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Price of Oil is the highest it's ever been....


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Originally posted by Longcol

Prices being depressed before the election? How & by who?

 

This is of my own opinion based on what I see going on…

 

Originally posted by Longcol

Prices have come down to about $50 a barrel from $57 a barrel earlier in the month.

 

Quote taken from an Article from this source

 

SINGAPORE, Apr 15, 2005 (AP Online via COMTEX) --

 

Oil prices are roughly around 35 percent higher than a year ago despite a 14 percent dip in Nymex crude futures since reaching an intraday high above $58 a barrel last Monday - after the Paris-based International Energy Agency forecast slower demand growth in 2005.

 

 

Even at 35% have the cost been passed on yet?

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Originally posted by muddycoffee

If you have a farely new Diesel car it costs around £500 to have it adjusted so that it can run on biodeisel. In Germany this fuel is available widely at most petrol stations and is just everyday rape seed oil.

 

Properly made Biodiesel can be used for fuel in any diesel engine without modifications of any kind!

Taken from http://www.eugeneweb.com/~bios/biod.htm

 

From what I remember the only thing it does if it not "properly made" is that strips the plastic tubing carrying the fuel and it will eventually cause a leak if used constantly over a long peroid of time. I'm sure someone will put me right.

 

Can you tell me what this £500 modification entail?

 

Anyway, Sheffield has its own biofuel company.

http://www.booler-biofuel.o-f.com/who%20we%20are.htm

http://www.booler-biofuel.o-f.com/product.htm

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You can bet your bottom dollar the oil companies increase the pump price as soon as the price of oil goes up - don't think they bring it so quick when oil prices fall - hence record profits announced by some oil companies recently.

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Originally posted by John

Can you tell me what this £500 modification entail?

Hi John, I was told this when I was in Germany last month. It is what the people in that region pay typically. As the people I was with were not technical, they couldn't tell me anything about the procedure, other than they were going to do it on their new car when they bought one, and it wasn't worth doing it on their current decade old car.

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