View Single Post
Old 27-02-2022, 10:14 AM   #1209
jpd80
FF.Com.Au Hardcore
 
jpd80's Avatar
 
Join Date: Jan 2010
Posts: 11,178
Valued Contributor: For members whose non technical contributions are worthy of recognition. - Issue reason: Thoughtful contributions to our community 
Default Re: Petrol Price crisis......

Oil companies are testing the market to see if people will tolerate +$100/barrell by keeping oil prices tight,
they know that the US has restricted new oil fields and causing a big shortfall in US production, forcing
them to buy up any free oil on the markets, that in turn forces up OPEC and Brent oil prices.

I know it may be nonsense but pursuing E85 and sunflower/rapeseed oil for diesels may be a way of easing prices
and the amount of petro dollars going out of our economy,. Perhaps natural gas to methanol or Butanol
are also other possible avenues now open with high prices
jpd80 is online now   Reply With Quote
This user likes this post: