Wednesday, 8 June 2011

Crude Stuff

An interesting update here on the collapse of talks between the oil producing countries' cartel.

It means the price of petrol is certain to rise again very soon.

However, the article quotes an analyst right at the end pointing out that demand is dropping so the price of crude should start to fall towards the end of the year. But of course we know what happens then. The price on the forecourts always goes up the moment oil goes up but rarely seems to come down if oil comes down.

I've said it before and I'll say it again: the sooner we learn to rely less on petrol the better! We've burnt the cheap stuff and it isn't going to get any easier. Thank goodness we don't live in communities where the public transport's rubbish and shopping is done at out-of-town retail parks. Oh, hang on...

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