[url=http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/29/ccoil229.xml&CMP=ILC-mostviewedbox]TOL.. [/url] said:...One by one, countries across Asia and the Middle East are being forced to abandon price controls on fuel and energy, bringing hundreds of millions of consumers face to face with the true market cost of oil. The effect has already begun to chip away at world demand and may ultimately trigger a slide in crude prices...
OPEC's take on things.. May 2008[url=http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/26/cnsoros126.xml]Soros [/url] said:...Speculators are largely responsible for driving crude prices to their peaks in recent weeks and the record oil price now looks like a bubble, George Soros has warned...
...the horse will once again come to the fore.Unless there is some clever clogs out there who can come up with low priced substitute for fuel...
http://www.investorschronicle.co.uk...00aa/Speculators-lead-the-oil-price-dance.jspThe Investor's Chronicle said:Speculators lead the oil price dance
What are they whining about? They simply work out their running costs and add profit on top. It's you and me that pays the extra fuel price with higher consumer prices on goods they carry - not them.
And what can Gordon do about the price of World oil anyway? Not only that - the faster we use our dwindling oil resources the bigger the crash when the price goes through the roof due to our squandering a finite resource. We leave our kids houses and cash - how about leaving them something really useful - like a bit of oil?
What are they whining about? They simply work out their running costs and add profit on top. It's you and me that pays the extra fuel price with higher consumer prices on goods they carry - not them.
And what can Gordon do about the price of World oil anyway? Not only that - the faster we use our dwindling oil resources the bigger the crash when the price goes through the roof due to our squandering a finite resource. We leave our kids houses and cash - how about leaving them something really useful - like a bit of oil?
To bring this back on topic.What the hauliers are facing is unfair foreign competition (known as cabotage) from continental hauliers who pay a lot less for there fuel and undercut rates (same as Poles are doing to the UK laboour market),which prevents UK hauliers from simply passing on the cost as the customers can just look to johny foreigner to do his tranpsortation,just as with migrant workers UK hauliers are not able to compete with a level deck
And how is hydrogen produced,reliant on oil or fossel fuels.If it is fine by you I will keep using my hydrogen powered car
So we scale up to full scale Nuclear production for electricity and use electric cars which we charge from a wall socket at home (which are already available) ... No oil ... What's the problem?Nuclear power is also pretty useless as all it can do is produce electricity, not ideal to run your car on.