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Are the oil companies making too much profit? |
| Just noticed the price of oil has dropped to below $100 a barrel, a drop of $50 in two months, yet fuel prices at the pump have dropped a miserly 9p a litre at my garage. I would really like someone ... |
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http://uk.movies.yahoo.c
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Selling tracksuit bottoms on ebay and the buyer asked me to Customise them what does he mean?
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... |
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Why do so many people put Walmart Down? |
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What do you think is the biggest company in the world? |
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Will indian economy overtakes china? |
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HELP! Did I win an email lottery or not.? How to find out? |
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(part I) how can I be a good manager who people want to follow ? |
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Do you think walmart is hurting small town businesses? |
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How is Radioshack still in business? |
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billy brite | Why, is the price of gasoline $10.00 in the U.K., and $4.00 in the U.S. when----? |
when one of the companies is BP. BP is British Petrolium. You mean to tell me, that a company in your own country is price gouging you and you are doing nothing about it? |
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pibzz
|
It's called FREE HEALTH CARE lol
Isn't it nice when things are FREE and cost you NOTHING?
People who wonder why fuel is so high apparently believe there is such a thing as a free lunch. In most of Europe, fuel is taxed off the chart so people don't have to "pay" for health care.
This is what socialists call free health care. To the rest of us with brains, it means Europeans pay $400 to fill their cars each month instead of in the US where we pay $400 for health insurance each month.
Soon, in the US we will do both, the government will keep ALL the money, and Kennedy and Obama will continue to insist that government services are still free!
Government spending is out of control on all these "free" things.
This is why the US dollar is falling like a rock. Each % it falls, oil rises $5 per barrel. Duhhhh. So it looks like we DO pay for all that free stuff after all. Gee, what a concept.
Stupid people (mostly Democrats) will believe however that government services are really free, and oil companies are simply raping us (and should be punished)
So they'll keep voting for Obama, because most Democrats also believe in unicorns, strawberry scented welfare checks, rainbow powered love machines (that run on ethanol) carbon credits, and all sorts of other nonsense.
Have you ever noticed that most Democtrat ideas are so profound they fit on a bumper sticker? LOL
Seems the proponents of "free" have little concept of why the dollar is falling and how that hurts those of us who work. Its easier to just blame Texaco, go on welfare, and vote for Obama ! |
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Ryan
|
Gas is taxed considerably higher in Great Britain. The country is price gouging to encourage alternatives and generate revenue. |
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ALAN T
 |
Out of the £1.27 a litre price £1 of it goes to the government in taxes, that doesn't leave a lot for the oil company, distributors, retailer etc. The really bandits as usual in the UK are the very people who should be looking after the public |
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girlygurl23
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The notion that we are being price gauged has little warrant. Number of factors are causing high gas prices in U.S, which includes low dollar value, increase demand from China/india, speculation, lack of refineries.
THe price is higher in UK, because 1) there was a refinery shutdown recently 2) govt. imposed taxes. |
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raysor
 |
Er, Tax? |
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Heralda
|
Firstly, the oil fields off the British coastline are in decline, oil production there peaked in 1999, and like two-thirds of the major oil producting countries in the world, the oil is depleting. As is normal in such circumstances, less supply and high demand means price rises. BP is not the one gaining most revenue from fuel prices here, it is the Government, so to blame them for increases in petrol is misguided.
Secondly, the British people have forgotten that this Government did not put the fuel duty accellorator on fuel, the Thatcherite Conservative Government did, to pay for the tax cuts they made for the rich. It was seen as a 'robust' tax, that is one people will pay because they want/need the thing being taxed.
It was argued that like tax on alcohol and cigarettes, the choice was with the consumer, they could avoid the tax if they were prepared to change their behaviour, and so was not unfair. The fact that poor people paid proportionately more tax than the well off did not bother the Government of the time that much at all. They introduced a whole raft of 'stealth taxes' that they thought people would not notice as they were being fleeced. They did and the Conservatives were replaced by the present Government.
This Government kept the fuel tax because they wanted to keep the money coming in and because they wanted innovation and business investment in technologies that would reduce our dependance on foriegn oil as our oil fields began to decline. When the price of fuel is too low, there is no incentive to do this. There is very little demand in Britain for cars with low fuel efficiency. In America General Motors is seeing the light and cutting it's production of gas guzzling monsrosities (mainly because they can't sell them), meanwhile, we in Britian, having cars that run on less fuel means that the cost of running a British car is about the same as for someone whose petrol costs less, but whose car uses more. As seen with GM, if the public demands more fuel efficient cars, the manufacturers will adjust.
Thirdly, this Government has committed itself to the Climate Change Bill to cut UK emissions by 60%. Removing the fuel duty will not help us to do this. Just as the British were the first to abolish slavery, so they are leading the world again, and are the first to put into Law the need to protect the planet. I can understand why this mentality doesn't sit well with the USA.
In the minds of most Americans, as long as they can park their fat a**es in front of the TV to watch a game while stuffing cheese topped Nanchos in their faces they couldn't give a toss about anything else. Drilling in nature reserves will only postpone the inevitable for about a year. It is about time they woke up to the fact of oil depletion, instead of having to be dragged kicking and screaming into the 21st Centuary. Climate change is real, peak oil is real and the fraudulent way the American economy is run is leading to it's total collapse.
http://carolynbaker.net/site/content/view/489/
As for Britian, there is no real need to cut the fuel duty. Costs are rising for the Government too, and they need the revenue to keep up public services, not only the NHS but the massive cost of the war effort and the bailing out of Northern Rock, a failing bank that has not managed to find a buyer and so has been taken into public ownership at HUGE expense, around £93 billion so far, (approx. $180 billion). This means that every adult in the country has given £3,000 ($5,800) each to pay for a bank they did not want.
What can we do about that? What can you do about the $600billion that is pouring into the coffers of foriegn oil producers from your country every year. How long can you do that before the country is bankrupt? The solution is in the hands of the American people, as long as they are prepared to reduce their dependance on oil. More fuel efficient cars, the revival of manufacturing in America instead of imports from China, local food production and distribution, local power generation, proper town planning so that people can shop and work within walking distance of where they live, better public transport etc. By just eliminating waste from their current systems, Americans could cut their oil dependance in half.
Because we have lived with higher fuel prices for some time now, and we use half the amount per person than the average American, we are in a better position to cope with rises in oil prices, although that is not to say it's not becoming painful for some. By Law no British citizen with an address can have an individual income of less than £53 ($105) a week after rental costs have been taken into account, and the minimum wage is around £5-6 ($10-12) an hour. I don't drive, I use the train to travel to town every day and only have a 15 minute walk to the nearest shop, handy when you run out of milk.
My family went out for the day yesterday and we only paid £8 (appox $15) for an all day Family Travelcard, hopping on as many buses as we wanted all day. We travelled to Windsor, visited Windsor Castle, walked along the river, fed the swans, saw a few sights, then travelled Slough to do some shopping, (cheaper than Windsor) and took scenic journeys to Bracknell and Reading before returning home, all on the same ticket. Bliss! |
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smittybo20
|
Glad you asked this question. Very good question I must add. The cost of fuel is really our own fault. The US has the means and resources to provide for all of our needs.
I went to fuel up with Ethanol the other day. All of my vehicles are running on Ethanol now.
The price of it is almost the same as petrol. I almost dropped my teeth. I got really disturbed by this. I contacted the ethanol producer here in GA. They claim there is no reason for it. I was told with a gas station, I could buy all petrol and ethanol from them direct. The cost? $2.74 per gal, and I add a few cents on each gal for profit. This is after taxing.
So the bottom line here, is the middle man, the ones that deliver to the pumps are really adding a lot on. What gets me is the delivery trucks are operating on diesel. Not bio fuels.
I hope that when all of the investigations are done into why the cost of fuel is so high, a drop in fuel prices will occur.
This will aso aid in drop in prices of goods. |
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pikeruss
|
Because we're better............ |
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Vik Lokz
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intersting...
never knew this before
lol |
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wresqu
 |
One of the most common reasons cited for the price jump is supply and demand - we are using more oil, which accounts for 70% of the price of gas, and finding less of it.
Why we are finding less oil and using more of it is partly a result of the low prices during the 1990s. Those low prices - partly caused by low gas taxes in the U.S. compared to other developed nations - both encouraged rapid consumption domestically (think SUVs) and underinvestment in new production by the world's oil companies.
New supplies of oil from non-OPEC countries were supposed to come online in 2007 and ease some of these supply bottlenecks. But problems in Kazakhstan and Russia - as well as sweeping drilling bans in the United States - mean global consumption is growing twice as fast as non-OPEC production.
Analysts say OPEC, which hold two-thirds of the world's oil reserves but sees a global economy humming along despite $130 oil, has little incentive to increase production |
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Emzie J
 |
its ridiculous i went to my local petrol station today and its now £1.27 :O :O i think they want everyone to start riding pedal bikes llol |
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Jim E
 |
What are we meant to do, petrol is petrol, its going up everywhere mate. |
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georgestraitfan
 |
That's so not fair. |
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