FabSwingers.com forum: Oil prices

By *or Fox Sake OP Couple
over a year ago

Thornaby

Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

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By (user no longer on site)
over a year ago

Excellent! One step closer to running a V10 engined car!

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By *ab femWoman
over a year ago

Ayrshire

It is bad news for the workers

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By *or Fox Sake OP Couple
over a year ago

Thornaby

"It is bad news for the workers

Absolutely, worse news for Putin and Salmond though.

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By (user no longer on site)
over a year ago

Good news for us using oil for heating 27ppl now was 65ppl two years back. We can finally keep toasty.

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By *ab femWoman
over a year ago

Ayrshire

"It is bad news for the workers

Absolutely, worse news for Putin and Salmond though. "

Right now they are the leased of my concerns to be honest. The workers have my thoughts, it's like a throwaway culture with the workers at the moment. I understand why it is but that doesn't make things any easier for those loosing their jobs

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By *nnyMan
over a year ago

Glasgow

With Salmond getting £1,800 for one episode of HIGNFY, I doubt he'll care.

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By (user no longer on site)
over a year ago

The only problem is the gov will tax fuel to hell again keeping prices high. The consumer is the looser as much as the oil producers

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"It is bad news for the workers

Absolutely, worse news for Putin and Salmond though. "

Yes very bad news for those two (not forgetting Sturgeon of course)

Imagine if Scotland had voted out. All the SNP calculations were based on oil at $100 a barrel now it's less than $30.

It is also bad news for the taxman as every 5p off at the pumps costs the exchequer 1p. Not a lot when you say it like that but multiplied by a few million litres every day it knocks a good size hole in the governments budget.

On the up side diesel is now averaging around .95€ (73p) a litre here in Germany (even less in Luxembourg and Spain) and expected to fall further.

Fuel costs are the biggest expense for the airlines so the fall should make Summer holidays much cheaper as well.

It will also reduce transport costs on pretty much everything so some of the reduction should trickle down into prices in general.

Make the most of it while you can because it wont last forever. The Saudi's could change everything in a moment.

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By (user no longer on site)
over a year ago

" All the SNP calculations were based on oil at $100 a barrel now it's less than $30.

....

Make the most of it while you can because it wont last forever. "

Exactly!

I'll leave this here from the UK government. Predictions going forward from 2013. Page 3.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/212521/130718_decc-fossil-fuel-price-projections.pdf

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By (user no longer on site)
over a year ago

Only fools and charlatans make predictions.

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By (user no longer on site)
over a year ago

"Excellent! One step closer to running a V10 engined car!

Porsche Carrera GT by any chance

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By (user no longer on site)
over a year ago

I've a V8 that's going back on the road this week hopefully and it's LPG too! .40p a litre.

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By (user no longer on site)
over a year ago

They should drop or the government could pull a fast one and raise tax on it. Oh and off topic Fab feb you have an amazing figure x

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By *htcMan
over a year ago

not if germany gets its way, it will shoot back up, germany wants to tax all fuel in europe even more to make money for the new arrivals.

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By *olgateMan
over a year ago

on the road to nowhere in particular

Petrol and diesel could drop to 85 per litre

C...

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By *S RachaelTV/TS
over a year ago

Lowestoft

"Excellent! One step closer to running a V10 engined car!

Porsche Carrera GT by any chance

And my Maserati...

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By *verready32Man
over a year ago

omagh

Shows that world wide industry is weak and making exporting to oil producing countries very difficult

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By (user no longer on site)
over a year ago

"Excellent! One step closer to running a V10 engined car!

Porsche Carrera GT by any chance

No something way more affordable, either BMW M5 or Audi S8

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By (user no longer on site)
over a year ago

Tax will increase as government tax revenue drops. Its just a short lived benefit for now. Then it may go up and your tax will not be reduced though.

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By *iamondjoeMan
over a year ago

Glastonbury

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers. "

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you.

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By *verready32Man
over a year ago

omagh

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you."

Yep and that slow down will last for some time

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By (user no longer on site)
over a year ago

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you."
.

Just out of interest...

How much do you think we've spent on the junk bond market propping up the fracking industry???.

I'll give you a clue...

You can have a good war with how much it cost!

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By (user no longer on site)
over a year ago

I mean you didn't think the fracking industry came free did yer?.

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By *iamondjoeMan
over a year ago

Glastonbury

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you..

Just out of interest...

How much do you think we've spent on the junk bond market propping up the fracking industry???.

I'll give you a clue...

You can have a good war with how much it cost!

A fair amount. The $1.7tn was for the US war effort and excludes an estimated $490bn set aside for compensation and the UK costs.

Could buy a few banks with that

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By *ophiaCDTV/TS
over a year ago

St Asaph

What goes down will go up. With oil prices crashing there is no exploration, development, maintenance, less safety, etc etc. So when we do need the oil industry it will be in a mess. This means the price will go through the roof because bringing back on line the existing wells that have had no maintenance, the back log of bringing on line new wells etc will cost a fortune. Enjoy cheep oil now cause it will come back to bite us all in the bum sooner than you think

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By *i-shoptonMan
over a year ago

bishopton

"It is bad news for the workers

Sure is bad news for the workers- and I should know !!!!.....cheaper oil has major benefits of course , but not when it goes too far out of kilter- everything - politically and financially becomes unbalanced and unsettled.

You have fabulous, beautiful tits by the way........ indulge me

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By (user no longer on site)
over a year ago

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you..

Just out of interest...

How much do you think we've spent on the junk bond market propping up the fracking industry???.

I'll give you a clue...

You can have a good war with how much it cost!

A fair amount. The $1.7tn was for the US war effort and excludes an estimated $490bn set aside for compensation and the UK costs.

Could buy a few banks with that "
.

The Saudis aren't trying to keep market share, they've got a market for every barrel of oil they produce... It's bollocks.

Read what the Saudis are saying between the headlines!.

There sick to death of the us printing bullshit bonds to produce oil, while the Saudis have to use real money!.

The Saudis are intent on killing the junk bond market not some make belive market share!.

1.7 trillion doesn't even come close, the US are in the hole for hundreds of billions just on fracking?.... Throw in the rest of the bollocks and you've got tens of trillions... And its all make belive money! Just an illusion..Poof and its gone!.

The barrel of oil dropping below 20$ will kill that market because nearly every producer except the middle East will go tits up and with it comes a whole lotta shit.

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By (user no longer on site)
over a year ago

My other half was made redundant last week from oil and gas company in the north sea. With a mortgage and everything else it's going to be quite a tight few months on just my income. First time since he was 18 (now 34) that he's not had a job.

Just hope he manages to find something soon. Thoughts are with all the others in a similar situation.

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By *agan_PairCouple
over a year ago

portchester

"Excellent! One step closer to running a V10 engined car!

Porsche Carrera GT by any chance

Sure makes filling the V12 even more pleasurable !!

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you..

Just out of interest...

How much do you think we've spent on the junk bond market propping up the fracking industry???.

I'll give you a clue...

You can have a good war with how much it cost!

A fair amount. The $1.7tn was for the US war effort and excludes an estimated $490bn set aside for compensation and the UK costs.

Could buy a few banks with that .

The Saudis aren't trying to keep market share, they've got a market for every barrel of oil they produce... It's bollocks.

Read what the Saudis are saying between the headlines!.

There sick to death of the us printing bullshit bonds to produce oil, while the Saudis have to use real money!.

The Saudis are intent on killing the junk bond market not some make belive market share!.

The barrel of oil dropping below 20$ will kill that market because nearly every producer except the middle East will go tits up and with it comes a whole lotta shit."

Very true, and don't forget that the Saudi's have a vested interest in keeping Iran's economy down.

The Iranians would love to be getting 50 or 60 bucks (or more) a barrel. They really do need the money but the Saudi's cannot allow them the cash to pump into the proxy war they are fighting in Yemen (and to a certain extent Syria) so the Saudi's will take a hit themselves to maintain the status quo.

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By *verready32Man
over a year ago

omagh

"My other half was made redundant last week from oil and gas company in the north sea. With a mortgage and everything else it's going to be quite a tight few months on just my income. First time since he was 18 (now 34) that he's not had a job.

Just hope he manages to find something soon. Thoughts are with all the others in a similar situation. "

Wish you guys all the best, hubby gets sorted with a job real soon

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By *ensualtouch15Man
over a year ago

ashby de la zouch

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you..

Just out of interest...

How much do you think we've spent on the junk bond market propping up the fracking industry???.

I'll give you a clue...

You can have a good war with how much it cost!

A fair amount. The $1.7tn was for the US war effort and excludes an estimated $490bn set aside for compensation and the UK costs.

Could buy a few banks with that .

The Saudis aren't trying to keep market share, they've got a market for every barrel of oil they produce... It's bollocks.

Read what the Saudis are saying between the headlines!.

There sick to death of the us printing bullshit bonds to produce oil, while the Saudis have to use real money!.

The Saudis are intent on killing the junk bond market not some make belive market share!.

The barrel of oil dropping below 20$ will kill that market because nearly every producer except the middle East will go tits up and with it comes a whole lotta shit."

It is my opinion without directly understanding the junk bond market , that you are absolutely right

Oil is finite and in demand, exactly why it has dropped so low to my mind is the result of very severe market manipulation exactly from whom I'm not so sure xx

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By (user no longer on site)
over a year ago

Personally I don't think a pound a litre is bad at all when you consider you can pay more for a quality litre of water.. and a lot more work goes into producing fuel...

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By *izzabelle and well hungCouple
over a year ago

Edinburgh.

"With Salmond getting £1,800 for one episode of HIGNFY, I doubt he'll care."

I'd pay him more

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By (user no longer on site)
over a year ago

Also this time last year the gas peeps were saying the prices that had dropped would be hitting the consumers bills in a year...haven't seen that happen yet.

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By (user no longer on site)
over a year ago

"With Salmond getting £1,800 for one episode of HIGNFY, I doubt he'll care.

I'd pay him more"

(not going to fib, took me until just now to figure out the acronym)

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By (user no longer on site)
over a year ago

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

It's crazy, you spend $1.7trillion on a war with Iraq to support a fall in the price of oil to under $100 and then the shale gas revolution and world economic slow down just does it for you..

Just out of interest...

How much do you think we've spent on the junk bond market propping up the fracking industry???.

I'll give you a clue...

You can have a good war with how much it cost!

A fair amount. The $1.7tn was for the US war effort and excludes an estimated $490bn set aside for compensation and the UK costs.

Could buy a few banks with that .

The Saudis aren't trying to keep market share, they've got a market for every barrel of oil they produce... It's bollocks.

Read what the Saudis are saying between the headlines!.

There sick to death of the us printing bullshit bonds to produce oil, while the Saudis have to use real money!.

The Saudis are intent on killing the junk bond market not some make belive market share!.

The barrel of oil dropping below 20$ will kill that market because nearly every producer except the middle East will go tits up and with it comes a whole lotta shit.

It is my opinion without directly understanding the junk bond market , that you are absolutely right

Oil is finite and in demand, exactly why it has dropped so low to my mind is the result of very severe market manipulation exactly from whom I'm not so sure xx"
.

The junk bond market has basically exploded with QE money, that money is in reality stuff and nonsense money... Printed out, backed by nothing bullshit,a great deal of that bullshit has gone into paying for fracking, every fracking company is in the hole for hundreds of millions, they issue junk bonds at 10/15 and 20% returns, which are bought by high risk speculators who've borrowed money at 0% from we the people, who then in turn have to have austerity because we can't make ends meet...

Meanwhile out in the real world the Saudis, who spend billions of real dollars on capex producing, finding and refining their oil have started to think..

What the fuck are we doing!!.

There just printing money to get their oil, while we have to spend real money getting ours...

Mmmm what if we reduce oil to below a figure that frackers can pay there bonds back at!!.

1 no more frackers

2 no more junk bonds

The Saudis are just plane old terrorists of the old fashioned sort.

The financial markets are like the new terrorists... There holding everyone to ransom... Pay up or your job gets it!

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By (user no longer on site)
over a year ago

"Excellent! One step closer to running a V10 engined car!

Porsche Carrera GT by any chance

No something way more affordable, either BMW M5 or Audi S8

Bloody typical sold my V10 M5 9 months ago. Maintenance on any V10 car will soon eat any savings on petrol trust me lol.

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By *ophieslutTV/TS
over a year ago

Central

I'd like stiff penalties for the privatized energy companies who are overcharging so many millions of us. But as it was a Conservative government that privatized them I think we'll wait an awfully long time before anything substantial happens.

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By (user no longer on site)
over a year ago

Everyone knows you can't taper a pyramid scheme!.

Say hello wave goodbye

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By (user no longer on site)
over a year ago

The world's biggest company??

Well you've no doubt heard of Microsoft or apple, but this one is waaay bigger and the rumours are... It may be up for sale?.

Now i know what you thinking but No it's not Manchester utd!

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By (user no longer on site)
over a year ago

OIL PRICES are going up

World Production is going down (cutbacks)

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"OIL PRICES are going up

World Production is going down (cutbacks)"

Yes fair comment. However most of it is just an adjustment for the slowdown in Chinese demand, so overall prices wont alter that much.

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By (user no longer on site)
over a year ago

"OIL PRICES are going up

World Production is going down (cutbacks)

Yes fair comment. However most of it is just an adjustment for the slowdown in Chinese demand, so overall prices wont alter that much."

Since Opec made its decision today, Brent crude has risen 6%

Disagreements between Iran and its regional rival Saudi Arabia had thwarted earlier attempts to reach a deal, but Iran is still increasing production flow

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By *erbyDalesCplCouple
over a year ago

Derbyshire

"OIL PRICES are going up

World Production is going down (cutbacks)

Yes fair comment. However most of it is just an adjustment for the slowdown in Chinese demand, so overall prices wont alter that much.

Since Opec made its decision today, Brent crude has risen 6%

Disagreements between Iran and its regional rival Saudi Arabia had thwarted earlier attempts to reach a deal, but Iran is still increasing production flow

6%?

They would have to have risen almost 200% to get back to the highs relied upon by the Nats....

The more they rise, the more American Shale Gas will come on-line. (I see Grangemouth had taken its first delivery of Shale gas

)

Mr ddc

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By (user no longer on site)
over a year ago

Crude oil prices are going up so watch the pump price for petrol & diesel go up in the next couple of days. That really pisses me off because I believe the stuff at the pumps has already been paid for by the petrol suppliers, so it's another example of how the fat companies get even fatter by making a quick profit at the expense of the consumer.

Rocket & Feather effect I believe it's called - up like a rocket and down like a feather..

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By *iamondjoeMan
over a year ago

Glastonbury

This is a bit random

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By *iamondjoeMan
over a year ago

Glastonbury

"OIL PRICES are going up

World Production is going down (cutbacks)

Yes fair comment. However most of it is just an adjustment for the slowdown in Chinese demand, so overall prices wont alter that much.

Since Opec made its decision today, Brent crude has risen 6%

Disagreements between Iran and its regional rival Saudi Arabia had thwarted earlier attempts to reach a deal, but Iran is still increasing production flow

6%?

They would have to have risen almost 200% to get back to the highs relied upon by the Nats....

The more they rise, the more American Shale Gas will come on-line. (I see Grangemouth had taken its first delivery of Shale gas

)

Mr ddc"

But yes, oil prices have a *loooooong* way to go before a Scottish g'ment could feasibly pay for itself

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By (user no longer on site)
over a year ago

[Removed by poster at 29/09/16 21:27:39]

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By (user no longer on site)
over a year ago

I'm not really bothered about the price at the Pump.

It's not like I'm ever gonna say "no fuck it I'm not paying that" and leave my car sat there empty.

The way I look at it, it's something I literally CANNOT live without, so even if it was £2 quid/ltr I'd still pay, not because I want to, but because I HAVE to.

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By *inkyChrissy99TV/TS
over a year ago

Bristol

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers. "

Great news for me as a driver then x

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By (user no longer on site)
over a year ago

Prices round here have stayed the same for years - £30 a week

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By (user no longer on site)
over a year ago

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers. "

As probably 70% of the price is tax, I doubt it will drop that far.

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By (user no longer on site)
over a year ago

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

As probably 70% of the price is tax, I doubt it will drop that far. "

I thought the point was that it was now going up...

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By (user no longer on site)
over a year ago

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

As probably 70% of the price is tax, I doubt it will drop that far.

I thought the point was that it was now going up..."

The OP is saying because Iranian oil is back on the market, more oil, lower prices per barrell. Which is true, but I just don't think it will benefit car drivers too much.

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By *erbyDalesCplCouple
over a year ago

Derbyshire

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

As probably 70% of the price is tax, I doubt it will drop that far.

I thought the point was that it was now going up..."

That's the trouble with bumping old threads, some people are too easily confused

(you'd never catch me bumping old threads...

)

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By (user no longer on site)
over a year ago

"Expect them to drop again as Iranian oil enters the supply chain.

Bad news for those in the oil industry. Good news for car drivers.

As probably 70% of the price is tax, I doubt it will drop that far.

I thought the point was that it was now going up...

That's the trouble with bumping old threads, some people are too easily confused

(you'd never catch me bumping old threads...

Whoops lol

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By *rincessvenusCouple
over a year ago

Hull

it will take ages to reach the pumpprices going downas for oil workers they did not moan when getting hundres of pounds a day wages

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By (user no longer on site)
over a year ago

"it will take ages to reach the pumpprices going downas for oil workers they did not moan when getting hundres of pounds a day wages "

After it has gone up?...

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