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date: Tue, 10 Jun 2008 22:38:04 -0700 (PDT),    group: uk.transport        back       
An ominous warning that the rapid rise in oil prices has only just begun   
This should reduce their hypermobility a bit. Note the reference to
'the world's faltering supply', for those here who continue to insist
there is an abundance of oil.

"The chief executive of the world's largest energy company has issued
the most dire warning yet about the soaring the price of oil,
predicting that it will hit $250 per barrel "in the foreseeable
future".

The forecast from Alexey Miller, the head of the Kremlin-owned gas
giant Gazprom, would herald the arrival of £2-per-litre petrol and
send shockwaves through the economy. His comments were the most stark
to be expressed by an industry executive and come just days after the
oil price registered its largest-ever single-day spike, hitting
$139.12 per barrel last week amid fears that the world's faltering
supply will be unable to keep up with demand..."

More:

http://www.independent.co.uk/news/uk/home-news/an-ominous-warning-that-the-rapid-rise-in-oil-prices-has-only-just-begun-844217.html

--
World Carfree Network
http://www.worldcarfree.net/
Help for your car-addicted friends in the U.K.
date: Tue, 10 Jun 2008 22:38:04 -0700 (PDT)   author:   Doug

Re: An ominous warning that the rapid rise in oil prices has only just begun   
> "Doug"  wrote in message 
> news:934152a2-3231-4fe5-ae10-bb5e4bc3794e@x35g2000hsb.googlegroups.com...
> This should reduce their hypermobility a bit. Note the reference to
> 'the world's faltering supply', for those here who continue to insist
> there is an abundance of oil.

> "The chief executive of the world's largest energy company has issued
> the most dire warning yet about the soaring the price of oil,
> predicting that it will hit $250 per barrel "in the foreseeable
> future".


You are an arse, aren't you? Can't you tell self-promotion and bigging it up 
when you see it? He only has self-interest in mind saying this, and is 
hardly an independent source.
date: Wed, 11 Jun 2008 06:53:47 +0100   author:   Graculus

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Doug"  wrote in message 
news:934152a2-3231-4fe5-ae10-bb5e4bc3794e@x35g2000hsb.googlegroups.com...
> This should reduce their hypermobility a bit. Note the reference to
> 'the world's faltering supply', for those here who continue to insist
> there is an abundance of oil.

Newspaper reporters are no better at understanding source documents than you 
are.

> "The chief executive of the world's largest energy company has issued
> the most dire warning yet about the soaring the price of oil,
> predicting that it will hit $250 per barrel "in the foreseeable
> future".

Translation: The head of a major earner for a country with a depressed 
economy says we want to put our prices up a lot.

Colin Bignell
date: Wed, 11 Jun 2008 08:50:13 +0100   author:   nightjar cpb@insert my surname here.me.uk

Re: An ominous warning that the rapid rise in oil prices has only just begun   
On 11 Jun, 06:38, Doug  wrote:
> This should reduce their hypermobility a bit. Note the reference to
> 'the world's faltering supply', for those here who continue to insist
> there is an abundance of oil.
>
> "The chief executive of the world's largest energy company has issued
> the most dire warning yet about the soaring the price of oil,
> predicting that it will hit $250 per barrel "in the foreseeable
> future".

Gosh, thanks for that, Gollum.  Tomorrow, exclusively from Doug - the
head of Ford predicts that they will sell more motor vehicles "in the
foreseeable future".  And the Pope predicts that he will still be
Catholic "in the foreseeable future".

I don't know what we'd do without Doug "the oracle" Bollen.
date: Wed, 11 Jun 2008 01:24:27 -0700 (PDT)   author:   BrianW

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"nightjar .me.uk>" <cpb@<insert my surname here> wrote in message 
news:2LKdnb6_SY4zHtLVnZ2dneKdnZydnZ2d@giganews.com...
> Translation: The head of a major earner for a country with a depressed 
> economy says we want to put our prices up a lot.
>
and If we don't buy it as its too expensive they'll reduce the price  - If 
we still buy it then it was probably undervalued in the first place!

mind you demand for fuel is down 20% - strictly opposite to what all the 
"experts" here have been forecasting

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/11/npetrol111.xml&DCMP=EMC-new_11062008

Its known as supply and demand
date: Wed, 11 Jun 2008 10:22:23 +0100   author:   Tommy

Re: An ominous warning that the rapid rise in oil prices has only just begun   
Graculus wrote:
>> "Doug"  wrote in message 
>> news:934152a2-3231-4fe5-ae10-bb5e4bc3794e@x35g2000hsb.googlegroups.com...
>> This should reduce their hypermobility a bit. Note the reference to
>> 'the world's faltering supply', for those here who continue to insist
>> there is an abundance of oil.
> 
>> "The chief executive of the world's largest energy company has issued
>> the most dire warning yet about the soaring the price of oil,
>> predicting that it will hit $250 per barrel "in the foreseeable
>> future".
> 
> 
> You are an arse, aren't you? Can't you tell self-promotion and bigging 
> it up when you see it? He only has self-interest in mind saying this, 
> and is hardly an independent source.

And as some oil producing nations have said, the price of oil would be 
much more stable if it were priced in Euros rather than Dollars. The 
Dollar is in trouble - and the speculators are leaving the housing 
market and buying up oil futures like theirs no tomorrow. This is a 
financial thing not a supply / customer based thing. Stop crowing Duhg.

-- 
John Wright

"What would happen if you eliminated the autism genes from the gene pool?

You would have a bunch of people standing around in a cave, chatting and
socialising and not getting anything done!" - Professor Temple Grandin
date: Wed, 11 Jun 2008 10:50:43 +0100   author:   John Wright

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Tommy"  wrote in message 
news:lPM3k.69341$Bz2.31990@newsfe28.ams2...
>
> "nightjar .me.uk>" <cpb@<insert my surname here> wrote in message 
> news:2LKdnb6_SY4zHtLVnZ2dneKdnZydnZ2d@giganews.com...
>> Translation: The head of a major earner for a country with a depressed 
>> economy says we want to put our prices up a lot.
>>
> and If we don't buy it as its too expensive they'll reduce the price  -

Clueless cunt
date: Wed, 11 Jun 2008 12:43:09 +0100   author:   Gizmo.

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Gizmo."  wrote in message 
news:fTO3k.110760$Zs3.81902@newsfe20.ams2...
>
> "Tommy"  wrote in message 
> news:lPM3k.69341$Bz2.31990@newsfe28.ams2...
>>
>> "nightjar .me.uk>" <cpb@<insert my surname here> wrote in message 
>> news:2LKdnb6_SY4zHtLVnZ2dneKdnZydnZ2d@giganews.com...
>>> Translation: The head of a major earner for a country with a depressed 
>>> economy says we want to put our prices up a lot.
>>>
>> and If we don't buy it as its too expensive they'll reduce the price

> mind you demand for fuel is down 20% - strictly opposite to what all the 
> "experts" especially GIZMO  here have been forecasting
>
> http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/11/npetrol111.xml&DCMP=EMC-new_11062008
>
> Its known as supply and demand
-
>
> Clueless cunt

Would you like to expand on that argument?

I knew your economics degree is useful and illuminating but saying that 
price and demand are not related .....well

I wonder could that be why we sell more astons anf ferrais that fiestas?

Oh hang on they don't do they Gizywizzy?

Hang on mate the dogs are having a better reasoned argument on the first 
world war poets - LOL
date: Wed, 11 Jun 2008 13:23:17 +0100   author:   Tommy

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"BrianW"  wrote in message 
news:cfee2a46-0dd0-4bc8-9b81-22ed18dfc813@b1g2000hsg.googlegroups.com...
- the
> head of Ford predicts that they will sell more motor vehicles "in the
> foreseeable future".

 FORD  US  are more likely to go into chapter 12
date: Wed, 11 Jun 2008 15:08:50 +0100   author:   Tommy

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Tommy"  wrote in message 
news:G%Q3k.144717$UP6.139072@newsfe14.ams2...
>
> "BrianW"  wrote in message 
> news:cfee2a46-0dd0-4bc8-9b81-22ed18dfc813@b1g2000hsg.googlegroups.com...
> - the
>> head of Ford predicts that they will sell more motor vehicles "in the
>> foreseeable future".
>
> FORD  US  are more likely to go into chapter 12

It's Chapter 11 you clueless cunt
date: Wed, 11 Jun 2008 15:22:13 +0100   author:   Gizmo.

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Tommy"  wrote in message 
news:YsP3k.174466$cZ3.103366@newsfe10.ams2...
>
> "Gizmo."  wrote in message 
> news:fTO3k.110760$Zs3.81902@newsfe20.ams2...
>>
>> "Tommy"  wrote in message 
>> news:lPM3k.69341$Bz2.31990@newsfe28.ams2...
>>>
>>> "nightjar .me.uk>" <cpb@<insert my surname here> wrote in message 
>>> news:2LKdnb6_SY4zHtLVnZ2dneKdnZydnZ2d@giganews.com...
>>>> Translation: The head of a major earner for a country with a depressed 
>>>> economy says we want to put our prices up a lot.
>>>>
>>> and If we don't buy it as its too expensive they'll reduce the price
>
>> mind you demand for fuel is down 20% - strictly opposite to what all the 
>> "experts" especially GIZMO  here have been forecasting
>>
>> http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/11/npetrol111.xml&DCMP=EMC-new_11062008
>>
>> Its known as supply and demand
> -
>>
>> Clueless cunt
>
> Would you like to expand on that argument?
>
> I knew your economics degree is useful and illuminating but saying that 
> price and demand are not related .....well

<snip>

As usual you postings are barely readable.

Go back and read John Writes' post 10:50am 10/06/08, paying particular 
attention to his mention of "futures market".
Then take a visit to Google.
date: Wed, 11 Jun 2008 15:26:24 +0100   author:   Gizmo.

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Tommy"  writes:

> "BrianW"  wrote in message 
> news:cfee2a46-0dd0-4bc8-9b81-22ed18dfc813@b1g2000hsg.googlegroups.com...
> - the
>> head of Ford predicts that they will sell more motor vehicles "in the
>> foreseeable future".
>
>  FORD  US  are more likely to go into chapter 12 

Is that like chapter 11 but one worse?

From wikipedia:

Chapter 12 refers to Chapter 12 of Title 11 of the United States Code,
a chapter of the Bankruptcy Code. This chapter of the Bankruptcy Code
is available only to family farmers and fishermen in certain
situations.

Tee hee!

Chris
-- 
Chris Eilbeck
date: Wed, 11 Jun 2008 16:16:56 +0100   author:   Chris Eilbeck

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Chris Eilbeck"  wrote in message 
news:m21w34atnb.fsf@hyperspace.org.uk...
> "Tommy"  writes:
>
>> "BrianW"  wrote in message
>> news:cfee2a46-0dd0-4bc8-9b81-22ed18dfc813@b1g2000hsg.googlegroups.com...
>> - the
>>> head of Ford predicts that they will sell more motor vehicles "in the
>>> foreseeable future".
>>
>>  FORD  US  are more likely to go into chapter 12
>
> Is that like chapter 11 but one worse?
>
> From wikipedia:
>
> Chapter 12 refers to Chapter 12 of Title 11 of the United States Code,
> a chapter of the Bankruptcy Code. This chapter of the Bankruptcy Code
> is available only to family farmers and fishermen in certain
> situations.
>
> Tee hee!

That'll be news to Ford   ;o)
date: Wed, 11 Jun 2008 16:22:11 +0100   author:   Gizmo.

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"John Wright"  wrote in message 
news:XrednSuCyaNpAtLVnZ2dnUVZ8uOdnZ2d@pipex.net...
...
> And as some oil producing nations have said, the price of oil would be 
> much more stable if it were priced in Euros rather than Dollars. The 
> Dollar is in trouble - and the speculators are leaving the housing market 
> and buying up oil futures like theirs no tomorrow. This is a financial 
> thing not a supply / customer based thing. Stop crowing Duhg.

All my dollar suppliers have now converted to pricing in euro, which means I 
will have to start putting prices up for the first time since late 2005.

Colin Bignell
date: Wed, 11 Jun 2008 18:06:44 +0100   author:   nightjar cpb@insert my surname here.me.uk

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Tommy"  wrote in message 
news:lPM3k.69341$Bz2.31990@newsfe28.ams2...
>
> "nightjar .me.uk>" <cpb@<insert my surname here> wrote in message 
> news:2LKdnb6_SY4zHtLVnZ2dneKdnZydnZ2d@giganews.com...
>> Translation: The head of a major earner for a country with a depressed 
>> economy says we want to put our prices up a lot.
>>
> and If we don't buy it as its too expensive they'll reduce the price  - If 
> we still buy it then it was probably undervalued in the first place!
>
> mind you demand for fuel is down 20% - strictly opposite to what all the 
> "experts" here have been forecasting

I was surprised at that. Neither I nor anyone I have spoken to could reduce 
their travel by that much and there are no realistic alternatives to the car 
where I live..

Colin Bignell
date: Wed, 11 Jun 2008 18:08:55 +0100   author:   nightjar cpb@insert my surname here.me.uk

Re: An ominous warning that the rapid rise in oil prices has only just begun   
> "Tommy"  wrote in message
> news:lPM3k.69341$Bz2.31990@newsfe28.ams2...
>>
>> "nightjar .me.uk>" <cpb@<insert my surname here> wrote in message
>> news:2LKdnb6_SY4zHtLVnZ2dneKdnZydnZ2d@giganews.com...
>>> Translation: The head of a major earner for a country with a
>>> depressed economy says we want to put our prices up a lot.
>>>
>> and If we don't buy it as its too expensive they'll reduce the price
>> - If we still buy it then it was probably undervalued in the first
>> place! mind you demand for fuel is down 20% - strictly opposite to what 
>> all
>> the "experts" here have been forecasting
>
> I was surprised at that. Neither I nor anyone I have spoken to could
> reduce their travel by that much and there are no realistic
> alternatives to the car where I live..
>
Yebbut, there's an awful lot of people who will use the car to go half a 
mile or so and back (i.e.nip to the local shop to get a a pint of milk, 
packet of fags etc) which uses a disproportionate anount of petrol compared 
to a long trip where the engine gets warm.

If such people are now walking then the decrease in fuel consumption and 
purchase thereof will be more marked than in a rural area or small town.
date: Wed, 11 Jun 2008 18:20:00 +0100   author:   Brimstone

Re: An ominous warning that the rapid rise in oil prices has only just begun   
In article , Brimstone says...

> If such people are now walking then the decrease in fuel consumption and 
> purchase thereof will be more marked than in a rural area or small town. 
> 
And there seems to be a huge increase in the 45MPH brigade.


-- 
Conor

I only please one person per day. Today is not your day. Tomorrow isn't 
looking good either. - Scott Adams
date: Wed, 11 Jun 2008 18:50:37 +0100   author:   Conor

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Brimstone"  wrote in message 
news:kaCdnYr55MuklM3VnZ2dnUVZ8tvinZ2d@bt.com...
>> "Tommy"  wrote in message
>> news:lPM3k.69341$Bz2.31990@newsfe28.ams2...
>>>
>>> "nightjar .me.uk>" <cpb@<insert my surname here> wrote in message
>>> news:2LKdnb6_SY4zHtLVnZ2dneKdnZydnZ2d@giganews.com...
>>>> Translation: The head of a major earner for a country with a
>>>> depressed economy says we want to put our prices up a lot.
>>>>
>>> and If we don't buy it as its too expensive they'll reduce the price
>>> - If we still buy it then it was probably undervalued in the first
>>> place! mind you demand for fuel is down 20% - strictly opposite to what 
>>> all
>>> the "experts" here have been forecasting
>>
>> I was surprised at that. Neither I nor anyone I have spoken to could
>> reduce their travel by that much and there are no realistic
>> alternatives to the car where I live..
>>
> Yebbut, there's an awful lot of people who will use the car to go half a 
> mile or so and back (i.e.nip to the local shop to get a a pint of milk, 
> packet of fags etc) which uses a disproportionate anount of petrol 
> compared to a long trip where the engine gets warm.
>
> If such people are now walking then the decrease in fuel consumption and 
> purchase thereof will be more marked than in a rural area or small town.

I take your point and it would be interesting to see what areas have seen 
the biggest drops. However, when I lived in London, it was nearly always 
more convenient to use public transport than to drive and that was in the 
days when you could park almost anywhere.

Colin Bignell
date: Thu, 12 Jun 2008 00:06:41 +0100   author:   nightjar cpb@insert my surname here.me.uk

Re: An ominous warning that the rapid rise in oil prices has only just begun   
"Conor"  wrote in message 
news:6bahjkF3bbd5lU2@mid.individual.net...
> In article , Brimstone says...
>
>> If such people are now walking then the decrease in fuel consumption and
>> purchase thereof will be more marked than in a rural area or small town.
>>
> And there seems to be a huge increase in the 45MPH brigade.

Not many around here get up to those speeds.

Colin Bignell
date: Thu, 12 Jun 2008 00:59:39 +0100   author:   nightjar cpb@insert my surname here.me.uk

Re: An ominous warning that the rapid rise in oil prices has only just begun   
nightjar <cpb@ wrote:
> "Conor"  wrote in message 
> news:6bahjkF3bbd5lU2@mid.individual.net...
>> In article , Brimstone says...
>>
>>> If such people are now walking then the decrease in fuel consumption and
>>> purchase thereof will be more marked than in a rural area or small town.
>>>
>> And there seems to be a huge increase in the 45MPH brigade.
> 
> Not many around here get up to those speeds.
> 
> Colin Bignell 
> 
> 
There are many round here who travel at that speed, regardless of 
whether the limit is 60, 50, 40 or even 30mph.

-- 
Moving things in still pictures!
date: Thu, 12 Jun 2008 08:47:01 +0100   author:   ®i©ardo

Re: An ominous warning that the rapid rise in oil prices has only just begun   
In message <Qv44k.36183$X6.25548@newsfe30.ams2>, ®i©ardo 
 writes
>nightjar <cpb@ wrote:
>> "Conor"  wrote in message 
>>news:6bahjkF3bbd5lU2@mid.individual.net...
>>> In article , Brimstone says...
>>>
>>>> If such people are now walking then the decrease in fuel consumption and
>>>> purchase thereof will be more marked than in a rural area or small town.
>>>>
>>> And there seems to be a huge increase in the 45MPH brigade.
>>  Not many around here get up to those speeds.
>>  Colin Bignell
>There are many round here who travel at that speed, regardless of 
>whether the limit is 60, 50, 40 or even 30mph.

The "40mph everywhere" brigade seem to have taken over my neck of the 
woods. :-(

-- 
Ed Banger
date: Thu, 12 Jun 2008 22:01:38 +0100   author:   Ed Banger

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