OIL Crude dips below USD$34......


Status
Not open for further replies.
Dec 14, 2003
808
0
0
37
Toa Payoh
Visit site
#1
http://www.channelnewsasia.com/stories/afp_world_business/view/397577/1/.html

http://www.oil-price.net/

It has dip to a 40 year low......I am just hoping the Garment will lower some of the prices which is in direct contact with the fuel prices. I know it's not a immediate effect but I hoping by lowering it down will be a great benefit for the less fortunate/lower income people.

If they don't, it means they are earning more than before....now that the public transport has more people riding on it, it means more $$$$$....for them.

Although we see a 25% dip in next month's electricity bills but it's still a lot to pay for. Have been cutting down on the normal usage.....hope you all have done the same too.
 

kelccm

Senior Member
Mar 2, 2004
1,515
2
0
A village in a forest
#2
http://www.channelnewsasia.com/stories/afp_world_business/view/397577/1/.html

http://www.oil-price.net/

It has dip to a 40 year low......I am just hoping the Garment will lower some of the prices which is in direct contact with the fuel prices. I know it's not a immediate effect but I hoping by lowering it down will be a great benefit for the less fortunate/lower income people.

If they don't, it means they are earning more than before....now that the public transport has more people riding on it, it means more $$$$$....for them.

Although we see a 25% dip in next month's electricity bills but it's still a lot to pay for. Have been cutting down on the normal usage.....hope you all have done the same too.
Ummm, you mean 4 years low right:dunno:
 

dreaming

New Member
Oct 22, 2006
0
0
0
#4
fat hope!!! those arab countries will cut output citing low value of oil, depreciating the oil. what happen next, it will shoot up again. OPEC and them are in the same cahoot. they have reduce 2million rite?

another possibility is the US got no money to buy for storing or speculate.
 

V

vince123123

Guest
#5
Actually, there's no 25% dip; it was just reset back to near the price it was before the price hike.

http://www.channelnewsasia.com/stories/afp_world_business/view/397577/1/.html

http://www.oil-price.net/

It has dip to a 40 year low......I am just hoping the Garment will lower some of the prices which is in direct contact with the fuel prices. I know it's not a immediate effect but I hoping by lowering it down will be a great benefit for the less fortunate/lower income people.

If they don't, it means they are earning more than before....now that the public transport has more people riding on it, it means more $$$$$....for them.

Although we see a 25% dip in next month's electricity bills but it's still a lot to pay for. Have been cutting down on the normal usage.....hope you all have done the same too.
 

idor

Senior Member
Nov 11, 2004
666
0
0
42
Northern California
#6
fat hope!!! those arab countries will cut output citing low value of oil, depreciating the oil. what happen next, it will shoot up again. OPEC and them are in the same cahoot. they have reduce 2million rite?

another possibility is the US got no money to buy for storing or speculate.
Honestly, I wonder when OPEC decides to cut output will all its members comply with the regulations... not all members of OPEC are rich countries... some of them are actually pretty poor so they may even max their output regardless of what OPEC set just to get some extra pocket money... :) Also, 1 thing to remember... now its winter... usually in winter, the demand is not as great compared to summer months... Bottom line.. I hope the petrol prices drop the the price of 1999... I remember that time I just came to US and gasoline is like 89 cents a gallon... :angel:
 

#7
To expect oil related prices to fall quickly and by a noticable margin is really pushing your luck .... in other words FAT HOPES .... :bsmilie:

Usually the various governments and other "bodies" will cite different reasons for the slow and small trickle down effect ... By the time it hits consumers it would be minimal impact.

If you recall the number of price hikes at the gas pump, the taxi fares and the public transport ... where id the reduction when the Crude price falls ... There are again other reasons cited for maintaining these high transport prices ...

Haiz ... Easy to raise prices ... Difficult to see it come down.
 

idor

Senior Member
Nov 11, 2004
666
0
0
42
Northern California
#9
To expect oil related prices to fall quickly and by a noticable margin is really pushing your luck .... in other words FAT HOPES .... :bsmilie:

Usually the various governments and other "bodies" will cite different reasons for the slow and small trickle down effect ... By the time it hits consumers it would be minimal impact.

If you recall the number of price hikes at the gas pump, the taxi fares and the public transport ... where id the reduction when the Crude price falls ... There are again other reasons cited for maintaining these high transport prices ...

Haiz ... Easy to raise prices ... Difficult to see it come down.
Well said... and to add on to that... when people complain or cannot afford, various governments would say.. "we got to tighten our belts" :bsmilie::bsmilie:
 

Silence Sky

Deregistered
Sep 5, 2006
130
0
0
#11
To expect oil related prices to fall quickly and by a noticable margin is really pushing your luck .... in other words FAT HOPES .... :bsmilie:
Mr Lee Said: " You are luck if the electric tariff falls to level before the Oct."
So you are aleary very lucky.
 

Last edited:

Silence Sky

Deregistered
Sep 5, 2006
130
0
0
#12
Usually the various governments and other "bodies" will cite different reasons for the slow and small trickle down effect ... By the time it hits consumers it would be minimal impact.
This is called smoothing out the bumps and hikes.
We want to have predictable and stable prices, now you have it.
If tomorrow the Oil price goes up to $40, you will still pay the current price.
 

Last edited:

Silence Sky

Deregistered
Sep 5, 2006
130
0
0
#13
If you recall the number of price hikes at the gas pump, the taxi fares and the public transport ... where id the reduction when the Crude price falls ... There are again other reasons cited for maintaining these high transport prices ...

This is called value added services.
Petrol stations do not shine our tyre and clean your wind screen for free.
The GPS system telling you that your bus will be late is not free either.:)

You are not short changed, you are paying for the valuabe services.:)
 

MrJelly

New Member
Oct 28, 2008
260
0
0
#14
Mr Lee Said: " You are luck if the electric tariff falls to level before the Oct."
So you are aleary very lucky.
well that statement was made when nobody expected crude oil would go down below 34US$. Now the price does drop.
 

Silence Sky

Deregistered
Sep 5, 2006
130
0
0
#15
well that statement was made when nobody expected crude oil would go down below 34US$. Now the price does drop.
That statement was made when world oil speculators are winding up their long positions and OPEC is contemplating a major production cut. The whole world is expecting the Oil price to plummet.

By the way, check the date, it will tell you the Oil price is only $60+ when this statement is made. The oil price was USD$73.3 for the July-Sept electricity triff.
 

ianwurn

New Member
Jul 30, 2008
636
0
0
East
#18
u start lor.. MO for crude oil... let me know. i take 100 barrels if it drops till $25, and keep and wait until shoot up. den sell. :devil:

fat hope i guess.
You know any refiners that will do refining on the side ? MO crude not much use.... MO petrol or power got ?

Haha.... idea hor ? :sweatsm:
 

glennyong

Senior Member
May 2, 2004
5,587
0
0
Singapore
#20
You know any refiners that will do refining on the side ? MO crude not much use.... MO petrol or power got ?

Haha.... idea hor ? :sweatsm:
singapore got shell and exxon what... chevaron texaco counted ?

i have a friend in exxon.... hahahahahhhaahhahahhahahhah

buy also can. where to keep ?! :bsmilie::bsmilie:
 

Status
Not open for further replies.