Petrol Price crisis...... - Page 9

STINKY NINJA · 14-01-2015, 05:04 PM

Im loving these cheap fuel prices,costing me about 1.30 for 98,LOVE IT!
1.10 for regular in perth.

BlackZH · 15-01-2015, 09:44 AM

While I'm enjoying the cheap petrol I do have concerns for the impact the low prices of oil may yet have. But not much I can do. 91 is like $1.02 here its nice watching the litres keel up with $ on the bowser

steve.zissou · 15-01-2015, 02:33 PM

but remember that the big cost with shale oil is the set up. Once its online they wont turn it off no matter how much the price drops. This is why the US oil output hit its highest rate ever recently even with prices through the floor.

There are a stack of reasons why oil price is going through the floor but the big question is when it will stop and how long it will stay there and no one can predict that. But i will say that demand is down and supply is up. The fact that demand is down is an indicator all is not economically sound in the world (some may question the accuracy of certain govt statistics we are seeing from around the world - the markets tend to be a bit more honest)

my concern is E85. As oil drops and food prices increase i fear i might have to go back to 98 (nooooooooooo). United are being jerks selling it for $1.00 when unleaded is only 109. At least caltex eflex is 90c and i get a little more out of a tank for that also (seeing its e75 atm)

Syndrome · 29-01-2015, 09:26 AM

Down to under $45 per barrel.

new2ford · 31-01-2015, 09:04 AM

This is encouraging (not):

http://www.smh.com.au/national/car-r...30-132bv3.html

Quote:

Car owners could be forced to pay more for vehicle registration as a direct result of Australia's rapidly vanishing capacity to refine crude oil.

The warning, made in a state government submission to a Senate inquiry into the nation's fuel security, is that the dwindling output from local refineries will mean that bitumen for road making, a by-product of oil refining, will have to be 100 per cent imported.

That will increase the cost of building roads but likely be recouped through higher rego costs, according to the Queensland government's submission to the Rural and Regional Affairs and Transport Committee.

The committee established the inquiry, Australia's transport energy resilience and sustainability, after complaints from several bodies, including the NRMA and the Australian Automobile Association, that the country was vulnerable to fuel supply shocks.

Australia now imports 91 per cent of its petrol and diesel – up from 60 per cent in 2000. The Bureau of Resources and Energy Economics calculates that Australia has just 12 days of diesel stock.

With the closure of Caltex's Kurnell refinery and Shell's Clyde refinery in Sydney, there is no oil refining any more in NSW.

Shell's Geelong refinery, now owned by Viva Energy, still supplies 871 petrol stations in Victoria but there are doubts about long term refining. Two refineries are due to close in Queensland, including BP's facility in Brisbane.

Just one huge oil refinery in Singapore supplies half of Australia's unleaded petrol and Fairfax Media revealed in November that al-Qaeda had urged jihadists to attack oil tankers that use the shipping supply routes that transport 70 per cent of the nation's petrol.

In their submissions to the inquiry, the Australian petrol companies said there is little threat to the fuel supply and rebuilding refining capacity to a point where the country was insulated from a significant supply shock would cost $6.8 billion.

Money, they say, that would have to come directly from government, or from consumers in higher petrol prices.

Caltex said: "Australia does not have a fuel security problem. Increasing stocks to 90 days of net imports would make very little difference to fuel security.

"The solution to extreme scenarios is having adequate flows of oil, not stocks.

"There is a high cost (an estimated $6.8 billion) to invest in strategic reserve stocks of fuel to protect against the long run risk of sudden severe disruption to global trade. This cost would need to be met by either increased fuel prices or the diversion of public funds."

In its submission, the NRMA said countries like the United Kingdom and Japan were actively shoring up fuel security but Australia was going in the opposite direction.

"The UK is having a conversation about how to maintain security when the market can no longer deliver. The Australian Government has not yet initiated this conversation with the Australian public," it said.

"We suggest that declining domestic refining capacity is not a 'longer term' issue, but an issue requiring immediate response. By mid next year, Australia will have lost 50 per cent of our refining capacity since 2003 … and all in the absence of any strategic assessment of the importance of a refining capacity to Australia."

lisaishername · 31-01-2015, 05:40 PM

Australia is already the most expensive place in the world to live because we have to import everything else, even our income. What would the Aust economy be if it wasn't for the Tourism industry? It would be nothing.

Peak oil is not a myth infact it is a weapon of war. Check out the history of the 1973 oil crisis. http://en.wikipedia.org/wiki/1973_oil_crisis

In 1973, the Shah of Iran told the New York Times, "Of course [the world price of oil] is going to rise....Certainly! And how...; You [Western nations] increased the price of wheat you sell us by 300%, and the same for sugar and cement...; You buy our crude oil and sell it back to us, refined as petrochemicals, at a hundred times the price you've paid to us...; It's only fair that, from now on, you should pay more for oil. Let's say ten times more."

More proof that buying Gold and preparing for the worst is the best thing I can be doing right now.

We are at war gentlemen. Don't forget that all another country needs to do to wipe us out is increase the price of something until we are buying everyday items with debt. Oh wait. That already happened.

I see a future where Australia's population is living like Africans on food rations. We are at the mercy of a Global economy and if the US or China go to war (with nukes) we are finished as who knows what kind of insane economic conditions our economy could stay afloat in. As it is right now we are barely staying afloat on the back of a global economy that is doing GOOD. Nevermind one that has collapsed entirely.

Btw the safest method of storing petrol is in individual Jerry cans. If you get a puncture in one you only lose 20 litres instead of 50-150 litres and they are easy to move around in the event of having to de-*** the area. Don't bother with ex-army jerry cans as they have seen too much use. Only buy the brand new ones, which are pretty expensive but worth every penny.

**GasoLane** · 31-01-2015, 06:54 PM

Quote:

Originally Posted by lisaishername

Peak oil is not a myth infact it is a weapon of war. ....................

snip

...............
We are at war gentlemen. Don't forget that all another country needs to do to wipe us out is increase the price of something until we are buying everyday items with debt. ..............

snip

...........I see a future where Australia's population is living like Africans on food rations. We are at the mercy of a Global economy and if the US or China go to war (with nukes) we are finished as who knows what kind of insane economic conditions our economy could stay afloat in

You signed up to the wrong forum!

With your outlook on life in general you wanted this one..............

http://www.survivalistboards.com/

Romulus · 31-01-2015, 07:42 PM

Quote:

Originally Posted by GasOLane

You signed up to the wrong forum!

With your outlook on life in general you wanted this one..............

http://www.survivalistboards.com/

And you'll need one of these too

lisaishername · 31-01-2015, 08:51 PM

Quote:

Originally Posted by GasOLane

You signed up to the wrong forum!

With your outlook on life in general you wanted this one..............

http://www.survivalistboards.com/

Actually that would just make me a target.

And so would owning a gun. I don't own a gun and never will. I'm anti-guns.

I'll lay off the scary talk but the reason why I'm talking about it at all on here is so I don't have to feed any of you guys when it all goes belly-up.

new2ford · 01-02-2015, 10:35 AM

Quote:

Originally Posted by lisaishername

I'll lay off the scary talk

You don't scare any of us - we're car enthusiasts, we live for today!

Knowing there's only 12 days of diesel supply left or the thought of that big fat tanker going to the bottom of the Indian Ocean on the way from Singapore only give us an adrenaline rush to add to the excitement of the 0-100 standing start.

We trust our politicians to rule us wisely, why should we worry?

And if the worst comes to the worst there's the BMW i3

Stefan · 22-02-2015, 08:30 AM

Quote:

Originally Posted by lisaishername

Australia is already the most expensive place in the world to live because we have to import everything else, even our income. What would the Aust economy be if it wasn't for the Tourism industry? It would be nothing.

Peak oil is not a myth infact it is a weapon of war. Check out the history of the 1973 oil crisis. http://en.wikipedia.org/wiki/1973_oil_crisis

In 1973, the Shah of Iran told the New York Times, "Of course [the world price of oil] is going to rise....Certainly! And how...; You [Western nations] increased the price of wheat you sell us by 300%, and the same for sugar and cement...; You buy our crude oil and sell it back to us, refined as petrochemicals, at a hundred times the price you've paid to us...; It's only fair that, from now on, you should pay more for oil. Let's say ten times more."

More proof that buying Gold and preparing for the worst is the best thing I can be doing right now.

We are at war gentlemen. Don't forget that all another country needs to do to wipe us out is increase the price of something until we are buying everyday items with debt. Oh wait. That already happened.

I see a future where Australia's population is living like Africans on food rations. We are at the mercy of a Global economy and if the US or China go to war (with nukes) we are finished as who knows what kind of insane economic conditions our economy could stay afloat in. As it is right now we are barely staying afloat on the back of a global economy that is doing GOOD. Nevermind one that has collapsed entirely.

Btw the safest method of storing petrol is in individual Jerry cans. If you get a puncture in one you only lose 20 litres instead of 50-150 litres and they are easy to move around in the event of having to de-*** the area. Don't bother with ex-army jerry cans as they have seen too much use. Only buy the brand new ones, which are pretty expensive but worth every penny.

End of the world?

I bought a coupe a while back so I'm set...

baboon · 31-01-2015, 05:55 PM

So what will you be doing lisaishername and do you have a time frame until things get well again? 10years/100years/1000years/10000years?

lisaishername · 31-01-2015, 06:07 PM

Quote:

Originally Posted by baboon

So what will you be doing lisaishername and do you have a time frame until things get well again? 10years/100years/1000years/10000years?

Feeding my family (1 brother, 1 sister, 1 niece, 1 mum n 1 dad.) Farming. Defending whatever I have.

A timeframe for things getting better is difficult to judge and I'm not a cult leader throwing out dates to die by. However if I were to guess it would be about 15-30 years before Australia came back to its current glory. If we get a decent leader it will be shorter. But you can forget about welfare or free dental or government housing. It would be tent cities and peer to peer wifi and solar powered laptops and IF people are smart enough they will stop anyone who tries to put them behind gated fences "for their own good" as governments have proven themselves time and time again that they don't care who you are all you look like to them is free labour.

On the bright side we might see a lot of rich people build their mansions here. and we are seeing that now. They could end up using their power and influence to make this country great once more.

If you want fuel then I suggest that you modify your vehicle to run high purity Ethanol as you can make that from potatoes, corn, don't expect to get much though.

GASWAGON · 31-01-2015, 08:58 PM

Quote:

Originally Posted by lisaishername

Feeding my family (1 brother, 1 sister, 1 niece, 1 mum n 1 dad.) Farming. Defending whatever I have.

A timeframe for things getting better is difficult to judge and I'm not a cult leader throwing out dates to die by. However if I were to guess it would be about 15-30 years before Australia came back to its current glory. If we get a decent leader it will be shorter. But you can forget about welfare or free dental or government housing. It would be tent cities and peer to peer wifi and solar powered laptops and IF people are smart enough they will stop anyone who tries to put them behind gated fences "for their own good" as governments have proven themselves time and time again that they don't care who you are all you look like to them is free labour.

On the bright side we might see a lot of rich people build their mansions here. and we are seeing that now. They could end up using their power and influence to make this country great once more.

If you want fuel then I suggest that you modify your vehicle to run high purity Ethanol as you can make that from potatoes, corn, don't expect to get much though.

Lisaishername I just read an interesting article that opposes what most survivalists believe in on a precious metals site and it totally contradicts all that you say.....This article reckons the USD is going to end up being the only currency to invest in and the U.S.A will end up being the only surviving country/currency out of the all of the rest of them in the next global meltdown.

Dont put all your eggs in one basket!

lisaishername · 31-01-2015, 09:16 PM

Quote:

Originally Posted by XR6WGN-LPG

Lisaishername I just read an article on a precious metals site that totally contradicts all that you say.....They reckon the USD is going to end up being the only currency to invest in and the U.S.A will end up being the only surviving country/currency out of the all of the rest of them.

Dont put all your eggs in one basket!

God I hope so. I love the USA.

Feel free to pay me in USD for my gold at some point in the future if you wish when I'm ready to sell.

Take a look at how much Gold China and Russia is buying btw.

I consider land, food and tools to be as good as gold. So I'm not putting it all in one basket by my standards.

You can dig as little or as deep as you want to on this topic but suffice it to say that I wouldn't want to base a civilization that I would govern (lets just say) on one single resource (like oil).

This is a nice 4 part series on the petrodollar:
http://ftmdaily.com/preparing-for-th...dollar-system/

I would like to see Australia go the way of Brazil in using more land for Ethanol. That will give us leaverage on the global oil market and doomsday wouldn't be much of an issue for us. We sure have the space for it.

https://www.youtube.com/watch?v=I5jmOwBf_qQ
https://www.youtube.com/watch?v=Q2aQwcdILdE
http://www.bloomberg.com/news/articl...out-buys-world
http://www.zerohedge.com/news/2015-0...-imf-gold-data

lisaishername · 31-01-2015, 10:03 PM

This is the training-wheels version of whats going on:
https://www.youtube.com/watch?v=tGk5ioEXlIM

Quote:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

- Thomas Jefferson

Please note that this quote is in question/dispute (completely fake):
http://www.barrypopik.com/index.php/..._issue_of_the/

But then you look into JFK and what he said about the Federal Reserve. Look into Executive order 11110
https://en.wikipedia.org/wiki/Executive_Order_11110
And then he was wasted. Spooky no doubt.

Basically 11110 is transferring power from the President to the Secretary of the Treasury (Not the fed) to print Silver-backed bank notes. The official word is that this was meant to be a temporary transition so that he could give more power to the federal reserve. However take a look at his speech:
https://www.youtube.com/watch?v=qvSD6If3zds

Which talks about secret societies and "preserving tradition". The tradition of the US was to back their dollars against gold or silver.

"ON subversion instead of elections" - talking about the current political climate which you need to be bought and paid for just to get into power.

new2ford · 31-01-2015, 06:49 PM

Excuse me while I go and look for my Prozac

XBROO · 01-02-2015, 07:33 AM

Wow didn't know comparing fuel prices could lead us to talking about D-day. But I suppose it's the AFF where every thread stays on topic.

I wonder how long the price of fuel will be down for? It's good at the moment, but like I said to the missus it was less then a decade ago we were complain about hitting a dollar a litre.

Opps sorry just realize there was 2 threads about petrol. One prices the other crisis.

**Fordman1** · 01-02-2015, 10:58 AM

Are the "fruit loops" coming out ?

Whitey-AMG · 01-02-2015, 11:19 AM

Bit off topic considering the last round of replies.....lol
But does anyone use this app/website for fuel price comparisons ?
https://motormouth.com.au/pricesearc...gion=Melbourne

Trump · 03-02-2015, 08:03 AM

Yesterdays tinfoil and fruit looping is todays reality...

As much as I am enjoying the lower fuel prices, shale oil isn't able to survive at $45 a barrel. And the Saudis don't care, they will be grinning all the way to the bank when the shale producers begin folding and removing the supply that created the current conditions

dead_man00124 · 06-02-2015, 08:38 AM

Umm. What happened. Jumped 20c litre overnight

GASWAGON · 06-02-2015, 06:54 PM

Quote:

Originally Posted by dead_man00124

Umm. What happened. Jumped 20c litre overnight

Its the increase in CPI I think (taxes).....I heard on the news last week that petrol was set to rise 18 cpl and alcohol and cigarretes also.

uniacidz · 06-02-2015, 09:15 AM

Quote:

Originally Posted by dead_man00124

Umm. What happened. Jumped 20c litre overnight

Saw that

Some places haven't risen prices, others only 10cents higher, some others 20cents a litre higher.

I asked the attendant
Stated is a quiet period this time of year and risen prices to meet profit targets or something

Sent via HTC Velocity + [HolicsROM v1.3] [SWEEP2WAKE]

Trump · 06-02-2015, 10:42 PM

Just filled up on 95 at BP for $1.10/L.

MITCHAY · 06-02-2015, 10:49 PM

Last 2 or 3 tanks of BP 98 have been around $1.30/lt. That is down from between $1.60-1.70/lt so I still think that's a win.

dead_man00124 · 06-02-2015, 11:17 PM

Quote:

Originally Posted by XR6WGN-LPG

Its the increase in CPI I think (taxes).....I heard on the news last week that petrol was set to rise 18 cpl and alcohol and cigarretes also.

Excise was meant to b around 18c a tank. Not per litre

GASWAGON · 07-02-2015, 02:55 PM

Barrel price of oil has started to rise again.

http://www.theage.com.au/victoria/pe...06-13808j.html

joolz · 08-02-2015, 07:41 PM

Quote:

Originally Posted by CoolBFWagon

Barrel price of oil has started to rise again.

http://www.theage.com.au/victoria/pe...06-13808j.html

And have fallen since...

http://www.aip.com.au/pricing/marketwatch.htm

GASWAGON · 09-02-2015, 10:49 PM

Quote:

Originally Posted by joolz

And have fallen since...

http://www.aip.com.au/pricing/marketwatch.htm

Yes ULP spiked to $1.25 p/l but has since fallen back to around $1.20....Lets hope it stays this way for a while yet.

I just bought a BF wagon on petrol.....Gotta save up 5k to get liquid injected LPG fitted asap!