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More bad petrol news


marc_p

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no one, americans won't put up with it, they'll just step in and take someones oil off theyre hands eventually! Most likely the arabs (who they'll say have weapons of mass destruction or something to that effect lol)

 

Isn't fuel in America much cheaper still. My mate who lives in CA says it's $4.49/US Gallon which is £2.29 a US Gallon which is 60p a litre if my sums are right

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It's not 'the Arabs' that are being greedy. It's the city money men who are pushing the prices up with their 'wacky' speculation. These richs c***s are getting even richer by making sure that the ordinary people are being hit in the wallet.

 

They are getting rich off of us.

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It's not 'the Arabs' that are being greedy. It's the city money men who are pushing the prices up with their 'wacky' speculation. These richs c***s are getting even richer by making sure that the ordinary people are being hit in the wallet.

 

They are getting rich off of us.

 

They are getting rich off the mass populus' gullability and willingness to 'just pay it' IMHO

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It's not 'the Arabs' that are being greedy. It's the city money men who are pushing the prices up with their 'wacky' speculation. These richs c***s are getting even richer by making sure that the ordinary people are being hit in the wallet.

 

They are getting rich off of us.

 

:eow:

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It's not 'the Arabs' that are being greedy. It's the city money men who are pushing the prices up with their 'wacky' speculation. These richs c***s are getting even richer by making sure that the ordinary people are being hit in the wallet.

 

They are getting rich off of us.

 

Absolutely, obviously the government rake it in as a result but these tossbags are the ones that start the ball rolling, remember the one that forced oil up to $100 a barrel just so he could be the first person in history to trade at that price?

 

http://news.bbc.co.uk/1/hi/business/7169543.stm

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:blink:

 

The article was based on news from the main russian fuel supplier

 

Agreed, but the O&G market is governed by the Saudi Arabian Oil Consortiums (mutually supported by Kuwait). Russia is simply following KSA's lead which will inevitably screw things up for the rest of us. Iran will be quick to follow suit:rolleyes:

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This may interest you guys:rolleyes::

 

A very good pal of mine works directly for a Saudi Prince. He is approx 30th in line to the thrown but he owns 40 oil tankers; 30 of the oil tankers have a 1,000,000 Barrel capacity and the rest have a 2Mn capacity.

 

It takes 8-days to fill the lot!

 

He agrees a purchase price prior to loading and then keeps the oil onboard until the price has fluctuated (roughly 2-weeks max).

 

He then agrees a barrel price and sells them on.

 

Therefore: 50Mn barrels @ $10 increase per barrel makes him $500 Million profit for 7-10 days work.

 

:blink: Enough said!

 

 

EDIT: Got my sums wrong

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