My thoughts are that lower gas prices doesn't solve the issue. The issue is our dependency on oil, when theres green-friendly options out there, that don't harm the earth & environment. Some people have cars running on water, corn, electricity, and other things. Why should oil be the only option, to cater to these rich oil companies? Things need to change.
I guess the price is manipulated by finance group/oil group/military group/dictator group rather than the market . I am not sure if it will raise or fall dramaticly, it depend on their benefits .
true. A month ago, in my country 1 L cost arround 1,2$ now, it goes arround 0,70$ wich is good hope it stays that way also
Has anyone seen this? Petrol price tracker from Google. http://www.google.com.au/intl/en/he...urce=pptg&utm_medium=ha&utm_term=petrol price
Currently in Brisbane Australia the price is around $1 per litre. Amazing. $1.019: Caltex/Woolworths Enoggera - 6 Dec at 2:07PM 6 Browns Dip Rd & Wardell St Enoggera 4051 Distance: 5.25km $1.019: Mobil - 6 Dec at 1:45PM Waterworks Rd & Roy St Ashgrove 4060 Distance: 3.85km $1.019: Mobil - 6 Dec at 1:38PM Enoggera Rd & Edmondstone St Newmarket 4051 Distance: 3.37km $1.029: Shell - 6 Dec at 1:38PM 305 Kelvin Grove Rd & Herston Rd Kelvin Grove 4059 Distance: 2.7km $1.039: BP Noonan's Garage - 6 Dec at 1:44PM 161 Waterworks Rd Ashgrove 4060 Distance: 3.32km
Its Rs5 per litre decrease in petrol prices in Delhi. I am happy that it would save 10% of my monthly transport cost.
I just read in paper that out government has slashed petrol price by Rs 5 and diesel by Rs 2 a litre.
Excellent new for all. It will greatly help with the recession if OPEC does not cut back production again.
The oil is now racing backwards.....already at $ 41... The off-shore drilling cos. will now begin to feel the pinch as their production cost would be around $ 45. On shore companies are still making profit of around 10 dollars. Regards, RightMan
A lot of people dont understand that it was a bubble. There was no reason for oil to be above $100, it was a speculative bubble. It wont be back up there anytime soon.
due to the financial crisis there is less need for oil.. the oil price will probably raise when the economy gets stronger (when companies start working with full shifts again)
I think the oil companys are gonna be hurting. From my understanding, they did their budgets for the year on $80.00 per barrel. But I'm happy!
The thing is, they were making profits before the price shot up 3 times, and their costs to produce the stuff haven't increased, so presume they will still be making lots of profits at $40 a barrel
Earlier in the 2004, the price was between $22 to $28 . Now in 2008, several months ago, the oil price was $148 at high . Today, the price is below $44 . What does the data say ? There are opportunitist in the oil future market who try to manipulate price and make (100%, to 1000%) profit .
Hey this will also affect Mercedes though. Less oil barrons buying meredes. Time to dump your mercedes and humma stock.