Petrol prices affecting sales

[Steffo]

Originally Posted by RATT

We mustn't forget Russia. They have some huge untapped reserves.

They have the biggest oil reserves in the world.. and they cut production big time when Putin imprisoned the board of directors of the largest oil company in Russia and seized the company, they owe billions in unpayed tax to the Govt.

[tbearz]

Originally Posted by Steffo

They have the biggest oil reserves in the world.. and they cut production big time when Putin imprisoned the board of directors of the largest oil company in Russia and seized the company, they owe billions in unpayed tax to the Govt.

Supposedly, the true reasons are political. The goverment was unhappy with the head of the oil company (whose name escapes me at this moment) as he was supporting opposition parties, plus they wanted to bring the oil corp back into state hands or state supporters. They were seeing it going towards british and american interests so they came in with the tax office and said they owed insane amounts of money which they couldnt not repay thus becoming state property.

/political talk

[GTENVY]

Bugger it, bring on straight ethanol out:

[XR Martin]

Yes US is still the biggest consumer of oil, but like I said its Indias and Chinas rapid increase in demand/consumption is causing the oil price rise.

[PH47]

Is it true though that we pay more government tax on our fuel than any other developed country? Someone told me yesterday that we get fuel for the same price as the US, but by the time the government has finished adding on it's taxes etc we pay twice as much as them at the pump..

That's just what I was told, doesn't mean it's true. I wouldn't be suprised though. We pay taxes on taxes :(

Originally Posted by ToasterOn22s

Is it true though that we pay more government tax on our fuel than any other developed country? Someone told me yesterday that we get fuel for the same price as the US, but by the time the government has finished adding on it's taxes etc we pay twice as much as them at the pump..

That's just what I was told, doesn't mean it's true. I wouldn't be suprised though. We pay taxes on taxes :(

Im pretty sure all of europe pays alot more tax.

[Tote]

Originally Posted by RED_EL_XR8

Why is it the standard reaction to high fuel prices is to sell the V8 sedan, only to replace it with a 4WD?

Because a lot of people dont think very hard about why they buy a particular vehicle and the consequences of such a purchase. How many mates have you got who want to sell their car 12 months after they buy it because it's to big, too small, too thirsty, too slow etc etc.
The depreciation cost of trading a car prior to paying it off pays for a lot of fuel at $1.40 a litre.
Regards,
Tote