Fuel predicted to double in price by 2007

[Kapn_Kiwi]

Originally Posted by FordFan86

WWI was due to an assasination of a prince? nothing to do with religion.

That was just how it was ignited, it was basically caused by a major buildup of tension over land in the Balkans. The balkans were called the "Powderkeg of Europe" and the Archduke's assassination was just the flint that lit it.

[xr8ute]

Originally Posted by Mondie

current production is only 1-2 million per day in excess of that. Not a lot left over...

Doesn't OPEC control the production rate? It makes sense that they would not produce much more than there is demand so that they can keep the price up.

I am not much across the politics around oil, but I know enough not to jump too quick when someone wants to start a fear campaign. There is almost always some other agenda.

[AUIII XR8 MAN]

Originally Posted by xr8ute

Doesn't OPEC control the production rate? It makes sense that they would not produce much more than there is demand so that they can keep the price up.

That right they cut production rate because oil was selling at a record low prices.

WAR= We Are Right. You don't go to war if you don't your right about something.

I am not getting into a religious argument with anyone, AS STATED IT WAS MY OPNION AND NOTHING MORE!!!

man i think i need to bump up the text size

[MO]

Heard on ABC radio a couple of days ago,they were interviewing some university researcher come analyst on the available oil stocks etc.
Basically he said consumption is outstripping supply and the expanding economies of China etc are the reason why.
Now all that being equal,it is feasible.

This is the part I did'nt like about the interview in which he said "the econmists that he mixes with are'nt to fussed,so he made a bet that by 2007 we would be paying $3.50 per litre."

Do the math ppl I've got an 82 ltr tank and I on average would use a tank a fortnight,so that means I will be paying around $300.00 per fortnight for fuel.

ROFL, i have a 90L tank in my Truck and use 1 a week!!!
Plus the Fiance's skyline which is a 65L tank and that lasts a week... Happy times ahead!!!

[DRU842]

I love these academics going on the radio discussing things they don't understand with journalist who are just looking for a story:
* energy crisis; oil is not doubling in price, as it did in the early seventies, sure the price has been at a record high lately but it has not doubled 'overnight' & hence the 'shock' on economies has not been so bad;
* better prices also mean that more people are tempted to explore & develop options for supply i.e. deepsea drilling, altenatives etc, this is the way 'free markets' work;
* some of this effect is due toi historical weakness of the US$.
If prices slumped to US$20-25 the same academics would be bleating about wasteful use, lack of development of alternatives etc.

[Dodge]

anyone heard of sugar cain and what we can do with it, blame the goverment for letting our leaders collect 58% of feul tax over what we can produce here ourselves and have a cleaner safer planet..

[Dodge]

anyway if fuel goes to 3.50/ltr my rate tripples to , so it doesnt matter what price it goes to we just play with our numbers to keep it real, like real estate.houses doubled, people paid still got the same home that was 1/2 the price 4 yrs ago

[AUIII XR8 MAN]

The only problem is that my weeky wage doesn't increase as fast as the price of petrol or housing, along with other thing.

[Psycho Chicken]

There is a point where petrol prices would exceed what people could pay. I'm sure the prices would come down when OPEC can't afford it, they don't make money of petrol sitting in tanks.

Sure most of the sales are commercial, but the rule still applies.

[olfella]

for my lot I think fossil fuels will be with us for a long time to come yet. Cant inagine a 747 or F111 topping up on LPG, ethonol hydrgen or even neucler rods just yet...

[Mondie]

Originally Posted by xr8ute

Doesn't OPEC control the production rate? It makes sense that they would not produce much more than there is demand so that they can keep the price up.

I am not much across the politics around oil, but I know enough not to jump too quick when someone wants to start a fear campaign. There is almost always some other agenda.

OPEC only control about 35% of production so they arent the root cause of the recent rises.

[MO]

Originally Posted by olfella

for my lot I think fossil fuels will be with us for a long time to come yet. Cant inagine a 747 or F111 topping up on LPG, ethonol hydrgen or even neucler rods just yet...

Fair enough but look at it this way...oil stocks running down,gov't decides to keep for military use and forces motorists onto lpg or other fuel alternative.

They got rid of leaded so it's feasible they would do this.

[RspecAU]

IMO there is a solution to the rising cost of fuel problem but this idea will never work. I think everyone and i mean everyone not to drive anywhere for a week, use public transport ride a bike. This would have 2 effects. Fuel companies would tip petrol down the drain pices would have to fall. The second effect it would highlight the fact our public transport system would'nt be able to handle the sudden increase and would fail badly showing the government that we run this country not them.

[Psycho Chicken]

Won't work, comercial consumption of fuel is far greater than personal use.

[zetec]

all that would do is hurt the poor buggers trying to make 5 cents out of your full tank each week.. they're not the ones with fat greasy fingers in the hot chips bucket...

Originally Posted by RspecAU

IMO there is a solution to the rising cost of fuel problem but this idea will never work. I think everyone and i mean everyone not to drive anywhere for a week, use public transport ride a bike. This would have 2 effects. Fuel companies would tip petrol down the drain pices would have to fall. The second effect it would highlight the fact our public transport system would'nt be able to handle the sudden increase and would fail badly showing the government that we run this country not them.

1 - ROFL you'll never see me on public transport!

2 - Don't drive for a week, NEvA :hihi:

all tho, the more people that take this up the better it is for us purests

I rekon if that was the case the petrol would go even high as there is not as much demand and there would be only 1 way to keep profits up, raise the price!

[daveinozbikes]

I see on Google that petrol in the UK is about $2.00 a litre!!!!!

[*rayman*]

screw this, i'm getting the biggest v8 i can afford to reasonably run NOW! I'm using my share up... be stuffed if i'm going to look back and go i should have owned more v8's while fuel WAS cheaper!

I remember my dad going off at me when i bought my first car in 95, saying 'don't be f@*king stupid, you can't afford to run a big 6cyl cortina with fuel the way it is', it was 43.6c a litre then...... then 43.9... how i miss those days already.....

Originally Posted by zetec

all that would do is hurt the poor buggers trying to make 5 cents out of your full tank each week.. they're not the ones with fat greasy fingers in the hot chips bucket...

thats right like the GOVT !!!! check this out

everytime someone complains about fuel prices.
i direct them to the shell website. the govt is collecting excise and is usualy more than the cost of fuel

http://www.shell.com.au/petrolpricing_scuba/sydney.asp

[Sourbastard]

Originally Posted by Dodge

anyone heard of sugar cain and what we can do with it, blame the goverment for letting our leaders collect 58% of feul tax over what we can produce here ourselves and have a cleaner safer planet..

I agree Dodge, methanol/ethanol/ butyl alcohol are much better alternatives for petrol, higher octane, runs cooler, sure you get crap mileage, but its renewable, and therefore a hell of alot cheaper then petrol. I posted this thread today earlier about indy cars running on ethanol. http://www.fordforums.com.au/showthread.php?t=7460

We have all these "geniuses" wandering about building hybrid cars, when most new cars with an edit could run on alcohol easily. In some cases its just a matter of replacing fuel lines with neoprene lines and an edit.

This is the simplest solution, and would fix our ailing sugar industry overnight, but it wont be because we are dedicating millions into a 12hp wonder wagon that runs on sunshine and smiles.

[XR8Master]

LOL, thats good

[MO]

Originally Posted by XR8Master

LOL, thats good

And your point is...thread miner???

[MITCHAY]

Actually pretty funny that this thread has been dug up since its 2007. What is the price of the black stuff a barrel now? :

[MO]

Originally Posted by MITCHAY

Actually pretty funny that this thread has been dug up since its 2007. What is the price of the black stuff a barrel now? :

Around $65.00 +/- a barrel US.

Oz works off the Singapore price which I don't know what it is.

[VeloXR6]

Dont think it has doubled.....

lol .... ******* em I say ... use as much petrol as you can , buy a V8 and drive it like you stole it! ... give the bird to people driving Prius .... have as much fun with petrol while it apparantly lasts...

Man I hate tree hugging hippies, and dont really care if oil does run out I will just buy a diesel and run it on vegetable oil or just walk and think about those great times I had burning up the last of the oil.

[Unco]

friday traded around $62

this is where oil was at the time the first post was made and where it is now.

funny how it's come down nearly $15 per barrel since July last year, yet we're paying the same or more at the pump still...

what can we do? nothing by the look of things :S

[LUXO_8]

Originally Posted by VeloXR6

Dont think it has doubled.....

lol .... ******* em I say ... use as much petrol as you can , buy a V8 and drive it like you stole it! ... give the bird to people driving Prius .... have as much fun with petrol while it apparantly lasts...

Man I hate tree hugging hippies, and dont really care if oil does run out I will just buy a diesel and run it on vegetable oil or just walk and think about those great times I had burning up the last of the oil.

should i do this more than i already am?.......
:thebirds: :thebirds:

[Falcon Coupe]

Originally Posted by XR8Master

LOL, thats good

Great shovel work.