$100 per barrel of oil
 

What will this due to the industry?Prepare for the future and be blind to the manipulations of the creatures you call governemnt.

OIL ,FOOD ,BLOOD,WMD,s I see the way points who knows the destination?:suspect:

oil $100
 

just buy some oil in the futures market block it at 80ish for the end of the year now that saudi chap is dead and the usbeskithanis want americans out oil is going to soar :ok:

Err.....you need to stop smoking that sh1t, dude.

Anyhows, the Falklands reserves are becoming more and more financially viable to extract - FI Gas & Oil Co (or is it Oil & Gas?) have found exploitable reserves in excess of 1,250 Billion barrels.

I'd say it's more like the days of the super-rich Arab oil tyrants are over, don't you think?
16B

Biofuels and other forms of petroleum alternatives along with increasing efficency are likely to bridge the gap between increasing oil prices and the development of hydorgen fuel cells or other advanced fuel forms.



....so i read

Someone mentioned in JetBlast a while back that when oil reaches $100/barrel it becomes financially sound to start drilling in the Falklands, don't know how true that is.

Aviation economics
 

It,s always best to keep the populace in the dark and delay reaction time to the best advantage of those in control.I read a comment about oil prices and it would appear a valid point has been raised.By friday it may close at $65 per barrel and one must ask how long will the markets be interested in companies that find making profits as rare as finding an honest man on Wall St.

:confused: However I suppose as long as we can find it our shelves wont,t be emty like in Britian 5 years ago when they had a blockade over fuel prices resulting in store shelves being emty in a matter of days.:8 Perhaps the government will pay for our fuel so we can keep our jobs:ok:

The trouble is that the vast majority of us, (and that includes anyone from the person on the street to the MD of the largest companies in the world) can do **** all about it.

If fuel prices rise we just have to take it on the chin and pay the going rate, it's all very well waving banners and shouting loudly, but if you can't heat your home or fill your car's petrol tank, you are well and truely knackered.

It's governments that have the real clout and ability to do something about it, but they are rarely willing to act. In the UK, a cut of 10% in fuel duty would help the personal and manufacturing sector enormously and would also boost the economy by giving us and them more spending power, but since it's tax revenue that the Labour government has already spent and consequently it would take them at least a year to sort it out.

I doubt that a Conservative government would do any better.

Why do you think we went Iraq?:}

It's worse than you think - the current price has in the region of
$10-$15 per barrel in pure speculative pricing, i.e. the market volatility has allowed the sellers to hike the prices even more. The true price is around $50, which is still high, but not the disaster it might be. These modern day shylocks are raping every one of us and blaming it on everyone else but themselves.

US and UK Governments are clinging to the belief that oil price inflation is a way of avoiding stagnation in the economy (which is very flat without oil prices) and helps keep the economy on the boil. Of course in the UK the outright and blatant usury committed by the Government in Fuel taxation is reason enough to continue to gouge Free enterprise and Joe Public.

Niknak's right - were $crewed, and no Goverment will change these practices or prevent the Market Traders cleaning up at our expense.

It's worth pointing out here that 85% of the cost of fuel in the UK is tax. I think the govt could actually do rather alot - that is if it wanted to tell the tree huggers to piss off, and stop funding 'alternate' lifestyles out of our pockets.

16B

I'd recently heard a figure of about $60/barrel mooted as the viability point (from someone who works for FIGOC) - they're getting quite excited about it down there at the moment - especially with the very favourable seismic survey completed recently.

Shares in FIGOC, anyone?

16B

Don't be surprised to see$70 very quickly, maybe within the next 2-3 weeks.

Rockwell is he company listed London I believe hat will be drilling in the falklands read it in share mag last week.Stock is climbing.Its obviously alrady ben in the works.