Yesterday the price of unleaded was $1.20ltr, today its $1.30. The reason given that a Refinery in the US had to shut down for maintenance. Now call me silly but I work in an Alumina Refinery and when we do our Shut downs we do them a Unit at a time to minimalise impact on Production. Also we have no impact on Global Alumina prices when we do it. We have only one Oil Refinery here in the West [BP] and the rest of our feul is imported from Singapore. So can someone please tell me that because of maintenance in one refinery in the US that so much oil has to be diverted to the US from Singapore that we have to pay a premium for it, because other wise my only alternative is to believe that we are being ripped off, and whats worse is our govt is allowing it. Now that cant be possible, can it :shock: :shock: :shock:

I would say the demand is being taken by China who use to not import any oil now they are importing tons of it for their overheated economy and has now become the largest importer of oil after the U.S.

Not much left over for anyone else.

I would say the demand is being taken by China

China are taking everything, a friend of mine wanted to purchase some fence panels a few weeks back, and all he kept getting told there was a shortage of wood panels as China was taking them all.

I've heard the same about the price of cement, the price increase is due to the Chinese taking all the cement they can lay their hands on.

What the 'crispy duck' is going on! Next we will find the cost of karaoke machines increase by 100%.

Before we all complain too much about China please remember that it is mainly due to western companies that have relocated there, not simply because of bigger profits, but because under current company law those companies are required to do their best for their shareholders, not the countries where they originally started.

IMHO this is a fundamental part of the problem - it is far more profitable for most companies to close down factories and fire their employees in the US and Europe and relocate manufacturing to Asia.

This relocation has required and continues to require a huge investment in infrastructure (cement, steel etc) and consequent use of energy as the infrastructure is being developed and as manufacturing comes on line

The American system is set up to make as much and as quick as you can in order to meet the next quarters deadlines. Restructuring to cut cost has resulted in alot of shell companies expert at increasing profits but leaves no expertise inside the company expertise has to be out sourced to consultants.

The world bank has ranked Japan number one again in research and development in fact while most of the world is concerned about developing their knowledge based economy Japan has moved on to the advanced knowledge based economy shows one what long term means.

As more and more nano technology production moves on line the production facilities will no longer need to be located near natural resources leaving the shell companies with no in house expertise and unable to produce any goods.

Whith India about to go the same way as China there wont be a lot left over for the rest of us. Must be time to buy a Horse before they get too expensive??

The time is now to bite the bullet!Stop using oil products asap,where ever possible!

Horses are the way to go. The Preakness 2nd leg of the Triple Crown runs today.

tawan3 wrote:Horses are the way to go. The Preakness 2nd leg of the Triple Crown runs today.

What do they taste like

aardvark our goverment will not do anything the higher the price the more tax they collect

Just had my car converted to LPG yesterday, hope it makes a big difference. Got to beat them somehow

Just talked to a friend in the US, filled up his SUV $82;o(

They like em big in the US