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Old 02 September 2009, 18:06   #1
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Good news for BP

http://news.bbc.co.uk/1/hi/business/8233504.stm

Good news for Britain - the US and everyone really - BP has found a massive new oil field - 3 billion barrels.

Nice to see the largest oil producer in the US is British!!!
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Old 03 September 2009, 11:29   #2
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Great petrol will soon be down to 70p a litre again
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Old 03 September 2009, 12:06   #3
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Great petrol will soon be down to 70p a litre again
No a certain Mr Brown will see it as a great opportunity to put the tax up yet again - and people just roll over and take it - grrrrr!!!!!!!!!!!!!!!!
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Old 03 September 2009, 12:07   #4
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i hate them all

As if they have just found it! The cinic in me would believe they know where plenty more is with the technology they have, funded by the serious oil profits of yesteryear. They just keep the world in suspense to keep prices high.

They have probably only now physically drilled to find it and clarified their thoughts.
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Old 03 September 2009, 12:08   #5
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Price drop,yeah right would be nice though
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Old 03 September 2009, 12:39   #6
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As if they have just found it! The cinic in me would believe they know where plenty more is with the technology they have, funded by the serious oil profits of yesteryear. They just keep the world in suspense to keep prices high.

They have probably only now physically drilled to find it and clarified their thoughts.
I doubt that very much. Rmember the ONLY reason we pay so much for fuel is TAX TAX TAX.

Without the tax petrol is prob about 35p per litre - I could live with that!!!

A petrol station makes more money on a small bottle of pop than they do on 20 of petrol - seriously!!!

Even more sickening - on a 40,000L load in a full tanker the filling station makes about 1200 - yes that's all. Gordon Brown makes about 28,000!!!
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Old 03 September 2009, 15:06   #7
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Have to agree with Codders (again), a mates friend owned a petrol station and he said the same, they make more on selling crisps and stuff.
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Old 03 September 2009, 16:49   #8
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codders

Whilst i agree codders that the reason we pay so much for fuel is because of tax and petrol stations make only tuppence on each litre if they are lucky, my point is it is in the interests of the oil companies to be cautious/discrete/lie about their oil reserves.

The oil companies/BP announce massive profits each year. It is they that i am on about, they disclose what stocks/reserves they "think" they have left which in turn influences crude oil prices and their profits. Occasionally they announce, "new" finds, I somehow think these are know by some internally rather earlier than they let on.

Wasn't really commenting on the fuel at the pump prices or who makes the bulk of the profit.
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Old 03 September 2009, 16:52   #9
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just need to find another one of those wells on my dads farm and i'll buy everyone on ribnet free fuel!! Just going to go get a spade!
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Old 03 September 2009, 17:00   #10
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A petrol station makes more money on a small bottle of pop than they do on 20 of petrol - seriously!!!
No bloody wonder - have you seen what they charge for that stuff. 500mL about 1.50+ - that's 3x the price of petrol (10x the price of petrol without duty) and most of its water!
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