on 20 barrels of oil per day, but only produce 15, but then reduce your cap to 18 barrels of oil per day, a sensationalist media could claim “reduction in oil production could cause prices to rise!”, when in reality the amount of oil produced hasn’t changed.
Currently in France, there is a petrol strike happening so forecourts are running dry, however earlier this week petrol was 1.48 euros per litre or around £1.30
Recently I heard a news story about a Scottish football club getting fined for anti-competition laws (Rangers or Celtic, I think) because they were making deals with retailers to keep their replica shirts at inflated prices.
And yet somehow OPEC is allowed to artificially inflate prices of oil between them, and nobody cares. Why is this allowed to happen?
Fuck OPEC.