A
Arfa Daily
Guest
"Jeff Liebermann" <jeffl@cruzio.com> wrote in message
news:c4knf49bf9j21aqu2dtdafura8eo3sut1h@4ax.com...
at a fixed tariff - how come they are managing to put the price of petrol
back down now ? Conspiracy theory, or not, it seems that everyone who has
financial control over our lives, makes sure that everything is on their
side under all circumstances, and it is in the government's interests to let
them do so, because of the tax revenue they collect. Whenever the base bank
rate goes up, all my bank borrowing - especially my home loan - goes up
overnight by at least as much as the bank rate has gone up, and usuall more.
Likewise petrol, when the oil rate goes up. But when base rates and oil go
back down ? We're still waiting three - four - five months later to get a
reduction of half what it went up by. The cost of heating and lighting our
homes - especially this side of the pond - has been hiked to levels
bordering on insane, and someone, somewhere, must have an agenda that is
keeping it so ...
Arfa
--
news:c4knf49bf9j21aqu2dtdafura8eo3sut1h@4ax.com...
I'm not sure that the OPEC countries would allow them to buy that far aheadOn Mon, 20 Oct 2008 00:55:50 +0100, "Arfa Daily"
arfa.daily@ntlworld.com> wrote:
Since the power and gas utility companies told us
that the 30% hikes in the retail prices of their products were due to the
wholesale cost to them being based on the price of oil, now that this has
come back down to a 5 year low at around $62 a barrel, why are the
companies
not now re-cutting our bills by 30% ? Either their prices, and hence ours,
*are* based on the price of oil, or they're not. They can't have it both
ways.
Power companies buy fuel with long term contracts. If they negotiated
a 5 year contract for a fixed price when the price of fuel was high,
because they were afraid they wouldn't be able to get it at any price,
then their costs will remain high for 5 years. This happens every few
years and makes a great conspiracy theory for market manipulation by
suppliers.
Well, if that's the case - and with the price of crude being so variable,
at a fixed tariff - how come they are managing to put the price of petrol
back down now ? Conspiracy theory, or not, it seems that everyone who has
financial control over our lives, makes sure that everything is on their
side under all circumstances, and it is in the government's interests to let
them do so, because of the tax revenue they collect. Whenever the base bank
rate goes up, all my bank borrowing - especially my home loan - goes up
overnight by at least as much as the bank rate has gone up, and usuall more.
Likewise petrol, when the oil rate goes up. But when base rates and oil go
back down ? We're still waiting three - four - five months later to get a
reduction of half what it went up by. The cost of heating and lighting our
homes - especially this side of the pond - has been hiked to levels
bordering on insane, and someone, somewhere, must have an agenda that is
keeping it so ...
Arfa
--
Jeff Liebermann jeffl@cruzio.com
150 Felker St #D http://www.LearnByDestroying.com
Santa Cruz CA 95060 http://802.11junk.com
Skype: JeffLiebermann AE6KS 831-336-2558