Reply to: Petrol Doom

[TimberWolf]

And more hikes are in the pipeline, with petrol retailers and motoring groups warning: ‘The only way is up.’

Lol.

Up about 15% a year over the last 3 years:



Amazing how fast the little price numbers spin around when you fill up these days, with the litre number lagging behind.

[DimPrawn]

Coryton refinery shipments start as deal signed

BBC News - Coryton refinery shipments start as deal signed

Once again the Daily Wail proves what a gutter newspaper it is.

Supermarkets rush to raise fuel prices as the pumps run dry | Mail Online

There is no fuel, riots on the streets and the army has started shooting people.

It's all here in the Wail.

AND

Kelly Brook takes inspiration from Kate Beckinsale's Underworld catsuit for new sci-fi movie | Mail Online

[BrilloPad]

Coryton refinery shipments start as deal signed

BBC News - Coryton refinery shipments start as deal signed

Once again the Daily Wail proves what a gutter newspaper it is.

[Freamon]

Do you have a linky for this - not saying you're wrong, just curious?

As I understand it, there's bucketloads of the stuff out there but it only becomes economical to get it out once Oil hits a certain price. IIRC loads of investments in to Shale Oil was put on the backburner when prices dropped below a certain point.

[AtW]

It is my impression that 'unconventional oil' can't make up the gap partly due to energy cost in extraction.

Shale gas burnt to generate power stored in new nano-batteries.

After that average Joe Bloggs from Yorkshire will be buying football clubs in Dubai on his spare change.

HTH

[The_Equalizer]

Do you have a linky for this - not saying you're wrong, just curious?

As I understand it, there's bucketloads of the stuff out there but it only becomes economical to get it out once Oil hits a certain price. IIRC loads of investments in to Shale Oil was put on the backburner when prices dropped below a certain point.

I think it came from this book, although I would have to double check:

Oil 101

It's well worth a read.

There's some info here too:

The Oil Drum

It is my impression that 'unconventional oil' can't make up the gap partly due to energy cost in extraction.

[Pondlife]

Quite possibly the thin end of the wedge. From what I understand oil stocks are depleting by 4% a year. It's part of the reason I have bought shares in oil explorers. Dim Prawn you can keep your gold.

Do you have a linky for this - not saying you're wrong, just curious?

As I understand it, there's bucketloads of the stuff out there but it only becomes economical to get it out once Oil hits a certain price. IIRC loads of investments in to Shale Oil was put on the backburner when prices dropped below a certain point.

[DimPrawn]

Quite possibly the thin end of the wedge. From what I understand oil stocks are depleting by 4% a year. It's part of the reason I have bought shares in oil explorers. Dim Prawn you can keep your gold.

You smug b@stard!

[The_Equalizer]

Quite possibly the thin end of the wedge. From what I understand oil stocks are depleting by 4% a year. It's part of the reason I have bought shares in oil explorers. Dim Prawn you can keep your gold.

[Dearnla]

Only affects the south-east, doesn't it? Not a real problem

I'm alright Jack! Filled up this a.m. in a garage that only had 3 other cars in it.....

[NickFitz]

Only affects the south-east, doesn't it? Not a real problem

[fullyautomatix]

I can't be arsed to read a Daily Fail article, but just how the hell does a petrol refinery go bust? It's not like the prices have dropped.

They do go bust, if they dont employ new technology to make the refining process more efficient. Countries like India/China are creating gigantic refineries with modern technology which will soon make petrol refinery in the UK unsustainable.

[OwlHoot]

AA urged motorists not to panic, buy and drain petrol stations of their reserves ...

,

[Pondlife]

Refinery margins are (currently) about $3 a barrel and so it's not always a good business to be in.

[gingerjedi]

The 'nanny' sign above the M5 near Clevedon which usually reads "Dont drink and drive" or "Tiredness can kill" read "Check your fuel level" this morning.

Is a government agency trying to cause a panic?