Oil passes $105 a barrel.

Started by F Body, March 06, 2008, 11:59:22 AM

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F Body

The price of crude oil has set a new record in New York, climbing to $105.1 a barrel as the US dollar declined in value and amid concerns about supply.

http://newsvote.bbc.co.uk/1/hi/business/7280990.stm\" target=\"_blank\" rel=\"nofollow\">http://newsvote.bbc.co.uk/1/hi/business/7280990.stm

 What really hacks me off is the Traders making billions by just hiking the price up

55starchief

Quoting: F Body
What really hacks me off is the Traders making billions by just hiking the price up


all is fair in business man, i bet if you had the money to trade in oil you would do the same

Besides its not the raw material price that fuks us over its the damn taxation

F Body

Quoting: 55starchief
all is fair in business man,


I have no problem with business, i.e where someone actually does something to a product and then marks it up and moves it on

What I'm complaining about is the traders just push a button hiking the price of oil whilst it's still in the hold of a ship somewhere in the seven seas.
There is no work, skill or added value to the end product, they are just screwing us

55starchief

Quoting: F Body
There is no work, skill or added value to the end product, they are just screwing us


The fact is mate that 70% of our fuel charge is taxation

Shifty

Quoting: F Body
What I'm complaining about is the traders just push a button hiking the price of oil whilst it's still in the hold of a ship somewhere in the seven seas.


technicaly they are transporting it from the "middle of know where" to the refinery which does cost money, tankers are not cheap to run.

just my

I'm on your side by the way,