perennial grouse re: oil companies

D

Derek

Guest

• Apr 8, 2006

• #1

I was surprised a little while ago to find that my former employers ( of
around 30 years ago) had closed the local petrol station. Not really a big
issue as we have a few stations around about so I am not going to struggle
however the knock on effect is they are all Shell supplied even the
independants and now all display exactly the same pump prices. Need I say
all have jumped to "Bush has done it again in the gulf" prices more
annoying is that Tesco normally a discounter have followed suite I was of
the opinion that price fixing was illegal or does that not count if you have
put a deposit on a Knighthood or Lordship in the next list ? Currently we
have hit 92.9 from 90.9 last month on unleaded anybody else spotted a
similar hike or is this isolated to Altrincham
Derek

 

H

Harpic

Guest

• Apr 8, 2006

• #2

"Derek" <[email protected]> wrote in message
news:[email protected]...
>I was surprised a little while ago to find that my former employers ( of
>around 30 years ago) had closed the local petrol station. Not really a big
>issue as we have a few stations around about so I am not going to struggle
>however the knock on effect is they are all Shell supplied even the
>independants and now all display exactly the same pump prices. Need I say
>all have jumped to "Bush has done it again in the gulf" prices more
>annoying is that Tesco normally a discounter have followed suite I was of
>the opinion that price fixing was illegal or does that not count if you
>have put a deposit on a Knighthood or Lordship in the next list ?
>Currently we have hit 92.9 from 90.9 last month on unleaded anybody else
>spotted a similar hike or is this isolated to Altrincham
> Derek
>
Sheffield Tesco Diesel
up from 93.9 to 95.9 this week

 

B

Bob Hobden

Guest

• Apr 8, 2006

• #3

"Derek" wrote
>I was surprised a little while ago to find that my former employers ( of
>around 30 years ago) had closed the local petrol station. Not really a big
>issue as we have a few stations around about so I am not going to struggle
>however the knock on effect is they are all Shell supplied even the
>independants and now all display exactly the same pump prices. Need I say
>all have jumped to "Bush has done it again in the gulf" prices more
>annoying is that Tesco normally a discounter have followed suite I was of
>the opinion that price fixing was illegal or does that not count if you
>have put a deposit on a Knighthood or Lordship in the next list ?
>Currently we have hit 92.9 from 90.9 last month on unleaded anybody else
>spotted a similar hike or is this isolated to Altrincham

Same price around here 92.9p. but then the price of crude oil is rising too
understand.
It's all these third world countries getting vehicles, China, India etc. and
it isn't going to go away unless there is a hike in output, and why should
the oil co's do that.

--
Regards
Bob
"Never get so busy making a living
that you forget to make a life"

 

A

Austin Shackles

Guest

• Apr 8, 2006

• #4

On or around Sat, 08 Apr 2006 13:30:07 GMT, "Derek"
<[email protected]> enlightened us thusly:

> Currently we
>have hit 92.9 from 90.9 last month on unleaded

Jammy cnut. it's been 94.9 or 95.9 for ages here.
--
Austin Shackles. www.ddol-las.net my opinions are just that
0123456789112345678921234567893123456789412345678951234567896123456789712345
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R

Richard Brookman

Guest

• Apr 8, 2006

• #5

This Derek anon leet fle a fart,
As greet as it had been a thonder-dent,
That with the strook he was almoost yblent.
and said....

> I was surprised a little while ago to find that my former employers (
> of around 30 years ago) had closed the local petrol station. Not
> really a big issue as we have a few stations around about so I am not
> going to struggle however the knock on effect is they are all Shell
> supplied even the independants and now all display exactly the same
> pump prices. Need I say all have jumped to "Bush has done it again
> in the gulf" prices more annoying is that Tesco normally a discounter
> have followed suite I was of the opinion that price fixing was
> illegal or does that not count if you have put a deposit on a
> Knighthood or Lordship in the next list ? Currently we have hit 92.9
> from 90.9 last month on unleaded anybody else spotted a similar hike
> or is this isolated to Altrincham Derek

All I can suggest is to use www.petrolprices.com - at least you would know
the cheapest in your area, and if it would be worthwhile to take a detour to
fill up there.

FWIW, diesel has just gone up to 94.9 to 96.9 for diesel and 92.9 to 93.9
for u/l round here.

Lordships are nothing to do with it. You need to donate at least a million
to the NeuArbeitPartei to be exempt from normal trading rules. Ask Bernie
Ecclestone.

--
Rich
==============================

I don't approve of signatures, so I don't have one.

 

V

Vince

Guest

• Apr 8, 2006

• #6

WHY attack the oil companies? If they GAVE away petrol it would still be
about 65p per litre because of the disgusting tax!!!

Before the Gulf war started in say 2002 the oil price was at it's lowest
ever - about $14 a barrel - now it is $65.

So if you want to attack anyone then the 3 Bs it must be - Bush - Blair -
Brown!!!
"Derek" <[email protected]> wrote in message
news:[email protected]...
> I was surprised a little while ago to find that my former employers ( of
> around 30 years ago) had closed the local petrol station. Not really a big
> issue as we have a few stations around about so I am not going to struggle
> however the knock on effect is they are all Shell supplied even the
> independants and now all display exactly the same pump prices. Need I
say
> all have jumped to "Bush has done it again in the gulf" prices more
> annoying is that Tesco normally a discounter have followed suite I was of
> the opinion that price fixing was illegal or does that not count if you
have
> put a deposit on a Knighthood or Lordship in the next list ? Currently we
> have hit 92.9 from 90.9 last month on unleaded anybody else spotted a
> similar hike or is this isolated to Altrincham
> Derek
>
>

 

K

Karen Gallagher

Guest

• Apr 8, 2006

• #7

Vince wrote:
> WHY attack the oil companies? If they GAVE away petrol it would still
> be about 65p per litre because of the disgusting tax!!!
>
> Before the Gulf war started in say 2002 the oil price was at it's
> lowest ever - about $14 a barrel - now it is $65.
>
> So if you want to attack anyone then the 3 Bs it must be - Bush -
> Blair - Brown!!!
> "Derek" <[email protected]> wrote in message
> news:[email protected]...
>> I was surprised a little while ago to find that my former employers
>> ( of around 30 years ago) had closed the local petrol station. Not
>> really a big issue as we have a few stations around about so I am
>> not going to struggle however the knock on effect is they are all
>> Shell supplied even the independants and now all display exactly the
>> same pump prices. Need I say all have jumped to "Bush has done it
>> again in the gulf" prices more annoying is that Tesco normally a
>> discounter have followed suite I was of the opinion that price
>> fixing was illegal or does that not count if you have put a deposit
>> on a Knighthood or Lordship in the next list ? Currently we have
>> hit 92.9 from 90.9 last month on unleaded anybody else spotted a
>> similar hike or is this isolated to Altrincham
>> Derek

Not forgetting our own, forgettable Little Johnny Howard, who's too small to
be considered part of the Triumverate that led us all to a causeless war.

Karen

--
"I'd far rather be happy than right any day."
- Slartibartfast

 

D

Derek

Guest

• Apr 9, 2006

• #8

> "Derek" <[email protected]> wrote in message
> news:[email protected]...
>> I was surprised a little while ago to find that my former employers ( of
>> around 30 years ago) had closed the local petrol station. Not really a
>> big
>> issue as we have a few stations around about so I am not going to
>> struggle
>> however the knock on effect is they are all Shell supplied even the
>> independants and now all display exactly the same pump prices. Need I
> say
>> all have jumped to "Bush has done it again in the gulf" prices more
>> annoying is that Tesco normally a discounter have followed suite I was
>> of
>> the opinion that price fixing was illegal or does that not count if you
> have
>> put a deposit on a Knighthood or Lordship in the next list ? Currently
>> we
>> have hit 92.9 from 90.9 last month on unleaded anybody else spotted a
>> similar hike or is this isolated to Altrincham
>> Derek
>>
>>
>

"Vince" <[email protected]> wrote in message
news:[email protected]...
> WHY attack the oil companies? If they GAVE away petrol it would still be
> about 65p per litre because of the disgusting tax!!!
>
> Before the Gulf war started in say 2002 the oil price was at it's lowest
> ever - about $14 a barrel - now it is $65.
>
> So if you want to attack anyone then the 3 Bs it must be - Bush - Blair -
> Brown!!!

Taxes are inevitable and the lifeblood of politics hiding and justifying
them is a fine art as Neu Arbieter Partie have proved with smoke and mirror
( and the Sun ) propaganda. However when Companies own the source extraction
distribution and retail of a product they can pretty well do as they please
in setting prices if they have cooperation from their rivals.The reason oil
is so expensive is because they say so and use ridiculous excuses to justify
increases oh theres been a war in such a place hurricaine and now the latest
joke is companies which have made obscene profits in the last year " haven't
bought enough equipment to increase production" so therefore they can charge
more
https://registration.ft.com/registr...s/s/ab26b936-c407-11da-bc52-0000779e2340.html
Derek

 

D

Dave Liquorice

Guest

• Apr 9, 2006

• #9

On Sat, 8 Apr 2006 14:37:23 +0100, Harpic wrote:

> Sheffield Tesco Diesel
> up from 93.9 to 95.9 this week

Carlisle Tesco:
20 Feb 91.9
28 Feb 91.9
8 Mar 91.9
27 Mar 93.9
6 Apr 95.9

--
Cheers [email protected]
Dave. pam is missing e-mail

 

R

Roger

Guest

• Apr 10, 2006

• #10

"Derek" <[email protected]> wrote in message
news:[email protected]...
> I was surprised a little while ago to find that my former employers ( of
> around 30 years ago) had closed the local petrol station. Not really a big
> issue as we have a few stations around about so I am not going to struggle
> however the knock on effect is they are all Shell supplied even the
> independants and now all display exactly the same pump prices. Need I
say
> all have jumped to "Bush has done it again in the gulf" prices more
> annoying is that Tesco normally a discounter have followed suite I was of
> the opinion that price fixing was illegal or does that not count if you
have
> put a deposit on a Knighthood or Lordship in the next list ? Currently we
> have hit 92.9 from 90.9 last month on unleaded anybody else spotted a
> similar hike or is this isolated to Altrincham
> Derek
>
>

Seeing as most of the major oil companies are public corporations -
probably all of them - look at Shell's return on investment. Current
share price is about UKP18 with a 15pence full year dividend. Not
exactly a brilliant return to investors. Which has me amazed at why
the share price has increased from just over UKP14 since Jan 2004.

So it would appear that Shell at least is not exactly making a squillion
dollars for its investors on its operating activities - oil, chemicals, etc.
But somehow its share value increases, which just goes to show how
fickle capitalism is.

Shell is very exposed to old refineries around the world and needs to
upgrade and or build new ones, if you were asked to ante up a few
billion you'd really have to think long and hard about lending to a
company that can only return less than 1% to its investors.

 

A

Austin Shackles

Guest

• Apr 10, 2006

• #11

On or around Mon, 10 Apr 2006 01:55:09 GMT, "Roger" <[email protected]>
enlightened us thusly:

>Seeing as most of the major oil companies are public corporations -
>probably all of them - look at Shell's return on investment. Current
>share price is about UKP18 with a 15pence full year dividend. Not
>exactly a brilliant return to investors. Which has me amazed at why
>the share price has increased from just over UKP14 since Jan 2004.

I reckon they are, it's just they have a squillion shares out there. The
oilcos regularly report billions of profit. However, I got to thinking
about that, and considered what the effect would be if all those billions
were applied instead to the petrol - the reduction in price would be
trivial, in fact, 'cos they sell billions of litres per year.
--
Austin Shackles. www.ddol-las.net my opinions are just that
"Any man's death diminishes me, because I am involved in Mankind; and
therefore never send to know for whom the bell tolls, it tolls for thee"
John Donne (1571? - 1631) Devotions, XVII

 

R

Roger

Guest

• Apr 10, 2006

• #12

"Austin Shackles" <[email protected]> wrote in message
news:[email protected]...
> On or around Mon, 10 Apr 2006 01:55:09 GMT, "Roger" <[email protected]>
> enlightened us thusly:
>
> >Seeing as most of the major oil companies are public corporations -
> >probably all of them - look at Shell's return on investment. Current
> >share price is about UKP18 with a 15pence full year dividend. Not
> >exactly a brilliant return to investors. Which has me amazed at why
> >the share price has increased from just over UKP14 since Jan 2004.
>
> I reckon they are, it's just they have a squillion shares out there. The
> oilcos regularly report billions of profit. However, I got to thinking
> about that, and considered what the effect would be if all those billions
> were applied instead to the petrol - the reduction in price would be
> trivial, in fact, 'cos they sell billions of litres per year.
> --

But every shareholder would dump their shares if they knew there was
no dividend return - less than 1% is hardly a return on investment
anyway. I guess if you owned the shares back in the 1950s when they
were 2 bob each then the investment is pretty good, buying now would
be foolhardy in the extreme.

 

V

Vince

Guest

• Apr 10, 2006

• #13

Taxes as high as ours are NOT inevitable - considering the oil companies
have to discover - extract - refine and distribute I don't think 30p per
litre is THAT bad - however I DO think 65p per litre for doing sod all IS a
rip off.

And remember the oil compaies also have to pay tax on the crude so there is
more than just 65p duty to pay - say another 10p per litre?

I would gladly pay BP 20p per litre!!!

Why do you think Britian has the dearest fuel in the World? It is NOT
because of the oil companies!!!



> Taxes are inevitable and the lifeblood of politics hiding and justifying
> them is a fine art as Neu Arbieter Partie have proved with smoke and
mirror
> ( and the Sun ) propaganda. However when Companies own the source
extraction
> distribution and retail of a product they can pretty well do as they
please
> in setting prices if they have cooperation from their rivals.The reason
oil
> is so expensive is because they say so and use ridiculous excuses to
justify
> increases oh theres been a war in such a place hurricaine and now the
latest
> joke is companies which have made obscene profits in the last year "
haven't
> bought enough equipment to increase production" so therefore they can
charge
> more
>
https://registration.ft.com/registration/barrier?referer=http://news.ft.com/
markets/commodities&location=http%3A//news.ft.com/cms/s/ab26b936-c407-11da-b
c52-0000779e2340.html
> Derek
>
>