fuel prices will drop below 90 cents per litre !

Submitted: Monday, Jan 23, 2006 at 16:29
ThreadID: 30020 Views:1771 Replies:4 FollowUps:3
This Thread has been Archived
While searching for the price of fuel in 2002 for another post, I came across this little gem.

"Iraq potentially supplies something like 10.9 per cent of the world's oil. That is a very substantial proportion of the world's oil reserves. In the event of sanctions eventually being lifted, I think the market expectation would be a reduction in global oil prices." - Mr Downer 2002

Foreign Affairs: Oil Prices

Well, the sanctions have been lifted. I am still waiting for my cheaper fuel.

R.

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Reply By: macca172 - Monday, Jan 23, 2006 at 16:39

Monday, Jan 23, 2006 at 16:39
Smoke and mirrors by Australia's best horse trader!
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Follow Up By: Vince NSW - Monday, Jan 23, 2006 at 17:21

Monday, Jan 23, 2006 at 17:21
"Australia's Best" that's giving credit where it is not called for
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Reply By: Nudenut - Monday, Jan 23, 2006 at 18:31

Monday, Jan 23, 2006 at 18:31
gasp gasp gasp ...i'm still holding my breathe...
AnswerID: 150366

Reply By: Member - ROTORD - Monday, Jan 23, 2006 at 19:54

Monday, Jan 23, 2006 at 19:54
The sanctions have been lifted and Iraq could be rebuilding their oil industry and exporting oil . World prices would drop and the Iraq would be wealthy . Exept , of course they murder necessary foreign oil workers and blow up their own oil pipe lines . My best wishes to the sane and decent Iraqis who are trying to cope .
AnswerID: 150400

Follow Up By: Pterosaur - Monday, Jan 23, 2006 at 22:37

Monday, Jan 23, 2006 at 22:37
Yes, pretty hard to cope with an invader and foreign occupation !
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Follow Up By: robak (QLD) - Tuesday, Jan 24, 2006 at 10:48

Tuesday, Jan 24, 2006 at 10:48
Rotord,

Whether or not Iraq is pumping out more oil under Bush then under Saddam is a question we might never know the answer to.

What the text shows however, is that in 2002 our dear minister said that the ACCC doesn't need special powers to freeze petrol prices, like in Gulf War 1, becauses prices will soon drop anyway.

The sad thing is that hey spent most of the time of this question on whether or not one could object to the irrelevence of the answer, and we pay them for this.

R.
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Reply By: Exploder - Monday, Jan 23, 2006 at 20:32

Monday, Jan 23, 2006 at 20:32
Didn’t know it was Friday.

So…..
A man walked into a Bar and it hurt. LOL

But gee it would be nice to see 90cpl.
AnswerID: 150414

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