Thread: So the banks have cut the rates... what about oil ?

Originally Posted by Brian Hjelm

Haven't you worked it out that fuel prices go up, not down. You don't expect the executives of the Seven Sisters to lower prices, profits, and their salary packages.

Dunno, In Orange the fuel prices haven't gone up for a long time now. Actually, they've been falling ever since its peak at 198.9 and dropped again just yesterday by 2c/litre for diesel down to 171.9.

according to the CIA world factbook peak oil has been and gone (2005) we are on the slide down now. 3 years later and look at the catalyst effect on the overpriced world markets.

continuous growth is only possible assuming unlimited resources. we live in the real world where things are limited.

AFAIR
Oil at USD 145 at USD96= AUD1 = AUD 151 per barrel
Oil at USD 88 at USD 69= AUD1 = AUD 127.5 per barrel.
This is about 16% difference or on say 1.60 or 25 cents per litre it should be down. I haven't seen 1.35 anywhere.

Someone is getting at us somewhere as the petrol price in Sydney went up this week vs last week.

Regards Philip A