Fuel costs.

[colin(bridgend)]

Garfield my posting was purely an alternative thought on the problems we have facing us in the future. Goodness knows when it will be but I am sure research will come up with an alternative - think positive. As a professional person in research hopefully you or a colleague will come up with an answer sooner and not later.

 

[Angus1]

I don`t think anyone can deny that oil will run out eventually, but as geologists cant agree when, or how much is left, that a bit of a red herring.

The American oil industry decreed that worldwide oil production had peaked prior to 1920, and the doom mongers have been wrong ever since.

On-shore oil-wells are abandoned when they still have 60% of their reserves left for economic reasons, and I have no reason to believe that off-shore ones are any different.

UK on-shore wells which were shut are now being looked at or re-drilled as new techniques such as horizontal boring are producing oil from worked-out wells.

Yes, it will `run out` as will coal, but certainly not in my lifetime and probably not in my kids either

 

[MalcolmL]

Garfield,

You're deluding yourself if you think retired people don't pay income tax. Where on earth did that idea come from? If their income is insufficient to be taxable, do you honestly think they are running 4*4s? I don't think so!

I do believe fuel tax should increase and Vehicle Excise Duty should be a nominal amount so that those driving higher mileages pay accordingly. It would also mean the toerags driving untaxed cars would pay their share.

Colin, my comment was more against the remark about retired persons not paying tax, rather than not owning a 4*4. I, too, am early retired with a 4*4 but I certainly pay tax!

 

[MalcolmL]

Angus, I agree. A large number of abandoned offshore fields are being successfully resurrected by smaller independent oil companies running a "lean & mean" operation. Certainly the peak of production is past but hopefully it will continue for some time yet. There is always Iraq!