Petrol Profiteering..

[fillyboy]

BP weighs potential exit from UK North Sea, Bloomberg News reports

BP is weighing a sale of some or all of its UK North Sea operations as part of a broader effort to cut debt and refocus on higher-return oil and gas projects, Bloomberg News reported on Friday, citing people familiar with the ⁠matter.

www.reuters.com

 

[fillyboy]

I've noticed lower prices at the prices at the pumps in the past couple of days. Only slightly though.

We're paying 32p a litre less having switched from diesel to petrol.

 

[Ivor Windybottom]

We're paying 32p a litre less having switched from diesel to petrol.

We have two fairly decent diesels that do about 50mpg in the real world.

The high prices are definitely annoying, but probably put us about equal when compared to equivalent petrol cars. We've lost the advantage, but we're probably not yet at a disadvantage.

I'm talking about like-for-like comparisons - a big safe comfy car, not a shopping trolley with a tiny engine or a complicated hybrid that's going to cost more to buy and fix.

But hopefully things will return to more normal kind of price differences eventually, especially as people such as you have now shifted your demand from one fuel to the other.

 

[fillyboy]

We have two fairly decent diesels that do about 50mpg in the real world.

The high prices are definitely annoying, but probably put us about equal when compared to equivalent petrol cars. We've lost the advantage, but we're probably not yet at a disadvantage.

I'm talking about like-for-like comparisons - a big safe comfy car, not a shopping trolley with a tiny engine or a complicated hybrid that's going to cost more to buy and fix.

But hopefully things will return to more normal kind of price differences eventually, especially as people such as you have now shifted your demand from one fuel to the other.

With countries leaving and looking to looking to leave Opec. expect a price war once the current unpleasantness is over, fuel will be cheaper than before the conflict.

 

[Ivor Windybottom]

Impossible to say. It looks to me like Trump and his Zionist friends have achieved precisely nothing positive for anyone, even for Israel, and have created the new problem of Iran now blocking shipping of oil. So it's hard to see how the price could end up back where it was, never mind lower.

 

[Brigadier]

A new Wall Street nickname for the orange blob: NACHO

Not a chance of Hormuz opening

 

[Ivor Windybottom]

Actually it's very good for anyone who produces and sells oil. Which includes the USA and Russia among lots of others.

Perhaps this is why we'll never have world peace. As soon as the world functions too well, it's in someone's interests to stir things up a bit.