Omg ---> Fuel Prices!!!!!!!!!!!!!!!!!!!!!!!!

[casstony]

I read an article this morning indicating that oil speculation via futures markets has effectively stockpiled a quantity of oil similar to the increase in demand from China over the last five years. I guess that adds a few dollars to the price. It makes sense too - any asset class increasing in value will attract speculators. http://globaleconomicanalysis.blogspot.com/

As can be seen from the table other commodities are attracting significant speculation too.

[GTB_an_Owl (Geoff)]

i would like to see the futures market banned

geoff

[casstony]

Originally Posted by GTB_an_Owl

i would like to see the futures market banned

geoff

Me too.

Seems the financial industry is forever inventing convoluted ways of separating us plebes from our money.

[fringe_dweller]

Originally Posted by Deeno

privilege of driving on our third world road network

dont see how that will get better seeing bitumen comes from crude oil

Originally Posted by GTB_an_Owl

i would like to see the futures market banned

commie!

was reading a great post somewhere, this person said all our oil/petrol ect. comes from bass straight, except the 10% that is for bitumen, but prices are linked to world oil prices/singapore - we are virtually totally self sufficient besides the raw stuff for roads?

and someone said UK doesnt have oil? hello, north sea oil?

[xstream (John)]

This put a smile on my face.

http://tinyurl.com/46mma8

[anthony2302749]

I don't whether I missed it but due to the spiraling cost of fuel, I am buying a bike and will start riding to work. One it will keep me fit something the wife will be pleased about, two I will save some money as I will be using the car less and third as I will be using the car less I will be paying less tax.

Down side is the Victorian State Govenment probably will start TOLLING the Bike Tracks and setting up Speed Camera to make up the short fall in Tax Revenue lost due to me not buying fuel