Where does the PM get his fuel from?

otherclive · Mar 9, 2011

On last night's One Show David Cameron said that he realised that high fuel prices were hurting the motorist and could affect the economic recovery. He then went on to say that diesel at £1.30 p litre was hurting. Where does he see fuel at that price, because he certainly does not buy it himself? Our local Texaco is now £1.44.9 and even the Tesco superstore own brand is £1.41.9. Can we expect then a 10p, or more reduction via the Budget. Dream on!

No I don't live on Orkeney.

Icemaker · Mar 9, 2011

up untill last night diesel was £1:31.09 per litre round here (stockport) however today it has shot up to £1:35.09 and it looks like it is set to go a lot higher with the troubles with gadafi, apparently oil production is down by 90 % acording to todays times, soon we will see the oil rashioning and all the price hikes this brings with it, plus cameron and his brother in arms have both agreed once again to get involved in the troubles of a nation we have no right to be getting involved with so expect more middle east countries to restrict our flow of the black stuff putting more pressure on prices.

John_374564913 · Mar 9, 2011

Yesterday oil prices fell as saudi arabia announced it has a surplus of production amounting to 3.5 million barrels per day.

it was announced on BBC news last night quote' WORLD OIL PRICES HAVE FALLEN Unquote'
So it looks like the oil companies are ripping us of again just behind the government

Icemaker · Mar 9, 2011

strange that since this is what the bbc are saying today;
"Oil prices have continued to increase further on worries that production could be disrupted amid continuing unrest in Libya.

US light, sweet crude was up $0.38 at $105.40 a barrel and had hit $105.92 earlier on Wednesday.
Brent crude was $2.60 up at $115.66 a barrel, having hit $116.18 earlier.
The latest price rises follow reported air strikes at an oil terminal near the rebel-held town of Ras Lanuf."

otherclive · Mar 9, 2011

I agree Libya only produces less than 2% of world supply and even without Saudi/Opec increases the demand was falling due to winter nearly being over. I firmly believe that UK oil outlets/companies are raising prices in advance of the Budget so that when the Government announces that the 5p fuel escalator will not be applied they can then gradually reduce prices in line with world prices before the Government announces the threat of another inquiry into UK fuel sales.

John_374564913 · Mar 9, 2011

ICE MAKER
Does the libyan supply really affect the market

To put things in perspective, Libya produces about 1.6 million barrels of crude per day, compared with Saudi Arabia's daily production of 8.4 million barrels and worldwide production of 87 million barrels,

Less than 1% of world output (dont you think somebody is taking advantage of the news situation)

John

DerekBrad · Mar 9, 2011

Yes, John, someone IS taking advantage ! Despite the PM and others spouting about " all being in it together", they are only interested in the fortunes of big business; NOT of Joe Public.
We the public have nobody to fight our corner, we can only sit on the sidelines and suffer in silence.

Have a nice year !

Derek

John_374564913 · Mar 9, 2011

a copy of the news page on 08/03/2011 BBC
Prices fell

British Broadcasting Corporation

Home Skip to content[*]Skip to local navigation[*]Skip to bbc.co.uk navigation[*]Skip to bbc.co.uk search[*]Help[*]Accessibility Help

Business

8 March 2011 Last updated at 22:43
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Oil prices fall on Saudi comments and Opec talksContinue reading the main story
West Texas Intermediate Crude Oil Futures $/barrelLast Updated at 09 Mar 2011, 18:45 *Chart shows local time

pricechange%104.86-
-0.09-
-0.09
Oil prices fell on Tuesday after the Saudi oil minister said his country had 3.5 million barrels per day of spare capacity available, if it were needed.
"Saudi Arabia will continue to reliably meet the world's petroleum needs," oil minister Ali Al-Naimi said.
Oil prices dipped in evening trade with US light crude down 80 cents to $104.64 a barrel, and Brent crude down $2.38 at $112.66 a barrel.
Investors continue to watch Opec for any sign of an increase in output.
Members of the cartel of oil producing nations have been informally discussing whether an emergency meeting to discuss output levels was required.
Kuwait's oil minister said that Opec would now have to decide if there was a need to increase production.
"We are in consultations about a potential output increase," Kuwait's Sheikh Ahmad al-Abdullah al-Sabah told reporters.
However he added that Opec secretary general Abdallah El Badri was "calling everybody to reach a consensus over whether Opec needs to hold an emergency meeting" and that the group had taken no decision.
If there was such an emergency meeting, it would then decide on whether to increase output or not.
Continue reading the main story “Start Quote
A look back at history finds plenty of occasions when large increases in the oil price have been followed by recessions”End Quote

Stephanie Flanders Economics editor, BBC News

Stephanomics: Time to worry?

'Psychological' worries
Earlier, Iran's Opec minister Mohammad Ali Khatibi had told the Reuters news agency that there was "no shortage in the market" and "no need for further Opec supply".
He added: "But the consumers are worried, this is psychological."
Meanwhile, opposing forces - backing and rebelling against the rule of Muammar Gaddafi in Libya - are facing each other near oil terminals about 340 miles (550 km) east of Tripoli, rebels said.
The two sides have been skirmishing outside the oil town of Ras Lanuf.

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Icemaker · Mar 9, 2011

john, no disrespect but that was yesterdays news ! this is todays !.

9 March 2011 Last updated at 17:42
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Oil prices volatile as Libyan unrest continues

Ras Lanuf has been coming under heavy bombardment from pro-Gaddafi forces
Continue reading the main storyRelated Stories

Oil prices have continued to increase further on worries that production could be disrupted amid continuing unrest in Libya.
US light, sweet crude was up $0.38 at $105.40 a barrel and had hit $105.92 earlier on Wednesday.
Brent crude was $2.60 up at $115.66 a barrel, having hit $116.18 earlier.
The latest price rises follow reported air strikes at an oil terminal near the rebel-held town of Ras Lanuf.
Ras Lanuf has been coming under heavy bombardment from pro-Gaddafi forces in recent days.
Markets continue to watch Opec, the cartel of oil producing nations, for any sign of an increase in output to offset the losses in capacity caused by events in Libya.
On Tuesday members of Opec had been informally discussing whether an emergency meeting to discuss output levels was required.Continue reading the main story
West Texas Intermediate Crude Oil Futures $/barrelLAST UPDATED AT 09 MAR 2011, 19:15*CHART SHOWS LOCAL TIME

pricechange%103.97-
-0.98-
-0.93

Icemaker · Mar 9, 2011

and this is todays news item on the saudi situation from yesterday :

But even if all of its 1.6 million barrels of oil per day were shut down, Saudi Arabia - the world's biggest oil producer - has promised to step in with extra supply.
The Saudis - who dominate Opec - say they have an extra 4 million barrels in spare capacity, so what's the problem?

Click to play
Declan Curry explains who gets the money you spend on petrol
First of all, thanks to resurgent global demand, spare capacity is already extremely stretched, and what the Saudis have to offer is pretty much it.
Secondly, markets are worried about trouble spreading well beyond just Libya.
Protests and a government crackdown have already been seen in Iran - a much bigger oil producer - as well as in Bahrain, gas-rich Algeria, and more recently in Oman.
More worryingly - for the oil-dependent at least - a "day of rage" is also being called for in Saudi Arabia itself on 11 March.

mullsy1 · Mar 9, 2011

It doesnt really matter where he gets his fuel,he can afford it.

Lord Braykewynde · Mar 9, 2011

mullsy1 said:
It doesnt really matter where he gets his fuel,he can afford it.

I very much doubt if he pays.

Steve L · Mar 10, 2011

He's probably doing the same as our local "conservative artist" Bill Wiggin. he has claimed £5'000 for renting a room in the towns conservative club house. I didn't think you could sub-let a room in a property belonging to the conservative party to whom you were duely ellected??!!
So the PM will be claiming fuel costs for his use of the company jaloppy despite the party claiming for it too!!
As for the fuel prices. The news teams do a fine job of talking this country into recession, price hiking and desperation. There is never good news where they tread. All they do is "spin doctor" the events and make "drama queens" of the stock markets.

The worst things this contry ever did was to join the EU and promote Devolution. England is the only bit of the UK still paying prescription charges, but Wales, Scotland and Ireland all get their funding from the UK piggy bank. Then it's closely followed by the government not having the "ed balls" to clamp down on the "@ankers" even when the citizens own 85% of the bank! Paying executives performance bonus's shouldn't even be thought of let alone paid out until all the bailout loans are paid back in full with the customary interest.
Rant over. Got to calm down cos I can't afford to be ill !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Dustydog · Mar 10, 2011

I have a theory the PM and BP are in cahoots to keep the oil price high at the pumps to pay for the mess in the Gulf of Mexico and bolster the Treasury coffers.
In the unlikely event the PM manages to reduce the sales of cigarettes at least the extra tax he gets from the oil will balance his books.

Perhaps the PM should support Chelsea and befriend Abramovich

John_374564913 · Mar 10, 2011

Steveienleo

I personally think being in the European Union uis a good thing for England But it is not a debate I want to go into.
However point taken regarding Scotland Ireland and Wales as they joined the European Union on the back of England they should now be forced to leave due to devolution and apply again on the own merits lets see if they can then meet the requirments of the Union
Devolution should be a double edge sword you cannot have it both ways eitewrh one or the other
Perscriptions Parking charges school fees should be the same everywhere or we are not the same country and certains parts are being discriminated against

John

Surfer · Mar 10, 2011

It would be interesting to know hwo we have benefited from being in the EU although the EU has benefited more from us belonging to it. Thank goodness we never converted to the Euro.

Dustydog · Mar 10, 2011

Surfer said:
It would be interesting to know hwo we have benefited from being in the EU although the EU has benefited more from us belonging to it. Thank goodness we never converted to the Euro.

I'll second that about the Euro.
Scotland , Wales Ireland have an abundance of those Stainless Steel Plaques saying "paid for with EU Grant Money"
Funny I've never seen one in England

Lord Braykewynde · Mar 10, 2011

I'm not going to get into the EU debate apart to say " let's get out asap".
Everyday we are losing our sovereignty to those overpaid thieves and unelected judiciary meddling in our affairs.

johnboy1 · Mar 11, 2011

Quite obvious to me, the PM and all his cronies run their cars on hot air.

Steve L · Mar 12, 2011

John_374564913 said:
Steveienleo

I personally think being in the European Union uis a good thing for England But it is not a debate I want to go into.
However point taken regarding Scotland Ireland and Wales as they joined the European Union on the back of England they should now be forced to leave due to devolution and apply again on the own merits lets see if they can then meet the requirments of the Union
Devolution should be a double edge sword you cannot have it both ways eitewrh one or the other
Perscriptions Parking charges school fees should be the same everywhere or we are not the same country and certains parts are being discriminated against

John

Hi John.
While we might differ on belonging to the EU, I do agree with you that all the devolutionary's should go the whole hog and apply to become recognised as EU compliant in their own right. But they won't do that as it is easier to ride on the back of the UK banner when it suits. I also believe that england is being discriminated against as far as prescription charges are concerned. At the moment I am exempt from charges due to ESA as a result of knackering my body by working my wotsits off to earn a crust. But should I be daft enough to work (no offence intended), I would be paying £90 a month approx on prescriptions. So why should the english citizen be out of pocket by that much while the remainder of the uk get it free no matter what their medical conditions are.
I have a sister-in-law living in Eire but her children live in the UK. She has left herself registered at the local dotor here and her daughter collects uk meds and post's them to her in Tipperairery, because over there she would pay hundreds of euros for them. So anothe rloophole left open by the gov!!!!!

carper2 · Mar 12, 2011

Why is it that the oil companies put the price up immediately the price of a barrel goes up. Yet when the price of a barrel goes down they can't drop the price immediately as they are still selling the higher priced oil.
I received an email from fair fuel uk campaign protest, which shows how much our Government is taking in tax.
http://www.fairfueluk.com/documents/fueltax.html

Les

SpudDog57 · Mar 12, 2011

Our hosts uncle works for http://www.dft.gov.uk/gcda/cars/allocatedService.php Ministerial Car Service who suppy your PM's car.

Parksy · Mar 12, 2011

carper said:
Why is it that the oil companies put the price up immediately the price of a barrel goes up. Yet when the price of a barrel goes down they can't drop the price immediately as they are still selling the higher priced oil.
I received an email from fair fuel uk campaign protest, which shows how much our Government is taking in tax.
http://www.fairfueluk.com/documents/fueltax.html

Les

I've signed the petition and passed the message on

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Where does the PM get his fuel from?

otherclive

Icemaker

John_374564913

Icemaker

otherclive

John_374564913

DerekBrad

John_374564913

Icemaker

Icemaker

mullsy1

Lord Braykewynde

Steve L

Dustydog

John_374564913

Surfer

Dustydog

Lord Braykewynde

johnboy1

Steve L

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Parksy

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