Oil Price Watch

[Silhillvilla]

Oil prices up at a 4 year high , $77 barrel .
Here we go again , the cartel pushing hikes based on Iran fears now .
No doubt forecourt prices will instantly rise

 

[mike_field]

Funny how some countries will now directly benefit isn't it....hmmmm.

 

[Silhillvilla]

Always the same Mike . Yet when prices fall it never matches it in the forecourt

 

[mike_field]

Same for everything these days isn't it - gotta pay those bonuses and shareholders first!

 

[BodyButter]

Good stuff. High oil prices are good for the economy here.

It looks like oil isn't dead yet.

During the last crash there was talk of $10 oil. I was waiting to buy at $20 but it never got there.

 

[Pride of Lions]

I'd noticed fuel prices creeping up over the last two or three weeks

 

[HeathfieldRoad1874]

Many Americans are already moaning because it has crept above $3.00 a gallon!!! They don't know how lucky they are.

 

[Villan Of The North]

Have I mentioned that we expect to take delivery of our shiney new Tesla Model X at the end of next month?

 

[HeathfieldRoad1874]

Have I mentioned that we expect to take delivery of our shiney new Tesla Model X at the end of next month?

I think I speak for us all when I say

 

[Villan Of The North]

 

[Silhillvilla]

Have I mentioned that we expect to take delivery of our shiney new Tesla Model X at the end of next month?

Tesla will be bankrupt soon , losing millions of pounds a week.
Anyway filled up today at a supermarket, £1.23 a litre FFS !!

 

[Villan Of The North]

And yet the company value contunues to increase. Yes they are losing money but do you understand why? They are building new factories and other facilities, continiually expanding. If they were to overreach themselves it might be a problem but they are underwritten by billions so losing millions in the short term in order to increase production capacity is not only perfectly normal practice, it's good practice, it's called a long term investment strategy.