Iraq and oil
Posted: Fri Sep 10, 2004 6:51 pm
While everyone's got a boner about 9/11, Iraq and governments being a bunch of liars...
A couple of weeks ago, as fuel prices continued to rise, I heard an interview on Radio 4 where it was stated that crude oil prices were rising because of the shortfall in Iraqi oil due to pipes being sabotaged.
Is it just me, or has the West only had access to that oil for 10 months or so?
So how did we manage beforehand? And another thing, during the big fuel crisis a couple of years ago, various PR spods from the oil companies were wheeled out to placate us all. Several of them said that crude was a futures market, in that crude increases today wouldn't affect pump prices for several months due to stockpiles. So how come the minute OPEC sneezes, BP whack money on the price of a litre?
Just another example of the buying public being kicked in the nuts each and every day.
A couple of weeks ago, as fuel prices continued to rise, I heard an interview on Radio 4 where it was stated that crude oil prices were rising because of the shortfall in Iraqi oil due to pipes being sabotaged.
Is it just me, or has the West only had access to that oil for 10 months or so?
So how did we manage beforehand? And another thing, during the big fuel crisis a couple of years ago, various PR spods from the oil companies were wheeled out to placate us all. Several of them said that crude was a futures market, in that crude increases today wouldn't affect pump prices for several months due to stockpiles. So how come the minute OPEC sneezes, BP whack money on the price of a litre?
Just another example of the buying public being kicked in the nuts each and every day.