Oil Prices

Is that supposed to be a wisecrack nuboy!

Did you wake up GRUMPY Shane??

Yeh ! But at the expense of continuing " let's get Shane this morning" if you can't relate to the Post, don't reply. No more bites from my end.

Which is why it is worthwhile to invest in oil companies

ahhh.. yes

If you can't beat 'em, join 'em.

I filled my car last week and it cost $160 to fill one. No Dramas though it should almost last the hole week!!!

Jeff M

You are living in dream world . In the 70's , Australia was a net importer of oil products , so we were paying world parity prices . Exploration in Australia was increasing and we would eventually become a net exporter only because the oil companies operated in an environment of world parity pricing and the profits justified the costs . The Labor governments which followed had exactly the same policy on parity pricing so I can't understand your gratuitous abuse of John Howard . Correct me if I am wrong , but wasn't it treasurer Keating who imposed the government duty on petrol ? I do know that Keating floated the idea of a similar duty on LPG . Nothing more was heard of that proposal , probably because it was realised that it is difficult to win an election when every taxi driver in the country hates you .

That's funny, I don't remeber ever dreaming about paying $1.30 + for fuel...

It would cost millions of dollers to drop the excise by 1c a litire and they have BILLIONS of dollars spare... Why not give it to the yanks in aid, they really need it... And that's not even starting on the state government taxs...

Oh yeah, you didn't explain the price descrpency betwen Perth and Bali...

BTW I like Costellos comments on how higher fuel prices will keep 4wd's off city streets with his smug slimey smile. You stick up for them, good on you.

Higher fuel prices are keeping my 4wd off the dirt not the city streets. The kids still need to get to school and the shopping has to be done, but we cancelled our trip to Kalbarri because we couldn't afford the fuel.

Here in UK (with a labour govt!!!???) we pay twicwe what you pay in Oz.

I read the other day that Indonesia, who subsidise fuel prices, are going to stop due to it sending govt. broke.

Yeh but you Poms can do 3 laps of your country on a tank full?

I think I can see the answer to our problems ; tell me who is selling Australian oil at $10 a barrel , I will buy it and sell it to Austalian refineries at $20 a barrel . Australia will have the cheapest fuel in the world and I will make a tidy profit .

This country is heading for a recession.

The recent 50% price increase in the retail price of petrol is about to start flowing through to Supermarkets in the price of goods.

Because of our atrocious rail freight and rail public transport infrastructure which has been allowed to fall into disrepair over the last 50 years, we have no choice but to rely on road transport to move freight and people.

With Cost of production (COP) directly related to fuel (diesel) prices for farm tractors etc, trucks to get produce every step of the way from farm to consumer, prices are about to skyrocket.

If you think the Howard Govt policies are making it hard already, sit back and get ready for a lot more pain till the next election, especiually in the next 12 months as the fuel increase ripple effect is felt.

We keep hearing and seeing a very smug Peter Costello brag about his economic wizardry and how he has masterfully generated a huge budget surplus.

Apart from giving high end wage earners a tax cut, what else is he proposing to do with all this money? Nothing. The surplus is being set aside for pre election pork barrelling and political advertising campaigns. The taxpayers who have paid for the surplus will get their tax dollars back in trinkets like patronising fridge magnets, newspaper and TV ads.

Medicare desperately needs more funds NOW. Without urgent funds, our helath system will rapidly end up like the US, which is frightening. (For those of us who've expereinced their system first hand, it is the stuff nightmares are made of) You pay if you are sick, you have insurance or you don't get treatment.

Any govt who sits on a huge surplus whilst ordinary people suffer, is one to be ashamed of and needs to be removed from power.

John HOWARD and his government is a disgrace. I am ashamed to have him as our leader.

No don't tell me - you voted for Latham .