Taxi Driver Online

Well there is a large fuel tax protest heading for holyrood in edinburgh tommorow morning leaving strathclyde park at 10am and have been told there is quite a few taxi companies joining in the convoy ,and told glasgow taxis and private hire will be there. well i will be there as with few of my drivers in support with banners and bull horn. After all it effects us all private hire and hackney,s. see you there i hope be at the park for 9am .

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Well, this should be interesting.
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All animals are equal but some animals are more equal than others.
George Orwell, "Animal Farm"

Folks can protest until the sun goes down, but the fact remains that slowly but surely we're running out of Oil.

Even if the Government cut the duty on fuel, Oil's going up and up and up. When it reaches $200 a barrel, even with a 50% reduction in fuel duty (which will never happen) it would still be over a £1.50 a litre, and what do we do then?

I say get used to it, Oil's a finite resource, and it won't last forever, I just hope I'm long gone when it does as the world won't be a pretty place then.

Who knows, some manufacturers might even spend some time developing some proper hydrogen or electric vehicles, and the power suppliers might actually get a move on with some more Nuclear and wind solutions.
As usual it will take a crisis before anyone reacts.

Protest after protest won't generate more Oil, you'll have to wait a few million years for that.

It costs Saudi Arabia two dollars to produce a barrel of oil. The problem with this country is that the Government see fuel as a convenient way of raising tax revenue and there lies the problem. There is no reason why the Government couldn't redistribute the tax burden fairly as they do in most other countries. The UK has the highest fuel prices in the world and probably the highest domestic gas and electricity prices.

If governments couldn't find an alternative to oil in the past what chance have they got in the future?

I'm not convinced your assumption that oil is running out is actually correct because I've read articles that say the exact opposite. Oil will eventually run out that is obvious but why has no Government ever invested the funds in discovering alternative sources of energy to replace the reliance on oil?

Regards

JD

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The high price of crude is down to the simple fact that demand is outstripping supply. The world simply isn't producing enough oil. Speculators are driving the price up as well. Places like China and India heavily subsidise the price of fuel at the pumps to promote economic growth, unlike our government who tax it to the hilt.

The oil isn't going to run out tomorrow but unless the planet uses less than it can produce, prices will continue to rise.

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

Demand will always outstrip supply when you have a cartel intent on restricting output. In this country the price of oil is not so much of a problem it is the tax this Governments levies on fuel that creates the problem.



That is by design and not because there is an immediate danger of oil running out.



Speculators are the main driving force behind these oil increases but it is the tax levied by the Government that is the main ingredient to our fuel price hike.

Regards

JD

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High rates of duty and VAT are making things worse but they are hardly a new phenomenon for this country.
Global supply, or the lack of it, and speculation are the main causes of the increases we have seen in the last few months.

I think there has also been a bit of profit hiking on the forecourts

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Opec said today, "there is ample supply of oil in the market and they there is no need to increase production". Opec members supply two out of every five barrels of oil that comes out of the ground.

Regards

JD

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Protests are not going to affect the speculators who are pushing up the price of oil the best way to bring prices down is to stop using it

A much better idea idea is to get vehicle manufacturers to concentrate all their R & D efforts into producing non oil burning vehicles there are very few alternatives out there yet and most electric cars are little runabouts we need bigger saloon cars minibuses able to run with Hybrid drives or other less expensive fuels

Sorry JD but that is absolute twaddle. It's easy to be misled by all the word-w@nk that goes on. For the last two years, SA (Saudi Arabia) has repeatedly promised to increase supply, or increase supply capacity, etc etc, but actually not managed to increase production at all. In fact, since 1970 (when the USA hit peak production), SA was the world's "swing producer", that adjusted production in order to maintain a stable price. They are now going flat out as there is no more spare capacity in world production.

The number of rigs drilling in SA has shot up as they are now having to exploit smaller finds to compensate for the loss of flow from the major fields:


Source: http://www.theoildrum.com/node/2325

According to the likes of T-Boone-Pickens, speculation is only contributing towards about 10% of the price. Speculation wouldn't exist at all if there wasn't an underlying trend of demand beginning to outstrip supply.

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Next time you wave, use all your fingers.

They would say that, because that's all they can say. It would be political suicide for them to announce they cannot increase production.

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Next time you wave, use all your fingers.

I agree. It's just opec "spin".
If they had spare capacity, they would be using it.
They are squeezing every last bucketfull out of old fields up here.

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

So do Jason and Gus agree that oil production has reached a peak? If so have either of you an opinion when oil might run out?

I've read various articles on oil peaking followed by a gradual decline but none have stated that such a time is "here and now". If production is at a maximum and cannot be increased then one would assume that the next logical step is a flattening out process followed by a decline in production? Would that be right?

I have another quandary, if oil is to run out in the next 50 or 60 years then the UK Government won't have anything to tax, so from which sector of society will they recoup their losses?

One more quandary, considering part of the 40 billion pounds collected in motoring related taxes each year of which part goes to subsidising the health service and several other sectors, does anyone think that only those who use the health service, should pay for it?

Regards

JD

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Looks like you will need to form your own political party if you want to privatise the health service because all the major parties are committed to keeping it going.
I am of the oppinion that all health care should be free at source. The drug companies need more monitoring to ensure that the prices they charge for drugs is kept in check.

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Grandad,

I'm not advocating privatising the health service, I'm merely posing the question "where is the lost tax revenue going to come from when there is no more fuel to tax"? Apart from general income tax Motorists are probably the largest single contributor to the exchequer.

According to the RAC over 42 billion pounds is collected from motorists each year with only 6 billion spent on roads.

Back in 1985 the standard income tax rate was 29% and before 1985 it was 30%. I suppose someone might inform me that in 1980 a litre of petrol before tax was only 15p and that if the price of petrol had increased by the rate of inflation since 1980 then todays price would only be 39p.

A 2005 Esso report stated that, in the UK both pre-tax fuel prices and gross margins are amongst the lowest in Europe but when Government taxes are added pump prices soar to the highest in Europe.

The cost of oil is not the problem, Tax is the problem but when there is no more fuel to tax what will the Government do then?

Regards

JD

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