We had some really great threads last year, with the following four nominated for the Thread of the Year award in this January's Environment Site Awards ceremony.
Fossil Fuels and Peak Oil ForumRestore human legs as a means of travel. Pedestrians rely on food for fuel and need no special parking facilities - Lewis Mumford
But it'll take a while for the prices to be passed on to the consumer. Forgive me and hello, this is my second post. If the fuel's bought in bulk, why does it shoot up and only drip down in cost? I've never understood that - is it something to do with the economics, or just because people can?
Hi I think the price drops are a sign of weakening demand as much as anything. The global economy is in a mess so people simply can't afford the fuel any more.
- “We’re being hit by the double whammy of high costs and a weakening economy. This is worrying news for jobs in the domestic alcohol manufacturers in particular and for the traditional high-employment retail sector.”
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This chaos is killing me. - And I want to be free. Don't you want to be free?
The price of oil has lost more than 37 percent since it peaked in early July at $145.29 a barrel because of slowing economic growth and falling consumption in Western economies. The drop accelerated on Monday after Wall Street suffered its worst day since 2001, and Lehman Brothers filed for bankruptcy protection.
As the economic picture darkens, the outlook for oil consumption is worsening. The OPEC cartel, which accounts for about 40 percent of the world's oil, on Tuesday lowered its forecast for oil demand this year because of slowing economic growth.
"The weakening economic situation has been reflected in a slowdown in world oil demand growth," the Organization of the Petroleum Exporting Countries said in its monthly market report.
- So, it is not that we are actually consuming any less; it is only that thedemandgrowth is slowing down.
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This chaos is killing me. - And I want to be free. Don't you want to be free?
Saw some for 104pence per litre today. Should be back under £1 again before too long I should think.
I heard on the news today that some outlets have dropped prices to sub £1/litre.
I have a Tesco 5p/l off cupon, so even if they are still at £1.04.......
I think the price drops are a sign of weakening demand as much as anything. The global economy is in a mess so people simply can't afford the fuel any more.
- “We’re being hit by the double whammy of high costs and a weakening economy. This is worrying news for jobs in the domestic alcohol manufacturers in particular and for the traditional high-employment retail sector.”
- So, it is not that we are actually consuming any less; it is only that the demand growth is slowing down.
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