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Get ready for another round of fuel hike..most prob within 1 week..

Shull

By Shull,
in General Car Discussion

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Gantan88

Gantan88

Clutched
Why should they wanna stop themselves from earning?? Muz remember tat even though this is a country but its run like a business

 

Understand this logic. But i dun recall much if the govt has even brought up this topic to discuss and address it before. They can talk about low birth rates and aging population and devise complex calculation and change the CPF SA to have floating rate interest. But they didnt touch much on this petrol thing? Dunno what strategy they are adopting...

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Gantan88

Gantan88

Clutched

as per my earlier post, the gharmen address other issues, come out with a solution that pacify the ppl, but i see no effort put in by gharmen regarding this petrol thing.

 

i vaguely recalled LSL said something like "..... the lower car price and coe in the recent years enable more ppl to own car......."

 

My FOOT!

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Skyw4lker

Skyw4lker

Clutched
why are they(petrol companies in singapore) still increasing fuel prices?

 

i feel they're getting out of hand (but we can't do much unsure.gif ). simply increasing although there's no real need.

 

welcome to singapore, the business country of asia..uniquely singapore

got $ got talk ok laugh.gif

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Beei

Beei

1st Gear

We are very poor (drivers).

 

There wasn't a time when people think that the price of petrol would not increase, so it did.

There wasn't a time when RON 92 become expensive for us to pay for it, so it did.

We pay for fuel, so expensive. Reaching out together, our pocket had no money.

 

Chorus 1:

We had ERP. And it's increasing. We have COE. It's not funny.

I told my family. I had no money. We are very poor, very poor indeed.

 

Very poor, our people, its what we have become.

All of us united, and end up paying more.

We pay so much together, but the price's still increasing.

Very poor forever, nation for elite and rich. (Repeat Chorus 1)

[/color]

Sing the poor driver pledge:

We, member of the ...

 

 

Chorus 2:

We are very poor, we are very poor

We will stand together, see fuel price increasing

 

We are very poor, we are very poor

We're a sucker strong and rich forevermore

[/size]

(Repeat Chorus 1 and 2)

We are very poor, very poor indeed (X 2)

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Apollo

Apollo

1st Gear
y doesnt the gharmen step in and do something... unimpressed.gif

 

do what? not say they neber do anything, they just paid themselves 2 months YE bonus.. u want them to get more?

 

ok.. u write to ng eng hen, he can bring the price of oil down. mebbe even medicated oil.. or sewing machine oil.

 

see him do it first.. then we talk petrol.

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Ahyoo2002

Ahyoo2002

2nd Gear

Oil dips below $90 a barrel

 

Prices fall ahead of OPEC meeting, where many expect the oil cartel to increase supplies.

November 30 2007: 10:31 AM EST

 

BANGKOK, Thailand (AP) -- Oil prices fell Friday on expectations that OPEC will decide to increase output at its meeting next week and as concerns of a supply disruption from a U.S. pipeline fire abated.

 

Light, sweet crude for January delivery fell $1.85 to $89.16 a barrel in electronic trading on the New York Mercantile Exchange by mid-afternoon in Europe. On Thursday, the crude contract gained 39 cents to settle at $91.01 a barrel in choppy trade.

 

In London, January Brent crude dropped $1.41 to $88.81 a barrel on the ICE Futures exchange.

 

Oil prices have tumbled this week amid speculation that supplies are rising and a slowdown in U.S. growth will undercut energy demand.

 

"If the price drops below $90, the correction process will no doubt accelerate rapidly, making a level of $80 a barrel quite likely in the next few weeks," said Commerzbank analyst Eugen Weinberg in Frankfurt.

 

The fire along the oil conduit from Canada to the Midwest caused a spike above $95 a barrel Thursday - and renewed speculation that oil was as back on its way to $100. But by the end of New York floor trading it was clear most of the network was quickly returned to service and that the fire-damaged section was expected to be back up in days.

 

An offer by the U.S. government to release oil from the Strategic Petroleum Reserve, if needed, also helped calm markets.

 

Traders are likely to return their focus to an OPEC meeting on Wednesday in Abu Dhabi, where the 12-member cartel is expected to decide whether to increase production. Several ministers of the Organization of Petroleum Exporting Countries have said in recent days that the group is ready to boost output to bring prices down.

 

"[OPEC] previously agreed to increase output by 500,000 barrels per day from Nov. 1," Vienna's PVM Oil Associates said in a research note. "According to a tanker-tracker agency, OPEC exports are expected to rise by around 480,000 barrels per day in the four weeks leading up to Dec. 15, which is in line with the group's decision."

 

Investors were also digesting Thursday's news that the White House cut its forecast for U.S. economic growth for next year and that housing prices dropped in the third quarter for the first time in 13 years.

 

Other analysts have pointed out, though, that the increasing expectation that the U.S. Federal Reserve will cut its key interest rate for a third time this year next month will likely depress the U.S. dollar, which could provide some support to oil. Crude futures offer a hedge against a weak dollar, because their price tends to rise when the U.S. currency is falling.

 

The fire late Wednesday along the Enbridge Energy Partners (Charts, Fortune 500) Lakehead pipeline in northern Minnesota, which carries crude oil from Saskatchewan province in Canada to the Chicago area, killed two repair workers.

 

The network consists of four separate conduits, and after the fire, all were shut down. But three of the lines carrying a total of about 1.4 million barrels of crude a day were restarted by the end of Thursday, according to the company. And the fire-damaged pipe, which can carry 420,000 barrels of crude a day, could be repaired and returned to service within two or three days, the company said.

 

The four pipelines together normally carry about 16 percent of U.S. crude imports and 8.3 percent of total domestic oil consumption.

 

Nymex heating oil futures fell 4.05 cents to $2.5366 a gallon (3.8 liters) while gasoline prices dipped 3.58 cents to $2.2290 a gallon. Natural gas futures rose 4.3 cents to $7.495 per 1,000 cubic fee

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