MM wrote:

oil will soon become so exorbitant a luxury that the government will
have a real crisis on its hands.
With diesel now hitting 115 to 120p/l and petrol about 6p lower there is
going to be an helluva a pressure upwards on prices for everything. I hope
they are thinking about it, they "delayed" the 2p/l duty hike on road
fuels due on 1st April in the budget but it's going to take more than that
to ease the pressure.

When we installed an oil fired Stanley around 1997 our first fill of oil
was 9.5p p/l around a £110 for the tankfill!! so that makes 550% increase
in 11 years **** me that's hyperinflation!

Yep, and one of the neighbours said to me recently they'd just filled
their tank at 50p a litre and the driver said the industry reckoned it
would be a pound a litre by 2009. The drivers fear for their jobs as
customers drop oil heating like a hot potato. Competition won't cut
it, because the price is largely due to the weak dollar and Opec
refusing to pump any more.


All fuels are rising and keeping in step. Coal maybe not. Gas certainly.
Except Uranium of course.


At some point that will, if enough reactors are built, cap electrity
whilst fossil fuel stations are slowly shut down.

Its not really an OPEC issue, its more a dollar issue. Sadly our
mortgage market is in as nearly a bad shape so the pound is tracking the
dollar down.

MM