Petrol Price crisis......

[Citroënbender]

Promote it as one of those accommodation/recovery “pods” as touted for areas affected by natural disasters. Suited to problem tenants.

[GASWAGON]

Biden meeting with Saudis/OPEC+ have agreed on 100k more Barrels for September.

WTI down to $91 today.

[Sprintey]

Here's a good link on Australia's diesel, the geopolitical 'who's your daddy' when it comes to Australian diesel supplies:

http://crudeoilpeak.info/australian-...aiwan-may-2022

It's included with the current military exercises around Taiwan, right down to Chinese missile paths!

Rokwiz has the right approach

[Franco Cozzo]

We love making poor decisions as a country, its like our national sport

40% of our diesel coming from Taiwan, Japan and South Korea.

Wow thats going to work out well for our diesel submarine fleet when China makes moves on Taiwan sooner rather than later.

[Franco Cozzo]

Saudi fund invested $500 million in Russian oil as Ukraine invasion began

Saudi Arabia's Kingdom Holding, the investment firm controlled by billionaire Prince Alwaleed Bin Talal, quietly invested more than $500 million in three major Russian energy companies between February and March, regulatory filings showed.

By investing in Gazprom (GZPFY), Rosneft and Lukoil, Kingdom was likely seeking undervalued assets, but its move came as many Western nations imposed sanctions on Russian energy firms and their executives following Russia's invasion of Ukraine on Feb. 24.
Saudi Arabia and other Gulf states have so far tried to maintain what they say is a neutral position on the war in Ukraine, frustrating some Western officials who have sought to isolate Russia over the invasion.

https://edition.cnn.com/2022/08/15/e...nts/index.html

Buy Russian oil cheap for your domestic needs, then export 100% of your production capacity at the high prices on the global market.

Given winter is approaching in the northern hemisphere I reckon Western Europe will give in on sanctions otherwise its going to be a real cold winter for them without Russian gas.

[Bossxr8]

Originally Posted by Franco Cozzo

https://edition.cnn.com/2022/08/15/e...nts/index.html

Buy Russian oil cheap for your domestic needs, then export 100% of your production capacity at the high prices on the global market.

Given winter is approaching in the northern hemisphere I reckon Western Europe will give in on sanctions otherwise its going to be a real cold winter for them without Russian gas.

The indians are doing it too. The whole russian sanctions thing was a complete waste of time, that they easily circumvented. It's like they might have thought ahead

It's pretty hard to hurt russia when they own most of your energy supplies. I remember when the germans laughed at Trump when he told them at that G7 conference (or whatever it was) that depending on russia for gas supplies was dangerous. Look who's laughing now.

[Franco Cozzo]

Originally Posted by Bossxr8

The indians are doing it too. The whole russian sanctions thing was a complete waste of time, that they easily circumvented. It's like they might have thought ahead

It's pretty hard to hurt russia when they own most of your energy supplies. I remember when the germans laughed at Trump when he told them at that G7 conference (or whatever it was) that depending on russia for gas supplies was dangerous. Look who's laughing now.

My favourite part about it all is Angela Merkel reckons she has no responsibility over the situation Germany finds itself in, talk about being disconnected from reality.

Lies on her shoulders and her people are snookered into supporting a dictatorship again, I guess history repeats itself

Saw 91 for $1.96/L all over Reservoir and Preston.

[sexyxe]

Originally Posted by Bossxr8

The indians are doing it too. The whole russian sanctions thing was a complete waste of time, that they easily circumvented. It's like they might have thought ahead

It's pretty hard to hurt russia when they own most of your energy supplies. I remember when the germans laughed at Trump when he told them at that G7 conference (or whatever it was) that depending on russia for gas supplies was dangerous. Look who's laughing now.

To say that selling Russian oil at a heavy discount on world prices to India and China while losing billions in gas contracts to the EU, as being easily circumvented is a bit short sighted. Russian economy contracts while at war, which is usually a time when GDP grows.

Yeah, Russia is killing it...

Saudi Oil is selling at a premium on WTI crude prices. The Arab nations are the ones winning in the oil world circle, not Russia.

[jpd80]

Originally Posted by Franco Cozzo

My favourite part about it all is Angela Merkel reckons she has no responsibility over the situation Germany finds itself in, talk about being disconnected from reality.

Lies on her shoulders and her people are snookered into supporting a dictatorship again, I guess history repeats itself

Saw 91 for $1.96/L all over Reservoir and Preston.

You may not be aware but Angela Merkel retired a while back…..

[Franco Cozzo]

Originally Posted by jpd80

You may not be aware but Angela Merkel retired a while back…..

You think Germany built its dependence on Russian oil and gas in the past 12 months or over the past 15 years?

Just because she's no longer running the country doesn't mean she didn't cause the current problem.

[jpd80]

Originally Posted by Franco Cozzo

You think Germany built its dependence on Russian oil and gas in the past 12 months or over the past 15 years?

Just because she's no longer running the country doesn't mean she didn't cause the current problem.

By your comment I sensed that you didn’t even know she’s been gone fo over a year, which makes me wonder if the rest of what you said was valid…..your assumptions may not be true or at the very least overstated.
Gas supply is a major issue but not accessing Russian supply will open up opportunities for other supply routes, there is always a fall back position.

The Germans wil work it out, it’s not like they’re dumb and doing nothing.We need to stop blathering other political dictatorship nonsense and understand that this is a setback but it will force positive change in other directions.

[GASWAGON]

Prices recently up again around 20-30c in last week.

And September only days away!

[Franco Cozzo]

Originally Posted by jpd80

By your comment I sensed that you didn’t even know she’s been gone fo over a year, which makes me wonder if the rest of what you said was valid…..your assumptions may not be true or at the very least overstated.
Gas supply is a major issue but not accessing Russian supply will open up opportunities for other supply routes, there is always a fall back position.

The Germans wil work it out, it’s not like they’re dumb and doing nothing.We need to stop blathering other political dictatorship nonsense and understand that this is a setback but it will force positive change in other directions.

Explain why they are very hesitant and taking their sweet time to supply weapons to Ukraine then? Seems to me they were VERY hesitant to upset Russia further than supporting sanctions, they know they're in trouble and its not just a simple case of buying LNG from another country, all their blathering on about green energy policy suddenly has changed too with firing back up coal power plants in an effort to protect themselves and their industry from Russia turning off the gas tap as well as the EU suddenly declaring LNG as 'green' fuel.

Or their laughable initial offer of 5000 helmets to Ukraine.



Yet we're on the other side of the planet and already landed circa $300M worth of military assistance months before Germany had even delivered any tanks to them (that they eventually promised)

This lies at Angela Merkel's feet over the past 15 or so years she was running the joint, makes me laugh about how she shrugged off Donald Trump's warning about relying on Russian gas.

I wouldn't call them 'smart', I reckon they're ****ing idiots.

[T3rminator]

Lol Trump. The whole Europe saga is a self fulfilling prophecy. Shame on Merkel for deescalation and providing affordable energy to her people from a supplier next door

Originally Posted by GASWAGON

Prices recently up again around 20-30c in last week.

And September only days away!

Just filled up at Leongatha for 1.84 PULP. Prices are all over the place at the moment. Locked in sleven at 1.86 when coming back from Tullamarine last night.

[Franco Cozzo]

Originally Posted by T3rminator

Lol Trump. The whole Europe saga is a self fulfilling prophecy. Shame on Merkel for deescalation and providing affordable energy to her people from a supplier next door


Just filled up at Leongatha for 1.84 PULP. Prices are all over the place at the moment. Locked in sleven at 1.86 when coming back from Tullamarine last night.

Deescalation? Germany purchasing oil and gas from Russia is supporting their military aggression over the past circa 30 years.

You know, the below wars Russia kicked off on its neighbours:

First Russian-Chechen War - 1994 - 1996
Second Russian-Chechen War - 1999 - 2009
Invasion of Georgia - 2008
Annexation of Crimea - 2014
Russia-Ukraine War - 2022

Those little Baltic countries and other Eastern European nations who have lived under Russian rule over the past 500 years seem to be putting in the effort to help Ukraine, while Germany has been funding their aggression because cheap oil and gas.

They didn't have to buy Russian oil and gas, but they did.

I'm sure we could buy a lot of things from China made by the 1.5 million Uighur slaves they have real cheap, but that doesn't make it the right (or ethical) decision.

[tichman]

Originally Posted by Franco Cozzo

Deescalation? Germany purchasing oil and gas from Russia is supporting their military aggression over the past circa 30 years.

You know, the below wars Russia kicked off on its neighbours:

First Russian-Chechen War - 1994 - 1996
Second Russian-Chechen War - 1999 - 2009
Invasion of Georgia - 2008
Annexation of Crimea - 2014
Russia-Ukraine War - 2022

Those little Baltic countries and other Eastern European nations who have lived under Russian rule over the past 500 years seem to be putting in the effort to help Ukraine, while Germany has been funding their aggression because cheap oil and gas.

They didn't have to buy Russian oil and gas, but they did.

I'm sure we could buy a lot of things from China made by the 1.5 million Uighur slaves they have real cheap, but that doesn't make it the right (or ethical) decision.

What's China got to do with it? You want to talk about Uiger Muslims, try starting with how many the US/UK/Nato etc have murdered over the years then come back and tell us about how bad the Chinese are supposedly treating them, they sure as hell aint killing them and calling them slaves is a pretty big stretch.

As for countries invading others, the same countries that I mentioned above as killing millions of muslims have invaded far more countries and far more atrocities than the dispute currently going on in Ukraine, yeah that doesnt make it right what's happening now but it shows the double standards we have in the west, we do what we want how we want then criticize others for doing the same or anything remotely similar.

The US should be pushing for peace talks in Ukraine instead of using the puppet zelensky to send his people to their deaths as he is doing, after all, when Gorbachev broke up the soviet union part of the deal was for Nato not to expand closer to Russia, yet the US has encouraged exactly that so no surprises for Putin to take the action he has, would Biden/Trump or anyother US president sit back and allow Chinese or Russian military and missiles be based in Canada or Mexico??? NO, yet we wouldn't criticize the US for responding to that threat if it happened just as it did over the Cuban missile crisis which was presented to the west via the media as Khruschev starting it all off by sending missiles to Cuba yet that was a direct response to the US putting missiles in Italy and Turkey aimed at Russia... you start to see the pattern here???

We in the west want what others have and if others resist we impose economic sanctions, weaponising economics and if that fails then try regime change from within (see Ukraine 2014 and tried again in Syria without success) and if that doesn't work then we invade (see Iraq). We blackmail other countries to bow to our demands yet cry foul when other countries do it.
Now the US is threatening Türkiye with sanctions if it trades with Russia... more blackmail and double standards, we are through supporting biased US foreign policy, enabling the worlds biggest dictator, the US.

[jpd80]

Yanks have plenty of money now that they are not blowing $300 million a day in Afghanistan…
Biden and the US will do the heavy lifting on arming Ukraine because they can fund it..

The sanctions are hurting Russia because there’s only so much gas that they can sell to India and China
but I do agree that the coming winter and gas shortages will test NATO countries’ resolve to continue
acting against Russia. Russia is hurting and Europe will begin to really hurt soon…

Tuchman, the Putin is not interested in peace talks, he will continue his campaign regardless of whatever is said. That is abundantly clear to anyone watching Ukraine for even the short west time. The Americans are so far in front of Russia and rearming the Ukaraiians, they can keep this going until Putin is out of tanks and men.

[hackney]

Price of WTC @ just over $81 a barrel!

[jpd80]

Our fuel prices are based on Tapis which is still around $105/barrel

[GASWAGON]

91 is back to normal prices before war but Diesel is still rediculous.

[Polyal]

Originally Posted by GASWAGON

91 is back to normal prices before war but Diesel is still rediculous.

Something is wrong when diesel is more than 98.

[jpd80]

Anyone driving a four cylinder petrol will be smiling at the moment, diesel prices are insane.

[GASWAGON]

Originally Posted by jpd80

Anyone driving a four cylinder petrol will be smiling at the moment, diesel prices are insane.

No wonder food shopping is getting so expensive.

[GASWAGON]

Enjoy cheap petrol while you can guys there's predictions that European winter will drive up demand and prices for oil and nat gas.

[Wretched]

Originally Posted by GASWAGON

Enjoy cheap petrol while you can guys there's predictions that European winter will drive up demand and prices for oil and nat gas.

Don't forget fuel excise comes back in 17 days (29/09)

[PooDog]

Diesel $2.63 a litre in NZ

[GASWAGON]

WTI back down to around $85 p/b which is keeping U.S drivers a lot happier at the pumps around $3.70 per gallon.

[Yellow_Festiva]

Originally Posted by Wretched

Don't forget fuel excise comes back in 17 days (29/09)

Roughly the same time the RBA has been asked to hold off any rate rises..

Hmmmmm

Sent from my SM-G973F using Tapatalk

[jpd80]

Looking across Brisbane,Sydney and Melbourne, there’s a big difference between 91 ULP and diesel of roughly 40cpl.
So I wonder, what’s up with that, why is the price so heavily skewed, what am I missing….

[T3rminator]

Some stations in metro melb are now $1.9x for standard ULP. Others still $1.5x. Not hard to see where it's heading in a couple of weeks, double whammy with excise.