The Price of Petrol and Brocoli Pisses Me Off!
Thursday, June 5th, 2008I have been watching with great interest the rise, then rise, then rise of petrol in Australia, with the current price of diesel is hovering around $1.87 per litre. Good thing I don’t own a truck or Turbo diesel 4WD.
I have abasic understanding of how the price of crude oil is set and I also understand that demand for oil is greater than supply. But what I dont understand is, why OPEC dosn’t increase production and release more oil?
Is it because the greedy oil barrons want even higher prices for their oil? Is it because they have shareholders that want even better Dividends? Or is it really, that the reserves of crude oil are low and OPEC has the ration it? I’m a bit sceptical and beleive that BIG BUSINESS is taking us all for a ride and shareholder dividends and Million Dollar CEO paydays are the reason I am paying $1.62 a litre for ULP.
I have no answers to the fuel price problem except to say, “Screw the rest of the World”! Lets find our own oil, refine it and sell it at a price we can all afford in our own country. If we have any left to trade with, then and only then we export it.
From what I can see, as the Corporations and BIG BUSINESS gets richer and richer in our growing economy, the poorer are getting screwed on fuel and food prices so that profits and enormous incomes are increasing. The price of fuel and food only effects the poor. The rich, earning $150,000 plus per year are not going to worry about fuel prices or that the price of prime steaks are going up in price.
I don’t know about you, but I am an avid watcher of Big Brother on Channel 10 and I recon this years group are the best so far.