Petrol prices : Tue Jan 24, 2012 1:29 pm  

There's and embargo on Iranian oil, a military build up in the Gulf and one of the few UK oil refineries has just gone bust. Do you reckon petrol prices will go up or down?

Re: Petrol prices : Tue Jan 24, 2012 1:40 pm  

Up short term, followed by thermo nuclear war.

Re: Petrol prices : Tue Jan 24, 2012 1:43 pm  

Wnidyone2012 wrote:

Up short term, followed by thermo nuclear war.

Shouldn't joke in this year of the Dragon, Iran, Israel, Falklands, etc.

Re: Petrol prices : Tue Jan 24, 2012 1:48 pm  

Looks to be just a matter of time before it kicks off with Iran.

Probably Israel will begin proceedings, then the Americans will join in, and the UK will have a small role.

I would think just aerial strikes on nuclear facilities rather than any kind of liberation like we saw in Iraq.

Re: Petrol prices : Tue Jan 24, 2012 1:52 pm  

Ajw71 wrote:

Looks to be just a matter of time before it kicks off with Iran.

Probably Israel will begin proceedings, then the Americans will join in, and the UK will have a small role.

I would think just aerial strikes on nuclear facilities rather than any kind of liberation like we saw in Iraq.

What if Russia and / or China decide they are strong allies of Iran?

Re: Petrol prices : Tue Jan 24, 2012 1:58 pm  

Dally wrote:

What if Russia and / or China decide they are strong allies of Iran?

WW3?

Re: Petrol prices : Tue Jan 24, 2012 2:05 pm  

Re: Petrol prices : Tue Jan 24, 2012 2:13 pm  

Big Graeme wrote:

The old ones are the best......

Re: Petrol prices : Tue Jan 24, 2012 2:15 pm  

Petrol prices will continue to go up as long as people aren't prepared to live without their cars.

If people are daft enough to pay it, the oil companies are daft enough to charge it, and the governments are daft enough to keep putting further taxes and duties on it.

Only when we all buy either 1.0 urinators (you know, for p155ing about in), or electric cars, or walk, or get a decent public transport system, will we all stop consuming petrol at stupid rates.

And no, cod'ead, I don't drive a gas guzzler before you start.

Re: Petrol prices : Tue Jan 24, 2012 2:17 pm  

Dally wrote:

...one of the few UK oil refineries has just gone bust.

If you can't make money selling drugs to the addicted...

Dally wrote:

Do you reckon petrol prices will go up or down?

With or without short term crises long term prices for fuel are only going to go in one direction.