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Falling oil Prices
#1518919
18/12/2014 13:49
18/12/2014 13:49
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Joined: Jul 2012
Posts: 1,650 Dark side of the Moon
H_R
OP
My life on the forum
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OP
My life on the forum
Joined: Jul 2012
Posts: 1,650
Dark side of the Moon
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Wow just cant believe how much cheaper petrol is getting! On a side note i wonder how Scottish independence would of coped should they of been successful with the drop in oil price? Russia seems to be struggling with the drop! I imagine at the current prices its not too profitable to extract oil from the north sea and they are forecasting it to drop to below a £1 a litre for standard petrol!
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Re: Falling oil Prices
[Re: H_R]
#1518927
18/12/2014 15:33
18/12/2014 15:33
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Joined: Oct 2008
Posts: 6,783 In the coupe.
magooagain
Club Member 259
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Club Member 259
Forum is my life
Joined: Oct 2008
Posts: 6,783
In the coupe.
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I Just paid €1.22 for 98 here in France. Diesel is €1.09
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Re: Falling oil Prices
[Re: H_R]
#1518939
18/12/2014 19:51
18/12/2014 19:51
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glenn1960
Unregistered
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glenn1960
Unregistered
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Central news in the midlands went "live" to a garage in Birmingham 10 minutes ago, to report on queuing traffic for cheap petrol all day as if there might be a petrol shortage and there was one van in the forecourt !! Scare mongering again from the media , as if we are going to fill up this week when its going to be cheaper next week
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Re: Falling oil Prices
[Re: H_R]
#1518945
18/12/2014 20:56
18/12/2014 20:56
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Joined: Dec 2005
Posts: 17,370 Staffordshire
Nigel
Forum veteran
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Forum veteran
Joined: Dec 2005
Posts: 17,370
Staffordshire
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I'm semi-involved in the oil industry as one of my jobs - IMHO, prices will continue to fall for some time yet.
OPEC have chosen to take on the American Shale producers, and have decided to maintain production levels, which is leading to over-supply.
However, there are some that say that the American production will be sufficient by 2018 to turn the USA into a net exporter - this is down to big leaps in fracking technology, meaning its not as costly as it used to be
There's still plenty of countries that will consume OPEC oil, so they'll continue to produce
The critical point comes at around $40 / barrel - a few heavily geared shale producers will go by the wayside at that level, but there are some Canadian producers that are still profitable at below $30 - at this point, some very big OPEC producers will be running at a loss, so its actually going to turn into a game of nerve (or more accurately, a game of how long the cash reserves will last)
The big casualty in this 'conflict' is Russia, who have neither the technology or cash reserves to compete, so demand for Russian oil is plummeting and taking the Rouble with it.
Nigel's (optimistic) prediction - unleaded will go below £1.00 litre in the first quarter of next year
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Re: Falling oil Prices
[Re: H_R]
#1518947
18/12/2014 21:27
18/12/2014 21:27
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Big_Muzzie
Unregistered
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Big_Muzzie
Unregistered
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But not in Russia!
Hopefully, as the taliban is also funded from oil, we will see a drop in terrorism - kill a few fields of poppies and they may go bust!
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Re: Falling oil Prices
[Re: H_R]
#1518949
18/12/2014 21:52
18/12/2014 21:52
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go_fast_Chris
Unregistered
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go_fast_Chris
Unregistered
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wonder if countries will start to produce more man size engined cars to consume the fuel faster... being it will soon be cheap. bring on the fiat coupe V8 twin turbo
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Re: Falling oil Prices
[Re: barnacle]
#1518972
19/12/2014 08:08
19/12/2014 08:08
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Joined: Dec 2005
Posts: 4,833 Haslemere, Surrey
Mark_S
Forum is my job
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Forum is my job
Joined: Dec 2005
Posts: 4,833
Haslemere, Surrey
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"biggest casualty is Russia" Listening to the squark-box this morning, sounds like Nigeria is taking a hammering too more people than Russia and more dependent on oil exports too
997 C4S
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Re: Falling oil Prices
[Re: H_R]
#1519037
20/12/2014 11:23
20/12/2014 11:23
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Truffle
Unregistered
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Truffle
Unregistered
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Shell VPower was £1.21 when i filled up last night.
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Re: Falling oil Prices
[Re: Gripped]
#1519055
20/12/2014 16:24
20/12/2014 16:24
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Joined: Jun 2006
Posts: 6,144 Southampton, Hants
Roadking
Club member 1809
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Club member 1809
Forum is my life
Joined: Jun 2006
Posts: 6,144
Southampton, Hants
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So, making the logical leap.
Fiat Coupe Turbo prices are going to rise !
That was kind of my point.... I'm not convinced fuel price has depressed Coupe prices. And what goes down is bound to go up. Especially in the budget...j
"RK's way seems the most sensible to me". ali_hire 16 Dec 2010
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Re: Falling oil Prices
[Re: H_R]
#1519065
20/12/2014 19:46
20/12/2014 19:46
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Joined: Dec 2005
Posts: 9,706 Gone
Jimbo
Je suis un Coupé
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Je suis un Coupé
Joined: Dec 2005
Posts: 9,706
Gone
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But surely the tumbling oil prices is hitting the Inverness/Aberdeen economy pretty hard?
I've noticed a change here already, where this place is usually flooded with Russians, I've hardly heard a Russian accent in the past month (that's not a bad thing).
Last edited by Jimbo; 20/12/2014 19:49.
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Re: Falling oil Prices
[Re: Roadking]
#1519068
20/12/2014 20:46
20/12/2014 20:46
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Joined: Dec 2005
Posts: 3,611 S. Wales. Way beyond my means
Gripped
Club member 1924
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Club member 1924
Forum is my job
Joined: Dec 2005
Posts: 3,611
S. Wales. Way beyond my means
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So, making the logical leap.
Fiat Coupe Turbo prices are going to rise !
That was kind of my point.... I'm not convinced fuel price has depressed Coupe prices. And what goes down is bound to go up. Especially in the budget...j I was semi joking really, as there is always the hope that Coupe prices will rise, and the fuel price drop was another excuse to hope that they do. It just means that for now we can have a few extra miles and a few extra bangs for the buck !
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Re: Falling oil Prices
[Re: H_R]
#1519075
20/12/2014 22:06
20/12/2014 22:06
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go_fast_Chris
Unregistered
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go_fast_Chris
Unregistered
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at this rate soon the petrol stations will pay us to drive the cars... that would be great
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Re: Falling oil Prices
[Re: Jimbo]
#1519077
20/12/2014 22:12
20/12/2014 22:12
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Joined: Mar 2006
Posts: 8,852 Cambridge & Cotswolds
MeanRedSpider
Je suis un Coupé
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Je suis un Coupé
Joined: Mar 2006
Posts: 8,852
Cambridge & Cotswolds
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But surely the tumbling oil prices is hitting the Inverness/Aberdeen economy pretty hard?
I've noticed a change here already, where this place is usually flooded with Russians, I've hardly heard a Russian accent in the past month (that's not a bad thing). Aberdeen possibly - less so Inverness though quite a few people I know commute to Aberdeen. I work in Amsterdam - another benefit might be my flights gets cheaper.
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Re: Falling oil Prices
[Re: Jimbo]
#1519089
21/12/2014 02:27
21/12/2014 02:27
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Joined: Mar 2008
Posts: 5,101 highlands
jimboy
Club Member 857
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Club Member 857
Forum is my life
Joined: Mar 2008
Posts: 5,101
highlands
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But surely the tumbling oil prices is hitting the Inverness/Aberdeen economy pretty hard?
I've noticed a change here already, where this place is usually flooded with Russians, I've hardly heard a Russian accent in the past month (that's not a bad thing). Certainly not that I've seen.
I'm an old git & happy with it,most of the time
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