fuel price lowered- so simple maybe

And who would reimburse the oil companies etc for their drop in profit margins ???

Seems like an easy solution, doesn't it.
Let's have a quick think. Just trucks ? What about professional fishermen? etc etc. The problem is that whenever markets are distorted, someone ends up paying the price.
Possibly less infrastructure would be planned. Un economic trucking companies would stay in the industry and it would do nothing for the environment or the development of cleaner and more sustainable fuels.

For example some Asian countries have subsidized fuel until recently. Removal of those subsidies have sent shock waves through their economies and some some cases people have rioted in the streets.

Can you imagine any diesel owner not rorting the system ? Do the words "black market" sound familiar?
Those are just a few late night thoughts. I'm sure that others will ramble less than I :))

All noble thoughts, BUT we have to support a way of life for our oil producing nations, see text and pics below

Sultan of Brunei's Private Airplane........

An Air Force Lt. General wrote:
'I toured this aircraft as it was being 'remodeled' in Waco, Texas.
Yes, the sinks are solid gold and one of them is Lalique crystal. The Sulton bought the aircraft brand new for roughly $100 Million dollars.
He had it flown to Waco from the Boeing
factory and had the interior completely removed. Then, he had the folks at E- Systems install $120 Million worth of improvements inside and outside.
I have gained entrance to nuclear weapons storage areas much easier than it was gaining entrance to see this airplane. While there it struck me . Maybe the rich really are different than the rest of us.

And we're paying for this through the price of oil!
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Not exactly $1.00/litre but in NZ anyway, diesel at the pump is cheaper than ULP...from memory on my recent trip, it was about 10c cheaper per litre. BUT...tax was not included and you have to pay for that and get a disc for your window, I think 6 months in advance. Now if you use the fuel for farming, fishing or I suppose transport, you get to pay a lot less tax. Don't know how much but it is a bit more realistic than here.

That would be a subsidy that we pay for..

Malaysia just cuts its fuel subsidy because it was costing the coutry US$ 20 bln per annum. A number of other countires have also followed the lead.

We should be happy for this because for as long as Asia subsidises prices for furel there will be no incentive for people and industry in those countries to modify their usage. The higher price has slowed demand for oil it is also encourgaging people to look to alternative sources.

I notice earlier you mention that oil companies set the price...this is not necessarily true. It is a freely trqaded commodity and those that want it, as distinct from those selling it, or the ones pushing the price higher as they move to secure supply.

Hi All

To my way of thinking, its just another way of having a go at the
Western World, a form of Terrorism, with out Blowing Up or
Shooting People, holding us to Ransom, they are dictating how we
live, knowing that they can put the Oil prices up as they wish, while
the Oil Rich Arabs live in luxury, and our Government exports Gas for
Peanuts, I worry about our Grand Kids and what the Future holds for them.

Cheers
Daza

AAAAAH stop the whinging you mob - YOU won't change anything except for your blood pressure and 'premature' date of death. Get on with life and enjoy yourselves, live your life according to your means.

Dont want to go showing my age here but when I was a lad fuel was a regulated industry and fuel companies had to apply to put up fuel prices and justify the case. If you didn't like it you didnt sell here and they will take lower profits rather than none.
There is not one industry that I have seen in my life that has been deregulated and not resulted in grossly increased costs to the consumer just look at banks. The govt tells us deregulation creates competition (BULLS@#T) it creates corruption and collusion and thats all. I know we cant go back but anyone that cant see that we are getting done over needs to wake up and smell the roses the world is round not flat.

It just shows how much some people know about world economics and how it works.

Why not lower our standard of living and then the government will have money to lower the fuel price....simple!

How are we going to lower the fuel prices of overseas based international carriers who ship imported products and produce into Australia?


I say samsgoneagain for PM...thank god it will never happen.