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Old 03 April 2008, 18:47   #11
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No. It is not realistic to use the exchange rate to compare prices. Generally the dollar has the same purchasing power and the pound in the US., so it is like paying 3.20 punds per gallon to us.
Not sure that argument is valid for petrol prices since it is linked to the price of oil which is priced in dollars. If the exchange rate changes we see out petrol prices change.
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Old 03 April 2008, 19:13   #12
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in melbourne, australia petrol rose to $1.55, that is very very very bloody expensive!
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Old 04 April 2008, 00:52   #13
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Just put a total of 35 US gals into the truck and boat @ $3.30 per gal.
That hurts.
Well, that price is still a bargin for us, we are paying $ 5.30 per gallon for 95 octane unleaded high quality gasoline, that's why one of the economic reasons to use sibs with up to 30/40 HP engines. The Arab world is mad and insane, and the rest of the world must suffer it's consequences!

Happy Boating
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Old 04 April 2008, 13:06   #14
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The Arab world is mad and insane, and the rest of the world must suffer it's consequences! Happy Boating
Wonder how much oil the Arabs have left because once it's gone they don't have a lot else to offer the world. Thought the Canadians had some oil but expensive to extract from Shale, however the current high prices starts to make it worthwhile. Bad news is I don't think its ever going to be cheap again.

Pete
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Old 04 April 2008, 14:21   #15
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Wonder how much oil the Arabs have left because once it's gone they don't have a lot else to offer the world. Thought the Canadians had some oil but expensive to extract from Shale, however the current high prices starts to make it worthwhile. Bad news is I don't think its ever going to be cheap again.

Pete
we had one of our companies top managers onboard around february and he gave presentations on our global position as of 2008 and how we are looking towards 2025 .......some of the powerpoint slides shows that we have tapped into a very small percent of available global oil reserves if i remember it was around 3 or 4 % on the piechart ..most of us were gobsmacked at the amount of reserves globally but especially saudi they have huge reserves there .....if his slides were accurate then oil will be here long after we are gone. yet we were pumping 100,000 barrels a day in 1992-1997 now we are down to 6000 bbls a day ....but then again we are mainly a gas platform. so it still making monies.

I keep seeing Alex Salmond talking about so called scottish oil ........its actually owned by the oil companies and not the government. If they didnt tap into the reserves we wouldnt have an oil industry ....government dont drill for oil oil companies do.

amazes me the rip off price for diesel as well ....it is one of the easier products to refine yet its the dearest and Jet A-1 is very difficult to refine and yet is the cheapest .....you subsidise air travel in more ways than you know

rant over i'll get me coat/drysuit

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