This fuel excise relief will not help any ordinary citizens. The oil cartel will instantly raise their price and pocket the money.
The only sensible solution is to speed up the electrification of our transportation - passenger cars and trucks.
This fuel excise relief will not help any ordinary citizens. The oil cartel will instantly raise their price and pocket the money.
The only sensible solution is to speed up the electrification of our transportation - passenger cars and trucks.
Oil prices are up, and that affects people far and wide. Drivers pay more for gasoline, and truckers more for diesel. Russia is earning money that it can use to wage its war against Ukraine. Central bankers may see more inflation coming and keep interest rates high. Behind the recent bump in price is Saudi Arabia's decision to slash how much oil it sends to global markets through the end of the year. Russia also is cutting back. And less supply means higher prices. Some analysts are betting oil could hit $100, while others foresee that mediocre growth in major economies like China will keep the lid on prices.
How an #oilcartel is pushing up #petrol prices. If you’ve filled up your car recently, you may have had quite a shock as #FuelPrices are well above $2 a litre.
You might be surprised to know the current high price of fuel has little to do with the war in Ukraine.
If you’ve filled up your car recently, you may have had quite a shock as petrol prices are well above $2 a litre. You might be surprised to know the current high price of fuel has little to do with the war in Ukraine. Today, business reporter Nassim Khadem on the forces behind the price hikes and why petrol prices won’t be coming down any time soon. Featured: Nassim Khadem, ABC business reporter
What!? That cartel that manipulates the production of oil to maintain high prices is, again, manipulating production to maintain high prices? Well, colour me shocked!
The oil cartel; Organization of Petroleum Exporting Countries (OPEC) to cut production starting May.
No reference to anyone, other than themselves; and that's that.
The term CARTEL should as a matter of fact be synonymous exclusively with criminal organizations.