I agree. President Trump is doing an awesome job
Sent from my iPhone using Tapatalk
LONDON—Oil prices turned lower Friday after PRESIDENT Donald Trump said high crude prices “will not be accepted.”
Look Here -> |
I agree. President Trump is doing an awesome job
Sent from my iPhone using Tapatalk
DILLIGAF? Im in Orstralia!!!!
__________________________________________________ __
Statistically, if you wait long enough, everything will happen!
Really?...Does not look like this chart or if you go to your article
Oil prices closed little changed Friday, pulled between comments from President Donald Trump that high crude prices “will not be accepted” and a meeting between major oil producers where they recommitted to limiting output.
"Light, sweet crude for May delivery settled up 9 cents, or 0.1%, at $68.38 a barrel on the New York Mercantile Exchange, hovering near their highest close in more than three years. "
https://www.wsj.com/articles/oil-edges-higher-as-investors-look-to-opec-meeting-1524217572
Last edited by mandc; 21-04-18 at 08:49 AM.
mandc (21-04-18)
Crude at $68.00 a barrel wotks out at roughly 38c a litre, add refining costs, and a small margin for distributions etc. WE ARE BEING RIPPED OFF! Of course we knew that all ready. It's about time our pollies grew some gonads of their own!
I'm out of my mind, but feel free to leave a message...
Ever noticed that cmangle makes US based posts about nothing to do with Australia then disappears till next US based post?
Is he banned from most US themed forums????
__________________________________________________ __
Statistically, if you wait long enough, everything will happen!
me_ashman (25-04-18)
The last paragraph in that linked article goes to the nub of it (notwithstanding our local rapacious tax regime):
Oil, and energy in general, has become the plaything of the screen jockeys.Crude and refined product values are determined not only by production costs, but also by supply and demand factors determined daily by commodity traders at the New York Mercantile Exchange. Since costs for marketing, distribution, and taxes are fairly stable, the values of crude oil and refined products established by traders dictate today’s price of gasoline and diesel.
Like so many other commodities that are traded, the final price is often totally divorced from the actual cost of production and distribution.
Having said that though, I find it strange that society in general seems quite happy to pay more per litre for bottled water than they do for petrol and diesel.
I can guarantee you that the cost of producing and distributing that water is not even in the same galaxy as that of petroleum.
And having spent 20 years working in the offshore oil and gas industry, I can confidently say that anyone who believes that any American President, past or present, has or will ever, materially influence the market price of crude oil, should probably ease off a bit on whatever it is that they're smoking.
"Testicles - something Obama NEVER had!"
Really not true, false news as they say. Oh, you mean Barack and not Michelle. The rumour (Australian spelling) is Michelle had a pair.
You can learn alot using Google, and the search button.....
Yeah in her hand....The rumour (Australian spelling) is Michelle had a pair.
I'm out of my mind, but feel free to leave a message...
Bookmarks