Robbo
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Registered: 6th Aug 02
Location: London
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theres no denying that oil is harder to get to but that doesnt impact the cost from $8 a barrel in 2000 to the $140 it is today...
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John
Member
Registered: 30th Jun 03
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Even with all the extra costs it should only costs about $30 a barrel to extract.
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Colin
Member
Registered: 4th Apr 02
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quote:
Originally posted by John
Thats what they'd like you to think.
Ok then 
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Hammer
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Registered: 11th Feb 04
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Futures market is the sole reason really like Robbo said, without it the oil price would sit at a natural level dictated by basic economics and we wouldn't have all this carry on we're going through just now.
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Ben G
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Registered: 12th Jan 07
Location: Essex
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quote:
Originally posted by Colin
quote:
Originally posted by John
Thats what they'd like you to think.
Ok then
it really is colin. none of us can actually see the oil in the earth so therefore we have no clue really.
they can make up whatever they want and when oil doesn't run out within the set period, suddenly they will have found a new reservoir to extract.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by John
Even with all the extra costs it should only costs about $30 a barrel to extract.
Do you know how much it costs to carry out seismic surveys, carry out Exploration test wells, build a rig, all the equipment it carries, get some mugs to opperate it, then all the downstream parts of actually turning it into petrol.
The 1st 2 steps there could cost.....£5M easilly, at that stage theres not even any guarantee that it will be used as a production well.
Its a Multi Billion pound industry, for the £13Billion or whatever Shell declaired as worldwide profits the spent hundreds or billions to make that profit. Thats why a barrel of crude costs what it does.
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John
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Registered: 30th Jun 03
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At the current costs, it should cost about $30 a barrel to extract, thats the facts, it's not $130
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Ben G
quote:
Originally posted by Colin
quote:
Originally posted by John
Thats what they'd like you to think.
Ok then
it really is colin. none of us can actually see the oil in the earth so therefore we have no clue really.
they can make up whatever they want and when oil doesn't run out within the set period, suddenly they will have found a new reservoir to extract.
No you cant see under the ground but thats what Geologists do using reflection seismology, so they have a fairly good idea of where the oil is & how much.
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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they have an idea, but they can say anything to make it more dramatic and up the prices.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Ben G
they have an idea, but they can say anything to make it more dramatic and up the prices.
Well I know what I believe.
Oil companies got to make a profit, proportional to their operations costs, just like any other company you know. Otherwise id be out of a job & no one would have any petrol for their motors Maybe the world would be a happier place 
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Ben G
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Registered: 12th Jan 07
Location: Essex
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yeah i understand about making a profit.
but theres a difference between making the same amount of profit continuously (sp) and being greedy and costing the same amount to produce but increasing the sale price.
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Hammer
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Registered: 11th Feb 04
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There's plenty of oil left, the reason the oil companies don't tell you that is the minute it's in the public domain the government will tax them more.
The proven reserves on most fields including the most iconic 'forties' field in the North Sea are all actually rising rather than falling. BBC Scotland documentary a couple of weeks ago detailed it.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Hammer
The proven reserves on most fields including the most iconic 'forties' field in the North Sea are all actually rising rather than falling. BBC Scotland documentary a couple of weeks ago detailed it.
Then why are the numbers Barrels/day showing differently & why are the likes of BP/Shell/Total etc (Bigger players) selling off North Sea assets to the likes of Woodgroup/Petroplus/PSN ('fluffers' collect all the drips) & all their onshore assets aswell, there all pretty much owned & ran by smaller companies now. Why if the revenues not there would these big companies pull out?
The North Sea is still got many pockets of oil but it is in decline, all the future oils in deep sea & northern north sea area's thats a bit more dificult to drill.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Ben G
yeah i understand about making a profit.
but theres a difference between making the same amount of profit continuously (sp) and being greedy and costing the same amount to produce but increasing the sale price.
It is costing them more to produce though
Your a plumber Yeah? What do you do when the price of copper goes up, or Stelrad decide to stick another 20% onto the cost of their Rad's? Pass it onto the punter....of course.
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Hammer
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Registered: 11th Feb 04
User status: Offline
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http://news.bbc.co.uk/1/hi/scotland/7435016.stm
That's a condensed text version of what the reporter said basically.
The big boys are selling up to hungry more aggressive companies that are shooting out seismic surveys and drilling new wells.
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Mark.W
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Registered: 3rd Jan 07
Location: County Durham
User status: Offline
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£1 PL should be the acceptable price
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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I'm happy to pay £1 a littre.
I use my car to commute, without it i can't get to work or even work. As i've said in recent weeks, i soon won't be able to afford to get to work.
Today i never had anything to eat to save a few quid and there's no food in at my flat. Just about had enough..
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Daveskater
Premium Member
Registered: 29th Apr 08
Location: Oxford, UK Drives: Jap wagon
User status: Offline
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That's quite an extreme mate, I don't think the Govt. realize people are in that sort of situation.
If I get this new job then I will need to have to be able to run my car, because I'd be on a 3-weekly callout rota. One of the requirements for the job is you have to have a license so that you can do the callouts.
I reckon £1 would be an alright price, but anything less than what it is now would be good. As somebody said a page or two back, though, petrol/oil isn't something where the buyer controls the cost. Because we need it, we will pay what we have to to get it.
I also like all the "That's what they want you to think" conspiracy posts going on
Numberwang!
Originally posted by AlunJ
I like you Dave, you are a man of men
Originally Whatapp'd by Neo
Dave's maybe capable of a drive-by cuddle
Look at my pictures
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Mark.W
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Registered: 3rd Jan 07
Location: County Durham
User status: Offline
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i was told it cost more to make petrol than it is to make diesel and petrol is cheaper than diesel.
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John
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Registered: 30th Jun 03
User status: Offline
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They aren't conspiracy dave, they are fact.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Andrew
I'm happy to pay £1 a littre.
I use my car to commute, without it i can't get to work or even work. As i've said in recent weeks, i soon won't be able to afford to get to work.
Today i never had anything to eat to save a few quid and there's no food in at my flat. Just about had enough..
Obvious answer to that is buy a cheaper car!?
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Ash_EP3
Member
Registered: 15th May 07
Location: Melksham, Wiltshire
User status: Offline
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I think we are fooked either way tbh, I dread to imagine how much fuel these guys use:
- Airlines
- Transport Companies (hauliers)
- MotorSport (F1, Moto GP WRC etc)
- Large Industial Companies
When the fuel supply runs out they simply can't stop? - these major users should learn to cut down
As for us "the average consumer" we have alternative ways to commute (may not be easy for some but tis true)
- Public Transport
- On foot
- Push bike etc
[Edited on 17-06-2008 by S214_UPP]
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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I'm happy to pay £1 a litre.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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And tbh, at the end of the day i'm not going to get involved with this argument of "we lived without". We need to sort out the big companies, and the countries like China first, then move onto the public. And the way of working with the public is NOT to slap the price up sky high, but to qork with them, incentive to buy alternative fuel cars, encourage manufauters to make cars that run on biodiesel/biofuels.
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lil_g
Member
Registered: 29th Oct 06
User status: Offline
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quote:
Originally posted by VegasPhil
Should be less than a quid.
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