Fuel costing more than we think, as if we need that!!

Trevor.

I guess what company supplies the pumps and who regulates them , as you say who is responsible?, could be a touchy issue?

Axle

It's amazing what a few cases of beer will do for these guys who test the servos

Gilbarco just sell and install pumps, I think it's weight and measures that look after the final calibration.

I AGREE !!!! why take notice of this outlandish crap they carry on with and its to no avail to any fairdinkum aussie worker any way?.

Not a good time for shares in any of these oil companies as the worlds fuel is now depleating at a quicker rate than it has got to where we are now........We are now on the decline of the worlds oil. We got to half way at the begining of this year and although it has taken over 80 years to get to half way there is now more and more machines reliant upon oil than the first 80 years so Dr Karl Kruziniski and his collegues have esimated we have 30 years worth of oil left.......... start looking at puting those dollars into some other energy shares........

The counter arguement is that as oil becomes scarcer it will be worth more . So long as the cost of production doesn't rise too much , now is the perfect time to invest in oil . Or even better , invest in oil companies that are diversified into other forms of energy also . Woodside with oil and gas is good , so is BHPBilliton with oil and coal .

"The counter arguement is that as oil becomes scarcer it will be worth more"

Yes both good points, I was having a chat to my Biodiesel supplier the other day about this concept. He seems to beleive that investing for the future is much more complicated than most think. He's kind of extreme, but does have some valid points, even down to the property market.

Perth for example has a massive urban sprawl going on at the moment, houses that were "in the sticks" are now considered close to the city. However he beleives that this will begin to go the other way, houses further from the city will de value as fuel costs sky rocket and they will appear further away once more.

It's an interesting concept.

He also beleives that you must be careful investing in oil dependant companies such as airlines, freight companies etc. These are the companies that are really going to hurt in 10-20 years time. If you're investing for your retirement 10-20 years is not exactly that long term. (well not for me anyway!! LOL)

We are deffinatally heading downhill on the oil supplies, me the only mineral oil I'm using in the surf is the stuff I put in the engine and gearbox! Even then there are fully synthetics to get around that. I'm also currently burning my old engine oil mixed with Biodiesel. I put about 9L (what comes out at service) into 200L of BD and there is no noticable difference to smoke, smell or performance. Hey, it pays for the oil filter and I don't have to try and dispose of it! ;-)

Apparently there's heaps of oil and new extraction methods will make it easier and cheaper to extract. The scare mongering that goes on is just amazing.

Bout 2yrs ago I posted about filling up at the local Woolies servo and managing to fill an 80lt petrol tank that the fuel gauge was still reading at better than 1/4 full with 105lt , when I pointed out the facts to the servo manager he just shrugged it off as one of those things , thing is the same servo was shut for the next 2 days and all pumps supposedly recalibrated , Im absolutly still adamant that the 2 major players in the so called fuel discount for shopper dockets up the price by their 4c "discount" and manipulate the pumps to give "short " measure.

I fill 20ltr drums with diesel every day , and use various servos, sometimes i think they are a tad low when it registers the 20ltr.

Hey Rokkitt,

Coming back from the Kimberley last year, mate filled up at Woolies voucher stop in Alice and put 38ltrs in his GU, and later at Hawker I put 58ltrs in my LPG tank before it was emptied, that tank only ever holds 50ltrs from bone dry. Unfortunately it happens all to often, I approached them at Hawker and their response was we have just had it calibrated.. (BY who and with what was my question)

My Blue,

To Day To night!!

Nearly had it!

Cheers Axle