lol, I can't believe this thread!!!
The people that start these threads are directly associated to the opposition ie. other oil companies.
As far as getting fuel prices back under $1.00 litre....WHAT A LOAD OF CROCK!!!
Break up the price of fuel and you'll see that once you've removed the excise, GST, oil company cut, & servo cut, there is still over $1.00 that's directly related to the price per barrel.
This email probably originated from the likes of ExxonMobil or Shell in order to do damage to their biggest competitor & which won't affect fuel prices by even 1 cent.
Blame these top few countries for your fuel costs:
Rank Country Proved reserves
(billion barrels)
1. Saudi Arabia 264.3
2. Canada 178.8
3. Iran 132.5
4. Iraq 115.0
5. Kuwait 101.5
6. United Arab Emirates 97.8
7. Venezuela 79.7
8. Russia 60.0
9. Libya 39.1
10. Nigeria 35.9
11. United States 21.4
12. China 18.3
13. Qatar 15.2
14. Mexico 12.9
15. Algeria 11.4
16. Brazil 11.2
17. Kazakhstan 9.0
18. Norway 7.7
19. Azerbaijan 7.0
20. India 5.8
Top 20 countries 1224.5 (95%)
Rest of world 68.1 (5%)
World total 1,292.6
The only way that fuel may come down is if the world's biggest user of the stuff (ie USA) continues to suffer in their current recession and starts to cut back on their importation from the Saudis & Venezuala. That's the only way the oil countries will drop the price per barrel but as long as the demand is there, so will the prices increase.
Bush had meetings with the Saudis in an effort to increase their production (which would in turn bring the price of oil down) but they snubbed him.
The other big problem is that China 1st & India 2nd have the world's fastest growing economies at the moment, which means they will eat more and use more oil. 10 years ago they were 3rd world countries. Their economies are growing so fast that if they don't take measures to slow it down, China alone could swallow the world's resources on their own.
Something to consider next time you buy something that's made in China or India.