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11-07-2008, 07:28 AM | #211 | ||
BF Ute...
Join Date: Jul 2005
Posts: 1,351
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They were going on this morning about petrol reaching $8 per litre in the next few years... I think the media is going a little far :Weirdo:
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11-07-2008, 07:51 AM | #212 | ||
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11-07-2008, 09:00 AM | #213 | |||
BF Ute...
Join Date: Jul 2005
Posts: 1,351
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By a few years, i mean 10...:togo: |
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11-07-2008, 05:00 PM | #214 | ||
I Loove Australia
Join Date: Apr 2005
Location: North West N.S.W
Posts: 103
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What a crock of S%^t that $8 per litre thing is.
That would mean it would cost me approx $520 to fill the territory up. Now who the eff is going to stand for that, imagine what it would do to the economy? I am so sick of all the media comes up with, is it any wonder that speculation "drives" up the price. That whole concept is just ridiculous, so why even publish crap like that. That really grinds my gears. As if, 1) the government would allow the economy to fall that far into disarray. and 2) The public would sit back and allow the government to commit such atrocities. I can't quite work out the point of that announcement, unless of course the CSIRO comes out next week and announces that they have developed an alternative to petrol that will only cost 7.50 a litre in 10 years, therefore saving us heaps. I apologise for my rant and will get down of my soap box now. |
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11-07-2008, 05:12 PM | #215 | |||
proud member of the MFCC
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you have every right i rant, and i agree who even predicts this rubbish ! i can see petrol about 4 - 5 dollars a litre but not 8 dollars ! Time to get the g word intalled before they rise that even further ! |
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11-07-2008, 10:08 PM | #217 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Do they just pluck these numbers out of thin air. In that case I reckon petrol will be 20 c a litre in 10 years time : |
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11-07-2008, 10:45 PM | #218 | ||
Banned
Join Date: Dec 2004
Posts: 689
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The $8/L figure is just CSIRO wasting tax payer's money by extrapolating baseless information from the current trend. Nothing too scientific there.
<Next!>
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11-07-2008, 11:04 PM | #219 | |||
FF.Com.Au Hardcore
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11-08-2008, 07:17 PM | #220 | ||
FF.Com.Au Hardcore
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Location: Melb north
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on the news tonight they were talking about Georgia and Russia (the plot thickens), apparently there is an oil pipeline on the Georgia side of the border that makes Georgia some good dollars selling to europe, if Russia absorbs Georgia and claims the oil they will have a nice little nest egg, i don`t know who REALLY instigated hostile actions but i reckon the oil is a big part of this. don`t know how this will affect prices of juice if the ruskys get hold of it.
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11-08-2008, 10:04 PM | #221 | |||
Banned
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It doesn't surprise me and given recent history it wouldn't surprise me if the US were the cause of the war b/w Russia and Georgia... by negotiating a secret deal with the US-friendly Georgian powerbrokers. It could be the reason why the Russian president stated that the Georgian leader [quote] "must go!". And why are the US so interested in what happens in Georgia and not Zimbabwe, I wonder? Yes, the plot thickens, alright!
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11-08-2008, 10:18 PM | #222 | |||
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Quote:
And another recent article...
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15-09-2008, 01:42 PM | #223 | ||
He has, the Knack..
Join Date: Jun 2006
Location: Sydney
Posts: 1,042
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What a load of crap. Oil is now under $100/barrel. It's dropped over $40 (almost a third!!), yet we still have not seen significant discounts. You cannot tell me that even with the dollar falling, that we should only see a 10-15c/L drop, when it rose almost 40c. Thank God I'm on LPG, but even that is starting to creep toward 70c again.
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15-09-2008, 01:45 PM | #224 | |||
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High prices are mainly due to the uncertainty of the Hurricanes in the US. But I agree, prices have crashed but not at the bowser. |
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15-09-2008, 01:56 PM | #225 | ||||
FF.Com.Au Hardcore
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As for the 50% more claim, that's a load of bollocks. It's more like 20-30%.
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15-09-2008, 01:59 PM | #226 | |||
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15-09-2008, 05:09 PM | #227 | |||
FF.Com.Au Hardcore
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15-09-2008, 10:42 PM | #228 | |||
FF.Com.Au Hardcore
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I guess if I was on petrol, I'd get roughly 550 - 600kms for about $80.
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16-09-2008, 12:03 AM | #229 | |||
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16-09-2008, 10:29 AM | #230 | |||
FF.Com.Au Hardcore
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Here's a chart of the US$ turnaround against the AUS$. |
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16-09-2008, 10:43 AM | #231 | ||
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i picked up fuel from caltex at turramurra(north of sydney) for $1.37 with a docket last tuesday.. im hoping it gets down to 1.20 a lt, and hopefully before i drive 600kms this weekend lol
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16-09-2008, 04:12 PM | #232 | ||
Performance Inc.
Join Date: Aug 2008
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When oil was at $200+ per barrell I was paying on average about 1.70/L for pulp for the fpv. can anyone tell me why now oil is at $99.00/barrell I am still paying $1.60/l for pulp? If you can buy the raw product for half price how come the sale price has only fallen by about 10%? Does any one else feel ripped off.
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16-09-2008, 04:15 PM | #233 | |||
FF.Com.Au Hardcore
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16-09-2008, 04:19 PM | #234 | ||
FF.Com.Au Hardcore
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Everyone in the whole world i'd imagine..
March on parliament i say! Someone said that because the aussie dollar has fallen around 15c(its now at $1US=AU82c) that this effects the price.. but.. that makes even less sense.. When our dollar was AU50c~ for US$1 the price of oil was around the same but we were only paying like what.. $1.18/lt?? seriously heads need to be rolled on this one.. wheres someone who can explain this in lamens lol
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16-09-2008, 04:46 PM | #235 | ||
FF.Com.Au Hardcore
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i'll break it down...
Crude oil ~= US$ $91 per barrel. Divide by 159 (Lts per barrel) => 0.57 US dollars per litre. Exchange rate = $0.7899 US cents for 1 AU dollar => 0.7245 AU dollars per litre. We know the Breakdown of 1 litre of petrol consists of the following major components at todays prices: ~11 cents GST 38.143 cents in excise 1.2 cents for the service station (Note: The credit card companies get more) 72.45 cents Crude oil (based on today's price and today's exchange rate) Total of ~49.143 cents direct tax + 73.65 cent in raw product and service station margin, making a total of ~122.8 cents! Where's the rest? Well there's further hidden taxes in the form of royalties to government, exploration and production taxes paid to government from oil companies (which they pass onto consumer), transport and refining costs, wharf costs etc. That would cover most. So i think, it's not that far above where it should be based on the cost attribution. |
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16-09-2008, 04:57 PM | #236 | ||
FF.Com.Au Hardcore
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actually, WTI is ~95/bbl. So substitute my previous figures for a more accurate set of numbers.
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17-09-2008, 02:13 AM | #237 | |||
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17-09-2008, 02:40 AM | #238 | |||
Long live the GT !
Join Date: Jul 2006
Location: Perth WA
Posts: 1,863
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What's happening is the US Federal Reserve is bailing out the banks and guess who's paying for it?....the US taxpayer! The whole system is currently imploding (the Banksters have gone too far) but like watching a giant iceberg collapse into the ocean, it's all happening in slow-motion. The US dollar will soon be worthless (by design of course) to be replaced by another currency, either the Euro or the proposed Amero. Oil prices are fixed daily by the pr*cks at Wall Street and the 2 main factors that affect the current fuel prices are the rate of the USD devaluation and daily OPEC output. Here's another fact, that one US dollar you had in 2001 is now worth a measly 50 cents!...Thanks go to the greedy bankers printing money whenever they feel like it to prop up the markets and fund their highly profitable wars for global domination.
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17-09-2008, 06:28 AM | #239 | |||
FF.Com.Au Hardcore
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So WTF is going on? Yes is the Lower Dollar Value however that was also about the same back when crude was less than $100.00 a Barrel. Taking everything into account it should be approx $1.10 a litre for 91 Octane atm. So again WTF When the Barrel price was on its steep rising cycle we saw this reflected in the bowser price which was fair enough in a way Coz that was out of peoples control however once the barrel price started to fall we should have also seen the Pump price fall constantly as the barrel price fell just as it rose with the barrel price constantly. Someone is making Huge Profits atm. By the way we get most of our Domestic crude from Bass Straight anyway so why do we set our price on the Middle east prices etc... Yeah a world Economy, it sure is working well NOT We were better off when we ran our own Economy lol STUFF the WORLD. |
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17-09-2008, 08:37 AM | #240 | |||
FF.Com.Au Hardcore
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I'm not arguing with you on the fact that the $US dollar should be worthless... how can it not be when the US is in a financial meltdown.. their currency is not backed by anything tangible, so they just print more as you say. Good to see that they didn't raise rates over there last night as a knee jerk reaction. By my point which i raised which you quoted, was the unexplained turnaround in the US$. My charts aren't lying... the US$ has completely turned around against the AUD the EUR the GBP and CHF since around July this year, when the world markets started to tank! These are the most common traded currency pairs on the Forex. There is something very sinister going on here, it just makes no sense! USD/AUD USD/EUR USD/GBP USD/CHF |
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