Doon frae Troon
Ryder Cup Winner
Should we run a sweep to guess how many weeks it will take before Gideon raises oil fuel tax.
Oil Prices
- Thread starter Doon frae Troon
- Start date
Freight companies are still adding fuel surcharges. Make sense of that.
Tarkus1212
Challenge Tour Pro
The last time crude oil prices were this low we were paying about 65p a litre for petrol. Even allowing for tax increases we should be paying around 75p a litre now. We're meant to be happy with fuel at under £1, well we damn well shouldn't be.
ColchesterFC
Journeyman Pro
Think about petrol or diesel at £1 per litre. 80% of that price is tax which means that the oil companies are managing to explore and find oil/gas, drill to get it put of the ground, pipe it ashore, refine it and deliver it to the petrol station for 20p per litre. All of that work and it's cheaper than milk and to get that you just squeeze a cow.
I hope that Tarkus1212's unhappiness is aimed at the government and not the oil companies.
I hope that Tarkus1212's unhappiness is aimed at the government and not the oil companies.
Bunkermagnet
Journeyman Pro
It's times like this I sure do wish the Scottish referendum had gone the other way......
Doon frae Troon
Ryder Cup Winner
Look at the figures then............... go figure.
If only it was so simple. The cheapest oilfield in the North Sea is pulling oil out at a cost of $18 dollars a barrel, and there's little margin after that for everyone else in the supply chain. Most platforms are pulling oil at between €40 and €65 dollars a barrel.
To pull at €40 and sell at €31 suggests they're making a loss.
Doon frae Troon
Ryder Cup Winner
I believe the latest figures are £34 and rising [quite fast!]
€31.64, a drop of €2.3 on the day and heading down courtesy of further falls in the Chinese economy.
Doon frae Troon
Ryder Cup Winner
Good news then:lol:
Was the price not about $27 a couple of weeks ago?
Brent Crude $34.24 is what I see, [forgot to use $]
US crude is $31.
Last edited:
