So where are the petrol price protests???

Quote:

---

Originally Posted by Scotty

and what message does it give the banks? Carry on regardless, you can't be allowed to fail... cnuts >:(

---

The law of unintended consequences.

The big banks are too big to fail, so they are propped up with billions of Treasury equity and ZIRP loans; the accounting rules are changed so that their bad assets are no longer marked to market - the 'toxic assets' are now treated as assets on their balance sheets rather than the liabilities they really are; they are forced to merge together so capitalism fails utterly.

The results are insolvent banks that are now even bigger to fail than the previous banks that were too big to fail.

Thanks Gordon. Glad you managed to save the world, sorry, banks!

Should have let them fail. Like failed businesses in all other walks of life do.

Scotty, I agree with you 100 per cent. In the ferocious new world of hi-tech, turbocharged, capitalism, the political and business elite has decided there is no longer any room for sentimental notions such as social justice or wealth redistribution.

I did hear on the radio this morning while travelling in that the cost of fuel has dropped by 4.something % in mainland europe in Jan / Feb yet (GREEDY) British retailers actually increased the cost of fuel most likely using the VAT hike to mask it and blame it on the government so its not all down to the tax man >:( (just most of it !)

Quote:

---

Originally Posted by BladeTriple

I did hear on the radio this morning while travelling in that the cost of fuel has dropped by 4.something % in mainland europe in Jan / Feb yet (GREEDY) British retailers actually increased the cost of fuel most likely using the VAT hike to mask it and blame it on the government so its not all down to the tax man >:( (just most of it !)

---

Have you ever been posted to Bulford? The slip road to the a303 from the Bulford road used to be littered with empty jerry cans on the first day of block leave, everyone would nick a can here or there from the POL cage until they had enough for a tank or 2. That was when it was £1 a gallon! Also one time in Soest, they audited the POL pumps, 30 odd thousand litres of fuel missing in a year...oops!

Quote:

---

Originally Posted by BladeTriple

I did hear on the radio this morning while travelling in that the cost of fuel has dropped by 4.something % in mainland europe in Jan / Feb yet (GREEDY) British retailers actually increased the cost of fuel most likely using the VAT hike to mask it and blame it on the government so its not all down to the tax man >:( (just most of it !)

---

Wholesale prices on the mainland prices have always been lower than UK. The main difference being the cost to transport from Scandanavia and former USSR along overground pipes to Euro countries versus piping to us on an outlying island or shipping to us from the middle east.

Seeing as all other commodities have also soared on this free money inflation rally, it's interesting to see how people focus on fuel. Food and clothing don't seem so important somehow :o

http://rt0.e.prorealtime.com/ProReal...0263647101.gif
http://rt0.e.prorealtime.com/ProReal...0263910310.gif

That's a 3-fold increase in cotton since August.

When will the denim protests begin I wonder ;)

food and clothing will NEVER be as important as putting fuel in my bike :-) ;-)

Quote:

---

Originally Posted by Mitch9128

[quote author=BladeTriple link=1296663385/32#32 date=1298015616]I did hear on the radio this morning while travelling in that the cost of fuel has dropped by 4.something % in mainland europe in Jan / Feb yet (GREEDY) British retailers actually increased the cost of fuel most likely using the VAT hike to mask it and blame it on the government so its not all down to the tax man >:( (just most of it !)

---

Have you ever been posted to Bulford? The slip road to the a303 from the Bulford road used to be littered with empty jerry cans on the first day of block leave, everyone would nick a can here or there from the POL cage until they had enough for a tank or 2. That was when it was £1 a gallon! Also one time in Soest, they audited the POL pumps, 30 odd thousand litres of fuel missing in a year...oops![/quote]


Never suffered Tid'n'Bul Mitch, I remember the days of Germany tho, even those who didn't pinch the fuel pinched the jerry cans to fill up an extra 40 litres of tax free fuel with their coupons from Nettetal or Wankum on the way out of Deutschland then just before you hit Calais there would be a similar layby littered with empty british jerry cans too ;D

Quote:

---

Originally Posted by Chappers

[quote author=BladeTriple link=1296663385/32#32 date=1298015616]I did hear on the radio this morning while travelling in that the cost of fuel has dropped by 4.something % in mainland europe in Jan / Feb yet (GREEDY) British retailers actually increased the cost of fuel most likely using the VAT hike to mask it and blame it on the government so its not all down to the tax man >:( (just most of it !)

---

Wholesale prices on the mainland prices have always been lower than UK. The main difference being the cost to transport from Scandanavia and former USSR along overground pipes to Euro countries versus piping to us on an outlying island or shipping to us from the middle east.

Seeing as all other commodities have also soared on this free money inflation rally, it's interesting to see how people focus on fuel. Food and clothing don't seem so important somehow :o

http://rt0.e.prorealtime.com/ProReal...0263647101.gif
http://rt0.e.prorealtime.com/ProReal...0263910310.gif

That's a 3-fold increase in cotton since August.

When will the denim protests begin I wonder ;)[/quote]

Increases in the price of fuel is probably the biggest contributing factor to a rise in inflation. Transportation costs of goods etc.

Was fuel cheaper in the UK than mainland Europe throughout the decades when we had our own supply from the North sea?

Increases in the price of fuel is probably the biggest contributing factor to a rise in inflation. Transportation costs of goods etc.

I agree. 99.9% of the world agrees. Unfortunately the Bernanke and Benny Hill / Mervyn King disagree and think the price of plasma TVs is more important. If they go down there is no inflation apparently.

Was fuel cheaper in the UK than mainland Europe throughout the decades when we had our own supply from the North sea?

North sea oil was by far the most expensive to extract at the time so yes, I would suspect it was still more expensive than that more easily obtainable on the continent. Regardless, the amount of oil used in the UK derived from the North Sea never exceeded something like 40% in any one year - we still had to import.

It's only recently our petrol prices have over taken France and Spain. For the last couple of years ours has been cheeper.

Going out especially and food generally is cheaper over here, a bottle of beer in a Pairs cafe a couple of weeks ago? 7 Euros!

The price of a chicken from a market in the South of France a couple of years ago worked out to be £11!!!!

VAT in France has been at 20% for years.

On the whole it probably works out about the same to live until you factor in the price of housing over here.