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Topic: Fuel prices hitting an eight year high - page 12. (Read 3994 times)

legendary
Activity: 2338
Merit: 1124
November 03, 2021, 01:53:22 PM
This pandemic became the biggest challenge in the fuel industry most especially during the early year it has been on. During the first year of the crisis, the fuel industry didn't have much profit because of limited travels due to restrictions as a safety protocol. Hence, the fuels were just stocked up. When we apply the law of supply and demand, during that time, the demand was very little and the supply is high, giving a cheap price to fuels.
It was expected for the fuel industry to get back to normal. After all we are talking about something that is basically just a situation where there is a huge demand which makes it worthy to make it work and then supply will reach anyway. If there is a money to be made at something then people will do it, everyone keeps doing it and that is called business. If there is so much fuel need in the world, even with pandemic causing such a big break and problem for them, eventually oil industry worked on it and cover all that need.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
November 03, 2021, 12:30:58 AM
I read this report, of course. Want to sound smart again? Well ok, let's prove the opposite again, if you like it Smiley-

Rather than copy-pasting and rephrasing whole lines from Wikipedia which might get into trouble let's stick with the basics, the only part of your post that was genuinely written by you and not research made at the last minute:

Cancer is one of the areas of cancer associated with malignant neoplasms

So, can you explain how cancer is one of the areas of cancer?  Grin
Please enlighten us, Doc!

Meanwhile, I have some bad news for you and your eco-terrorist friends.
Not only will Romania complete its two nuclear reactors but it will also build 12 mini reactors with NuScale.

Poeple are starting to understand that there is only one scalable source of energy that can generate power 24/7 at low costs.
One winter with thousands dying from cold and the 50 cents per kWh and I have a feeling Germany will take on China's lead about coal pretty soon. Oh wait...




legendary
Activity: 3752
Merit: 1864
November 02, 2021, 05:14:31 PM
....


I read this report, of course. Want to sound smart again? Well ok, let's prove the opposite again, if you like it Smiley

1. Research concerned ONLY research on cancer (or malignant neoplasms) of the thyroid gland. This disease is directly related to damage by iodine isotopes. For general development, it is a short-lived isotope. Accordingly, the impact was not long-lasting, although quite strong. This is just one of the groups of victims whose manifestations began later. The splash shows it. There is a question to this report - from what sources were the data on the defeat of the population taken, from the infected areas, if in the USSR all this information was always hidden, or distorted. Let me remind you that the USSR was a very disgusting state, in Kiev, after the Chernobyl disaster, when radioactive ash was imperceptibly falling on the city, the state forced everyone to go to a mass demonstration dedicated to May 1 .... Well, ok. They took it somewhere, the statistics of the lesion is there, the growth of the disease is visible. The decline is characterized by a "short" period of the life of the isotope of iodine, and, accordingly, a limited time of injury.

2. The accident also resulted in: the release into the environment of radioactive substances, including isotopes of uranium, plutonium, iodine-131 (half-life - 8 days, discussed above), cesium-134 (half-life - 2 years), cesium-137 (half-life - 30 years), strontium-90 (half-life - 28.8 years).
But these "gifts", irradiated people for a longer time. Is there a report about this somewhere? Although I’ll be honest, don’t.
A noticeable, systemic growth, of various kinds of oncological diseases, in the population of Ukraine (I will not say about other countries, I have not studied, I do not have information), is quite noticeable. For example, breast cancer is a surge in a decade and a half, after an accident - an increase of 2-4 times.
Melanoma of the skin - growth after the accident 25% -45%
Continue ? There is also lung cancer, brain cancer, ... This is all also with an increase in manifestations.

3. And a little about chemistry. We have heard about iodine. What can you say about Cesium-137? In short, a quiet, inconspicuous killer. This isotope affects quite large areas to this day. Half-life is 30 years. So, until 2016, he was slowly killing people, giving rise to new foci of malignant neoplasms in them.
If we return to the topic, then, frankly speaking, it makes no difference to me, and I will be against any pollution, be it the consequences of burning coal, be it the risks of nuclear energy, everything is bad, everything kills. But trying to "blur" the eyes and prove the "safety" of nuclear energy will not work, there are facts confirming the danger, especially in the modern world. I repeat once again - it is extremely stupid to try to choose "the best of two piles of shit", in the end, whatever you choose, there will be shit. So it is here - both options are dangerous, and there is no need to hush up and pretend that the "shit" atomic is better

Ah .. well, yes, what is the life of people dying of cancer, if someone is cold in Europe !?

PS "One monopoly....you went from neoplasms to pleonasms.This definitely wasn't your best weeks around here." - Sorry, but the question is - do you have some kind of complexes? Smiley Do you want to show off your mind at every opportunity? Smiley No, it doesn't work! Smiley
Ucy
sr. member
Activity: 2674
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November 02, 2021, 05:02:44 AM
Making use of other forms of energy is the only way through which the price can come into control.


Ofcourse, but if the alternatives are not local and abundant in supply, high demand could still cause their prices to increase.
I think focusing more on local energy sources that individuals could easily produce themselves can help in reducing the current and future price increase. That's part of the solution actually
sr. member
Activity: 2436
Merit: 455
November 02, 2021, 04:05:38 AM
Fuel prices have skyrocketed in the past few months, on a worldwide scale. Here in Greece, the average price per liter for 95 Unleaded petrol is €1.75, while for diesel it's approximately €1.45. A huge surge is also expected, in the soon-to-be launched season of heating gas oil, which is expected to start within the next few weeks, with a rumored price of at least €1.10/liter.

I've read that this spike in prices is triggered by an increase in price per barrel, due to oil companies worrying about the pandemic, while their production is limited compared to the higher demand. Have you heard anything relative? What's causing this surge in prices, could it be a one-off thing which lasts a couple of months at most?

What's the average cost of petrol/diesel in your country? Share your thoughts on what exactly is causing this crisis, which is also spiking electricity costs up, increasing the budget for the average household.

Sources:
https://www.bruegel.org/2021/09/is-europes-gas-and-electricity-price-surge-a-one-off/
https://www.bbc.com/news/business-58718148

This pandemic became the biggest challenge in the fuel industry most especially during the early year it has been on. During the first year of the crisis, the fuel industry didn't have much profit because of limited travels due to restrictions as a safety protocol. Hence, the fuels were just stocked up. When we apply the law of supply and demand, during that time, the demand was very little and the supply is high, giving a cheap price to fuels.

However, as of today, the operations are almost already back to normal. The transportation and travel restrictions are at ease now. The high demand for fuel is back and the fuel industry definitely wants that. Now, what they are doing is just maintaining the production and not really increasing it to spike the price as well. Since they have to make profits and gain back what they have lost during the darkest times since the pandemic started.

Market volatility really plays a great role. Aside from this, we all  know that fossil fuel is really expensive because of the fact that it is made out of a non-renewable source and also because of the processes it undergo. Fuels made out of renewable resources are a lot more cheaper than the usual fossil fuel. You can try it if you want to lessen your spendings. However, i think it isn't widely available to most areas of each countries around the globe.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
November 02, 2021, 04:02:38 AM
Yes, I want to warn you right away - it is stupid to lie now, information is available, and you can check any "invented fact".
~
So what is "cancer rate increased from 5 to 10 per million"? What kind of cancer?
~
In children, thyroid cancer is very rare, with 1 in a million children. But in children who were in the infected zone, the numbers are much higher. From 1975 to 1985, up to 70 cases of thyroid cancer were detected, and from 1986 to 1990, 7 thousand cases were detected.

Also, add a figure of thyroid cancer cases from 1940 and 1920, that would be a better indicator!
Here is a complete study for those numbers, stop searching on Wikipedia for them.
https://www.unscear.org/docs/publications/2017/Chernobyl_WP_2017.pdf

This is not the first time you are trying to be clever about oncology and cancer, but you yourself write on this topic as a person who does not know anything about it.  So, I’ll digress, but I’ll make it clear to you - oncology is a branch of medicine that studies benign and malignant neoplasms. Cancer is one of the areas of cancer associated with malignant neoplasms. I am talking about this, since this "vector" is the most dangerous and deadly.

Looool, how about you stop trying to talk about things you don't have a clue about?
Cancer is one of the areas of cancer?  Grin
Do you actually read what you write here?
So cancer is associated with malignant neoplasms? No shit sherlock! What's next, telling us that dental cavities are associated with teeth?
Seriously, stop trying to copy-paste stuff you don't understand from Wikipedia and stop acting as you have even cared or researched this prior to yesterday.

Again, based on the numbers you have produced we have 7000 cases over a 5 years period.
Meanwhile, we have 3 million poeple in Europe alone who can't afford heating and 15 000 deaths are caused by this each year.
https://www.euronews.com/2021/09/22/nearly-three-million-european-union-workers-can-t-afford-heating-says-trade-body

4. The proposal was violated only in the EU, and only by one monopoly supplier Smiley

One monopoly....you went from neoplasms to pleonasms.
This definitely wasn't your best weeks around here.

legendary
Activity: 3752
Merit: 1864
November 01, 2021, 03:52:22 PM
Several reasons can be added for the fuel price increase.

  • Very basic is the shortage of gas around the world.
  • In several parts of gas reserves were under maintenance as a result of continued lockdown. This has caused decrease in the outcome for supply
  • The consumption have increased and gas for energy generation is used much as the energy generation through wind isn't that effective in this season
  • The lack of supply caused demand. This wholesale price increase have reflected on the overall price of the gas for consumers
  • Today it was Congo that has got added to the list of Gas Shortage country
  • Making use of other forms of energy is the only way through which the price can come into control.

1. There is enough gas. The only problem is the attempts of gas blackmail by the Russian Federation towards the EU. And they don't even hide the reason - "allow us our Nord Stream 2, in violation of European legislation - we critically need a monopoly right to supply gas to the EU"
2. Can I have an example?
3. Consumption in the world, I agree, has increased against the background of the most severe lockdown. BUT ! Demand has not become HIGHER in volume than before COVID19, and gas production has barely changed
4. The proposal was violated only in the EU, and only by one monopoly supplier Smiley
5. And what - in the Congo, is there any noticeable, on a global scale, the need for gas? The main industry there is the extraction of natural resources and precious metals, as well as wood and coffee. Which of the following areas of the economy suffers without gas? Smiley
6. Gas is sufficient, and the price can be regulated by the market where there are no monopolists and the personal gain of some politicians. An example of Moldova is the Kremlin's gas blackmail. Do you know why, unexpectedly, there was no gas for Moldova, and the price soared to $ 1,000? Because for Russia, Moldova's plans to implement joint reforms with the EU are dangerous, in particular, the liberalization of the gas market. This violates the plans of the Kremlin terrorists to monopolize the European gas market. Total - Moldova did not go to blackmail Russia, and forced the Kremlin to play by the rules of Moldova! Learn from a small but proud and smart country!
sr. member
Activity: 2352
Merit: 245
November 01, 2021, 02:14:48 PM
I also read that the rise in fuel prices is coming from the producers being unwilling to increase their production output. For oil producers in the middle east it would be easy to just ramp up production but of course they are not interested. We shouldn't forget that fuel was very cheap over the last 10 years and especially with the pandemic we saw a big drop in demand. The lockdown prevented people from travelling and industrial production also dropped because companies were laying off workers. In the end the oil companies now are very happy with higher prices and will likely not trying to produce more to lower them any time soon. Its all about making more money for them.
Due to the pandemic, fuel prices have recently dropped to a minimum, and now, for the same reason, they have skyrocketed again. I don't see much logic. At the same time, alternative energy sources, and especially solar energy from solar panels, are relatively cheap and environmentally friendly. The problem still exists in the disposal of waste, however, this problem has been solved recently.
If the production of energy from alternative sources is growing very slowly, then these states are not too interested in such energy. There are also forces that lobby for the interests of the use of oil and gas and they pay government officials a lot of money so that changes are not implemented or it happens at a very slow pace.
hero member
Activity: 1288
Merit: 504
November 01, 2021, 01:45:53 PM
~snipe~
What else do the world expect with the price of one of Elon Musks toys from Tesla being so high and the facilities needed to ensure the workability of the whole system as per consistent and energy refilling still in the labs of Tesla in contrast to the continual rapid production of petrol driven cars and an ever rising demands.
Now, even kids I've got a tast and resources to afford one of these toys, the world is preaching diminishing of crude reserves and most part of the world needs it hor not just a source of energy but then, as a major source to there nations economy. The price is just to skyrocket as some point with these demands and constraints in place.
legendary
Activity: 3318
Merit: 1128
November 01, 2021, 12:58:06 PM
Several reasons can be added for the fuel price increase.
There could be many reasons but what triggered all of them was pandemic and its lockdown. Many countries are suffering due to low supply of gas and coal which are major fuel for electricity generations. During lockdown, the production of most things got affected but when lockdown restrictions are lifted out then we could not cope up against with same of increased demand with lesser supply happened in lockdown times.

So, it must be too obvious to have fuel prices at its peaks right after the end of lockdown times. Some economic experts have predicted this kind of bottleneck situation and I am afraid that we are just at the beginning of such negative consequences of pandemic and the real worse part yet to happen in most probable case.
legendary
Activity: 3234
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November 01, 2021, 12:37:17 PM
#99
Several reasons can be added for the fuel price increase.

  • Very basic is the shortage of gas around the world.
  • In several parts of gas reserves were under maintenance as a result of continued lockdown. This has caused decrease in the outcome for supply
  • The consumption have increased and gas for energy generation is used much as the energy generation through wind isn't that effective in this season
  • The lack of supply caused demand. This wholesale price increase have reflected on the overall price of the gas for consumers
  • Today it was Congo that has got added to the list of Gas Shortage country
  • Making use of other forms of energy is the only way through which the price can come into control.
legendary
Activity: 3752
Merit: 1864
October 31, 2021, 04:42:56 PM
#98
....


Well, the fact that classmates survived is of course an "indicator". Yes, I want to warn you right away - it is stupid to lie now, information is available, and you can check any "invented fact".
So what is "cancer rate increased from 5 to 10 per million"? What kind of cancer?This is not the first time you are trying to be clever about oncology and cancer, but you yourself write on this topic as a person who does not know anything about it.  So, I’ll digress, but I’ll make it clear to you - oncology is a branch of medicine that studies benign and malignant neoplasms. Cancer is one of the areas of cancer associated with malignant neoplasms. I am talking about this, since this "vector" is the most dangerous and deadly.
Now let's get back to your "statistical" lie.
For example, in Belarus, the statistics of thyroid cancer, before and 10 years after Chernobyl - an increase of more than 10 times. Yes, and the main, most noticeable increase in diseases fell precisely on the increase in thyroid cancer, which is associated with a large release of iodine isotopes, which is retained in the thyroid gland and provokes the appearance of neoplasms ... Some statistics:
it turned out a very interesting fact - a jump in the growth of morbidity occurred in children under 5 years old and in children from 10-15 years old. In children, thyroid cancer is very rare, with 1 in a million children. But in children who were in the infected zone, the numbers are much higher. From 1975 to 1985, up to 70 cases of thyroid cancer were detected, and from 1986 to 1990, 7 thousand cases were detected.
It is not enough ?


Quote from: DrBeer on October 20, 2021, 06:35:22 PM
2. Not the best option to feed those who are in short supply. Over time, this becomes a habit, and then requests also begin to grow.

I'm just going to say one thing about this.
You're actually talking about poeple like they are cattle that need to be fed by the system.

Here is a simple manipulation of words, and an attempt to pass your words off as mine Smiley No, that doesn't work!
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
October 25, 2021, 12:52:53 PM
#97
It is very easy to be a cynic ... But life, as a rule, "levels out" everything. I will not wish you that you will "wait in 40 years" for this. Life will put everything in its place ...

Seems like I have to scream at your stuff as simply alluding to it doesn't achieve anything.
I was in high school when that disaster happened, I've lived through it, and guess what ll my colleagues are still alive, 40 years since then.
Probably because the cancer rate that indeed rose did so from 5 to 10 per million!

Regarding "people do not die from oncology", as I understand it, it is important for you to create many words, and is it imperative that your word be the last? I know this behavior, I will not say anything Smiley

I know this behavior too, you could have said cancer but you wanted to look special so you used a term which you're not familiar with, trying to pose like you're well informed and you completely flopped it.
So why didn't you use cancer but oncology? Admit it, you wanted to sound like a specialist.

2. Not the best option to feed those who are in short supply. Over time, this becomes a habit, and then requests also begin to grow.

I'm just going to say one thing about this.
You're actually talking about poeple like they are cattle that need to be fed by the system.

I read the news in a country in the world in the Netherlands they encourage people to use bicycles and this is where most people like to ride bicycles.

Except that is not true:
First, the Netherlands has about one car for every two poeple.
Second:
https://download.cbs.nl/pdf/2015-transport-and-mobility.pdf
Quote
Cars cover 75 percent of all commutes, 15 percent is done by public transport and 6 percent by bicycle.
hero member
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October 21, 2021, 06:29:51 PM
#96
I have some important activities that I need to go out and I have to refuel my car but looking at the price hike of fuel, it's really making me think if there will be a time to see it roll back. But whenever we see oil price hikes, there's unlikely that we'll be getting the same price as it was before. Well, only important meetings that I'll have to go to to save fuel then. It's what I have to do and hopefully, there will be dominance in EV cars soon in our country.

Honestly, did you expected the low crude oil prices to last for ever? The crude price was $100-120 per barrel in 2014. Then there was the crash, which took it all the way down to ~$40 per barrel. In usual circumstances, the prices should be back to the normal levels in a year or so. But Saudi Arabia wanted to destroy the shale oil industry in the United States and therefore kept the prices low for an extended duration. And then Trump became the president and the shale oil sector boomed again.
I don't. What I'm saying is that whenever there's a rollback, it's always the lesser amount that they've done with the price hike. Too bad that the world has been affected by the oil price hike and we all have to bear with it and there's no solution to this at the moment but just to go with the continuous price hike. Well too many factors why we're having this and it's highly unlikely that it'll pull back to the former price before this hike has happened.
legendary
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October 20, 2021, 10:37:34 PM
#95
I have some important activities that I need to go out and I have to refuel my car but looking at the price hike of fuel, it's really making me think if there will be a time to see it roll back. But whenever we see oil price hikes, there's unlikely that we'll be getting the same price as it was before. Well, only important meetings that I'll have to go to to save fuel then. It's what I have to do and hopefully, there will be dominance in EV cars soon in our country.

Honestly, did you expected the low crude oil prices to last for ever? The crude price was $100-120 per barrel in 2014. Then there was the crash, which took it all the way down to ~$40 per barrel. In usual circumstances, the prices should be back to the normal levels in a year or so. But Saudi Arabia wanted to destroy the shale oil industry in the United States and therefore kept the prices low for an extended duration. And then Trump became the president and the shale oil sector boomed again.
hero member
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October 20, 2021, 06:17:24 PM
#94
Oil companies will increase fuel prices again for the sixth-straight week. The price adjustments reflect movements in the international oil market.
Source: https://www.cnnphilippines.com/news/2021/10/4/Big-time-fuel-price-hike-Oct.-5-.html

Currently, we are also experiencing price surges and hikes here in our country. The average unleaded here will cost $1.17 per liter while the diesel was roughly $0.88 dollars, almost every week the prices will go up as well as the electricity because we cannot depend on the hydro power plants and windmills here to supply our daily household electricity needs and forcing individuals to pay more for the pump while having less for their daily needs.
I have some important activities that I need to go out and I have to refuel my car but looking at the price hike of fuel, it's really making me think if there will be a time to see it roll back. But whenever we see oil price hikes, there's unlikely that we'll be getting the same price as it was before. Well, only important meetings that I'll have to go to to save fuel then. It's what I have to do and hopefully, there will be dominance in EV cars soon in our country.
hero member
Activity: 3010
Merit: 794
October 20, 2021, 05:31:57 PM
#93
That's the highest this year, and I think I might have to give up my traditional bike for a while and start using my bike only for work. Here, electric cars are not an unpleasant thing when we can all protect the environment, now there are a lot of fuel sources in countries around the world that are running out and gradually countries Families are replacing traditional materials that pollute the environment with vehicles that use only electricity. I read the news in a country in the world in the Netherlands they encourage people to use bicycles and this is where most people like to ride bicycles.
Ive been thinking on having my bike on going to work but considering the distance then i dont see for it to be ideal because you would really be basically be sweating up before you do reach your work station which is
really very unpleasant if you do ask me.Luckily i do have my 3 cyclinder car which i could use rather than my SUV which is really not too effecient on daily commutes. This is the highest number or amount
that i had experience on gas/fuel prices on my entire life and it do really affects that much for us consumers.Is there something we can do? Its nothing.
And there are more tentative price increase. Holy shit.

https://www.theguardian.com/money/2021/oct/20/petrol-prices-high-fuel-oil-prices-pumps
https://www.forbes.com/wheels/news/gas-prices/
https://www.reuters.com/business/energy/oil-prices-fall-weaker-china-growth-us-output-stoke-demand-concerns-2021-10-19/

I remember those days where fuel is cheap and hadnt really to worry on strolling around.  Cheesy
hero member
Activity: 2730
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October 20, 2021, 05:28:48 PM
#92
That's the highest this year, and I think I might have to give up my traditional bike for a while and start using my bike only for work. Here, electric cars are not an unpleasant thing when we can all protect the environment, now there are a lot of fuel sources in countries around the world that are running out and gradually countries Families are replacing traditional materials that pollute the environment with vehicles that use only electricity. I read the news in a country in the world in the Netherlands they encourage people to use bicycles and this is where most people like to ride bicycles.
Ive been thinking on having my bike on going to work but considering the distance then i dont see for it to be ideal because you would really be basically be sweating up before you do reach your work station which is
really very unpleasant if you do ask me.Luckily i do have my 3 cyclinder car which i could use rather than my SUV which is really not too effecient on daily commutes. This is the highest number or amount
that i had experience on gas/fuel prices on my entire life and it do really affects that much for us consumers.Is there something we can do? Its nothing.
hero member
Activity: 1680
Merit: 845
October 20, 2021, 02:15:35 PM
#91
Crude oil barrel's price is steadily increasing, the average price for 95 unleaded, in my area is now €1.80, while for regular diesel is €1.50. Fuelling up your car was always an expensive procedure, but now it's a complete nightmare, in my case I'll need €70-€80 to fill up my tank from empty. On top of that, electricity costs are also spiking, which is quite logical, if you consider that most of our energy is generated by burning fossil fuels.

The question now is, how can the average consumer keep up with the increasing living costs? Fuel, electricity, products have seen increases in price, salaries on the other hand have not. Thus, the total available income is vastly shrinking.

Don't you think that at least a part of the crude oil price rise resulted from inflation? I tried to analyze, but couldn't find any large difference between supply and demand for crude oil in the last 2-3 years. So I am suspecting that the current spike has more to do with the unlimited printing of banknotes in the name of COVID stimulus. Don't forget the fact that the M1 monetary supply of the US Dollar went up by 200%+ in the last two years. Trillions have been created out of thin air, and it is natural to have an impact on the market because of this.
Definitely, USA was known for printing money out of thin air, but this situation has been magnified during the pandemic. However, let's be a little realistic now, it's all a result of a chain of events, oil prices are rising, thus, transportation costs are rising. As a result, product manufacturers are paying higher shipping costs, which are usually absorbed by consumers, by increasing the prices of their products.
legendary
Activity: 3752
Merit: 1864
October 20, 2021, 01:35:22 PM
#90
.....

It is very easy to be a cynic ... But life, as a rule, "levels out" everything. I will not wish you that you will "wait in 40 years" for this. Life will put everything in its place ...

Regarding "people do not die from oncology", as I understand it, it is important for you to create many words, and is it imperative that your word be the last? I know this behavior, I will not say anything Smiley But returning to the problem - cancer is almost guaranteed a fatal disease, regardless of the terms and your desire to show yourself smarter than everyone else. I will say again - I really hope that you will not meet with this in your life, and will not, being in the terminal stage of the disease, tell doctors that oncology is not something that dies from. Honestly, I do not wish it from the bottom of my heart!

But given the above, how strange is your suffering for my social side !? Smiley Well, the attempt to ascribe to me those words that I did not say looks still bad!
I did not say that "no one has a cake", I said that
1. Choosing the best of the two deadly dangers is a bad option, and one should hiccup alternatives with less risks.
2. Not the best option to feed those who are in short supply. Over time, this becomes a habit, and then requests also begin to grow. It is better to help systematically solving the problem - for example, organize production, and give work for money to those who previously could not buy themselves food. Do you want to talk more about sociality ?! Smiley
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