As competition forces some trimming of petrol prices, Granny Herald delivers a comprehensive round-up of what is causing prices to rise, with worthy contributions from Brian Gaynor, Liam Dann and Liam Dann with Bloomberg.
There is stock market speculation, extra demand from India and China and the inability of country's to match this growing demand.
As they increasingly say in America nowadays, Drill Here, Drill Now, Pay Less.
There is stock market speculation, extra demand from India and China and the inability of country's to match this growing demand.
As they increasingly say in America nowadays, Drill Here, Drill Now, Pay Less.
Of course, we mustn't forget the role of politicans and tax, in addition to their role in preventing oil exploration and exploitation.
This is best explained in a letter from Libertarian Shaun Holt that appeared in the NZ Herald Yesterday, which also appears on NOT PC.
On Fuel Prices
Why don't petrol stations advertise the cost of petrol as $1.25 plus taxes? That way everyone would see who is to blame for high prices - not the oil companies who find, collect, process and distribute the petrol, but the Government who takes nearly half of the cost, just because they can.
4 comments:
FFM that is an excellent idea. But, will the petrol stations and companies have the balls to do it.
Right on, FairFacts. I'd love this to happen in an election year!
Bugger off, cut my income tax first, please.
Markets can be irrational is Dann’s message towards the end of his article.
Gaynor craps on about SUVs and public transport.
There is nothing new in news about supply and demand. OPEC counties have always been cot cases etc etc.
Oil has spiked only this year. What has changed in the last six months that we didn’t know six months ago? Nothing.
Markets can be irrational and Gaynor's article is a waste of time.
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