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OPEC cuts oil production by 1.5 mil barrels a day!

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Old 24-10-2008, 09:43 AM
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Physio
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Default OPEC cuts oil production by 1.5 mil barrels a day!
Does this mean petrol prices will be going up again soon then?

http://news.sky.com/skynews/Home/Bus..._In_Fuel_Costs
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Old 24-10-2008, 09:48 AM
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It was mentioned this morning AJ on the news that prices are expected to rise again
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Old 24-10-2008, 09:58 AM
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Originally Posted by CossieRich
It was mentioned this morning AJ on the news that prices are expected to rise again
Good times ROFL
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Old 24-10-2008, 09:59 AM
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anychance of someone posting some good news this morning
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Old 24-10-2008, 10:20 AM
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Isn't it great having a business where you can actually reduce productivity to increase profits
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Old 24-10-2008, 10:23 AM
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Originally Posted by Tony S Mannock
Isn't it great having a business where you can actually reduce productivity to increase profits
You mean the worlds largest collection of organised criminals operating under a thin veil of alleged honesty
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Old 24-10-2008, 10:43 AM
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Originally Posted by The Diva
You mean the worlds largest collection of organised criminals operating under a thin veil of alleged honesty
so true, and should be illegal what they are doing
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Old 24-10-2008, 10:52 AM
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Kamike
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So am i right in saying that just as petrol prices have started to go down the oil company is producing less oil which will eventually mean petrol prices will go back up?
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Old 24-10-2008, 10:53 AM
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Rob84
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Originally Posted by Kamike
So am i right in saying that just as petrol prices have started to go down the oil company is producing less oil which will eventually mean petrol prices will go back up?
yup, as the oil companies have to spend more to keep up with production demands which means the extra cost gets passed on through to the end customer
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Old 24-10-2008, 10:54 AM
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Kamike
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Great!!!
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Old 24-10-2008, 12:40 PM
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i'd call them dirty cheating arabs, but some of them aren't
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