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Posted: Sat Aug 19, 2006 10:56 pm
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Posted: Sat Aug 19, 2006 11:12 pm
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China - And India to a lesser extent, are in a massive process of modernisation, and development. They're both 3rd World Countries, but they're slowly coming out of this. This means more people want to live like us, and living like us is not cheap, and part of living like us is having cars. And let's admit, they're pretty useful. So China wants it's oil. Demand increases, so companies can charge more for their oil. Reserves - Oil has been mined heavily now for the last 50 or so years, but it's a non-renewable energy source, and supplies are slowly dwindling. So couple that with Chinese demand, and you've got yourself some hefty oil prices my friend. Growth - Economies like to 'grow'. By that, they like to make the same about of money they did last year, with a little bit extra where-ever possible. Money is produced in essence from primary recoursed, but along that chain of produce, a lot of it is driven by oil, because is not only refined into petrol, but other usefull petro-chemicals, mainly plastics. So each year, people want more and more. Political Instability - The regions with the most oil, also happen to be the most unstable in a political sense. I mean, just look at Israel and Jordan at the moment. They're not two very large oil producers, but they're right next door to countries that are. When an area is less stable, people fear lack of supply from such regions, and prefer to get as much as they can whenever they can. More demands. Greed - And yes, pretrol companies like to make monies to, so they can increase prices. Be it at the distribution cenre, at refinement, or even at the pump. It's all sooooo much more complex than that though, it's just a simple over-view. sweatdrop
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Posted: Sat Aug 19, 2006 11:17 pm
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WellzY China - And India to a lesser extent, are in a massive process of modernisation, and development. They're both 3rd World Countries, but they're slowly coming out of this. This means more people want to live like us, and living like us is not cheap, and part of living like us is having cars. And let's admit, they're pretty useful. So China wants it's oil. Demand increases, so companies can charge more for their oil. Reserves - Oil has been mined heavily now for the last 50 or so years, but it's a non-renewable energy source, and supplies are slowly dwindling. So couple that with Chinese demand, and you've got yourself some hefty oil prices my friend. Growth - Economies like to 'grow'. By that, they like to make the same about of money they did last year, with a little bit extra where-ever possible. Money is produced in essence from primary recoursed, but along that chain of produce, a lot of it is driven by oil, because is not only refined into petrol, but other usefull petro-chemicals, mainly plastics. So each year, people want more and more. Political Instability - The regions with the most oil, also happen to be the most unstable in a political sense. I mean, just look at Israel and Jordan at the moment. They're not two very large oil producers, but they're right next door to countries that are. When an area is less stable, people fear lack of supply from such regions, and prefer to get as much as they can whenever they can. More demands. Greed - And yes, pretrol companies like to make monies to, so they can increase prices. Be it at the distribution cenre, at refinement, or even at the pump. It's all sooooo much more complex than that though, it's just a simple over-view. sweatdrop
Thanks for all the informantion biggrin
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Posted: Sat Aug 19, 2006 11:18 pm
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Posted: Sat Aug 19, 2006 11:21 pm
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Posted: Sat Aug 19, 2006 11:41 pm
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Posted: Sun Aug 20, 2006 1:17 am
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Posted: Sun Aug 20, 2006 2:44 am
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Posted: Sun Aug 20, 2006 7:09 am
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Posted: Sun Aug 20, 2006 11:12 pm
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Posted: Sun Aug 20, 2006 11:29 pm
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Posted: Mon Aug 21, 2006 1:42 am
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Posted: Mon Aug 21, 2006 7:49 am
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dj tima nrasjaa its good that petrol prices are up!! keeps teh men at home 3nodding dats a very interestin way 2 look at it. yus cuz then they spend less time with the car and more time with you!! *is surrounded by car obessed men*
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Posted: Mon Aug 21, 2006 10:49 pm
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Posted: Mon Aug 21, 2006 11:53 pm
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