Oil Priices

Baggee · 25-01-10, 03:27 PM

I see today that oii is now below 75 dollars a barrel. So will it drop at the pumps? I doubt it

They hung Dick Turpin for Highway robbery.

missfire · 25-01-10, 03:31 PM

it drops at the pumps a couple of months later usually,...

once the price filters its way through the supply chain....thieving **nts...

it will be above $300.. in the next ten years .....so burn as much as you can now..!!!

Baggee · 25-01-10, 03:39 PM

Quote:

Originally Posted by missfire

it drops at the pumps a couple of months later usually,...

once the price filters its way through the supply chain....

You a Politician lol. I doubt we'll see the prices drop too much. As for burning as much as I can..the S6 needs no encouragent in that department

Micky · 25-01-10, 03:45 PM

sod the small car bring back the small block v8

PeterB · 25-01-10, 04:49 PM

The twunts are supposedly raising the tax on fuel soon too.

missfire · 25-01-10, 06:01 PM

Quote:

You a Politician lol.

NO thank christ.....!

i just meant that the price you pay at the pump relates to what the refinery paid for the crude some time ago...

this is a vid everyone should watch.......interesting......

YouTube- Peak Oil: Gas Prices, Supply Depletion & Energy Crisis SHORT

missfire · 25-01-10, 06:33 PM

i might be wrong here and there on this and please correct me, someone, if i am...
but this is my 'take' on how 'they' shaft us on a daily basis......

oil is sold in 'futures contracts'...basically a trader takes a stab at what the price of oil will be at some point in the future..and buys the futures contract..
if, when the time comes, the oil price is lower than the guess they took when they bought it..they lose money..
if, when the time comes, the oil price is higher than that guess...the make a mint!

at least that is how it is supposed to work............

but its not.....

what happens is...as soon as the contract is bought, it is re-sold, again and again and again.....maybe hundreds of times....on the stock market, before the contract matures...if that is the right word..

so!

when the oil is extracted, it costs about 5-20 $ per barrel.....
once it has been through the stock market......and the processes and ''service'' that we are told that these 'good people' are doing for us, that we cant live without...it costs about 75-100 $ per barrel...

so someone is making a lot of money for not doing very much.....

missfire · 25-01-10, 07:01 PM

i will shut up after this...cause you will all be sick listening to me....

but.....

as a side note...the 5 to 20 $ per barrel extraction price that we pay 'mr saudi', or whoever
has not really changed much for a long time...maybe even decades..!

what the price rise that the refineries are paying indicates is the start of the 'game'....

the futures traders are starting to bet when supply will start the never ending decline...

this is why the vid above and 'peak oil' in general is so important to know a bit about...

it might not happen for another 50 years...
but it might happen soon....

25-01-10, 03:31 PM	#2
missfire making wooden things Classic Audi Club Member Join Date: Dec 2009 Location: cow land Posts: 8,156	it drops at the pumps a couple of months later usually,... once the price filters its way through the supply chain....thieving **nts... it will be above $300.. in the next ten years .....so burn as much as you can now..!!!

25-01-10, 03:45 PM	#4
Micky Mr Fifty Thousand! Classic Audi Club Member Join Date: Apr 2008 Location: Birmingham Posts: 8,738	sod the small car bring back the small block v8

25-01-10, 04:49 PM	#5
PeterB You absolute shower! Classic Audi Club Member Join Date: Jul 2007 Location: The Chester Posts: 1,444	The twunts are supposedly raising the tax on fuel soon too.

25-01-10, 06:33 PM	#7
missfire making wooden things Classic Audi Club Member Join Date: Dec 2009 Location: cow land Posts: 8,156	i might be wrong here and there on this and please correct me, someone, if i am... but this is my 'take' on how 'they' shaft us on a daily basis...... oil is sold in 'futures contracts'...basically a trader takes a stab at what the price of oil will be at some point in the future..and buys the futures contract.. if, when the time comes, the oil price is lower than the guess they took when they bought it..they lose money.. if, when the time comes, the oil price is higher than that guess...the make a mint! at least that is how it is supposed to work............ but its not..... what happens is...as soon as the contract is bought, it is re-sold, again and again and again.....maybe hundreds of times....on the stock market, before the contract matures...if that is the right word.. so! when the oil is extracted, it costs about 5-20 $ per barrel..... once it has been through the stock market......and the processes and ''service'' that we are told that these 'good people' are doing for us, that we cant live without...it costs about 75-100 $ per barrel... so someone is making a lot of money for not doing very much.....

25-01-10, 07:01 PM	#8
missfire making wooden things Classic Audi Club Member Join Date: Dec 2009 Location: cow land Posts: 8,156	i will shut up after this...cause you will all be sick listening to me.... but..... as a side note...the 5 to 20 $ per barrel extraction price that we pay 'mr saudi', or whoever has not really changed much for a long time...maybe even decades..! what the price rise that the refineries are paying indicates is the start of the 'game'.... the futures traders are starting to bet when supply will start the never ending decline... this is why the vid above and 'peak oil' in general is so important to know a bit about... it might not happen for another 50 years... but it might happen soon....