Re: Why aren't fuels prices dropping?

you think you got it bad, try 0.73/l - that comes out at 3.26/imp gall, or AU$8.10!!! or US$5.40/imp. gall - i know US gall is slightly smaller but
we pay king hell gas prices here in europe. maybe we need another war ...
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wrote:

what you need is to get your governments to find other ways to fund their socialists programs
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It costs next to nothing to get oil out of the ground in Saudi Arabia. It costs a fortune to get it out of the North Sea. Price remains same/similar globally. The price only determines which sources are still economically viable. It just means that Saudi oil can be pumped out at very low prices, long after other sources stop. This would drive prices up again and other sources would come on-stream again etc...
DAS --
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NB: To reply directly replace "nospam" with "schmetterling"
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Great, but who is "we" and who is "they" and who decides what to do???
DAS --
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NB: To reply directly replace "nospam" with "schmetterling"
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