Brent crude $100 a barrel
Discussion
Price will depend on what the Saudis do, they turned the taps up when Libya kicked off, they could just as easily turn them back off to keep the oil price high.
Though with China slowing down Riyadh might see a high oil price as damaging to future exports if more countries look for alternatives and take serious measures to reduce oil use as part of a growth strategy.
I very much doubt oil will plunge to anything like $8bbl as it did during the 90s recession so I wouldn't go looking for a V8 just yet.
Though with China slowing down Riyadh might see a high oil price as damaging to future exports if more countries look for alternatives and take serious measures to reduce oil use as part of a growth strategy.
I very much doubt oil will plunge to anything like $8bbl as it did during the 90s recession so I wouldn't go looking for a V8 just yet.
king expensive and will be no matter what happens to the oil price, ramp fuel duty up until everyone is fIt ain't coming down as fast as it went up, as they "big oil" know you've got used to higher prices now, so they're filling their boots on the quiet, and trying to offshore as much profit as possible while HMG plays along as it needs as much easy tax revenue as possible. And the sheeple are such a soft touch and short on memory.
cerbfan said:
Come on oil back up you go, keeps me in a job and the rates high.
Is this a selfish view point?
no it's not selfish, oil price should be as high as is viable to encourage thrift. It's been manipulated down in readiness for QE3. I'd expect at least a $20 premium on today's price by the US elections.Is this a selfish view point?
Is it an AJP or a S6?
Colin.
BlueMR2 said:
DSM2 said:
said:
I very much doubt oil will plunge to anything like $8bbl as it did during the 90s recession so I wouldn't go looking for a V8 just yet.
Petrol prices probably wouldn't come down if it did...............
.Two problems I can see here:
1) The oil price goes so low the Chancellor's eyeballs turn to £ signs.
2) Eventually we all decide this Syria nonsense cannot go on any longer, get the guns out and the entire middle east is thrown into a decade long war leading to skyrocketing prices, Saudi's cutting us off as the 70s is relived.
1) The oil price goes so low the Chancellor's eyeballs turn to £ signs.
2) Eventually we all decide this Syria nonsense cannot go on any longer, get the guns out and the entire middle east is thrown into a decade long war leading to skyrocketing prices, Saudi's cutting us off as the 70s is relived.
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