worried about the price of petrol?
May 15th 2008 00:15
I am sure we are all in the same boat, with Petrol prices reaching the stratosphere and forecast for MORE increases coming out of broking houses (Goldman Sachs say it could get as high as $200, yikes), we want an Emissions Trading Scheme but we are scared about how much petrol prices will increase. Lets face it the lobbyists are already doing a great job to spook us into thinking our lifestyles are about to go out the window in order to do something about Climate Change.
Well I was at a conference yesterday and finally got the truth about how much Petrol prices will increase at a $30/ tonne price for carbon (that is approximately where it will trade here)
The cost is 6c per litre, yes 6c per litre, look no increase is good, but 6c isn't really that bad in the scheme of things, certianly not worth wasting countless millions of dollars on lobbying for Petrol to be left out. We honestly have felt worse pain over the last five months and to me it seems a small price to pay.
And as Nicholas Stern says
"INACTCION, will be much more expensive in the long run than taking action"
cheers
Louie
Well I was at a conference yesterday and finally got the truth about how much Petrol prices will increase at a $30/ tonne price for carbon (that is approximately where it will trade here)
The cost is 6c per litre, yes 6c per litre, look no increase is good, but 6c isn't really that bad in the scheme of things, certianly not worth wasting countless millions of dollars on lobbying for Petrol to be left out. We honestly have felt worse pain over the last five months and to me it seems a small price to pay.
And as Nicholas Stern says
"INACTCION, will be much more expensive in the long run than taking action"
cheers
Louie
photo courtesy of www.morguefile.com
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Comment by RubySoho
Music Zone
Thought Zone
But yeah, 6 cents a litre probably won't break the bank for most people.
Comment by Market Newbie
Gizmo Peek
Stock Market Punk
Again, closer to home, high oil prices almost always translate to higher food prices, etc. That brings up inflation, eats up on the value of money, etc.,etc.
What really eats my goat is the fact that this is not the first time that the prices of oil is reaching the sky. Too many powerful people know the ramifications of that. I'm sure, somehow, it already occurred to them that the big oil producing countries can hold the entire world hostage to oil prices. And yet...?
Is it really possible that, with all the brilliant minds in this planet, and with all the resources at the disposal of powerful leaders of rich and poor countries, there is nothing that can be done to lessen the world's dependence on oil?
I wonder what will happen if all the cars in the world (lets leave the trucks first) are running on biofuels and solar powered batteries...
Comment by AmyHuang
Project Job Search
Travel Debate
Travel String
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Or better - get on a bike
Comment by Louie
randomthoughts
Phil's Wellness Tips
Yes ruby that's right and if we have an ETs we will have (in theory) a pool of money to invest in a viable substitute that won't leave people starving.....
Comment by Louie
randomthoughts
Phil's Wellness Tips
the irony is, a higher fuel price theoretically spurs more investments in the renewables you mention.... carbon mkts help but a high oil price is the main driver for renewables investment.
answer: the world would be a better place
Comment by Louie
randomthoughts
Phil's Wellness Tips
I HEAR YOU, I catch the Bus, it sucks, but I do it....... people need to learn to leave their cars at HOME!!!!
Comment by Market Newbie
Gizmo Peek
Stock Market Punk
I don't mind if they keep oil prices high, so long as the world does not depend on it.
Like maybe the price of a Lambo or a Ferrari.
Comment by James Rickard
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Angling Fish
Check this out...
Comment by Louie
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Phil's Wellness Tips
Lambo's or Ferraris are fine as long as they are hybribs
Comment by Louie
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Phil's Wellness Tips
wow, i guess that could be a big problem....$100 bucks to fill up, that would definitely get me on the bus.
Comment by Fobzy
Fobz
Comment by Louie
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