Petrol // Current TV

All together now: "Olympics! Add petrol! China! Add petrol!"

China has issued official instructions on how to cheer at the Olympic Games -... more

Simon_S
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3 years ago
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0 comments

Get ready for $5 a gallon gas?

The price of oil soared today to over $130 a barrel. It's not like the oil... more

jhaber
added this
3 years ago
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0 comments

This is not an economic slowdown ... this is a shift in the world economy

Higher gasoline prices represent "a structural change, not just a cyclical... more

kDrew_Productions
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3 years ago
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17 comments

Malaysia fuel ban

Malaysia started enforcing a ban on gasoline sales to foreign-registered vehicles near the Thai border Monday, causing some stations' business to trickle nearly to a halt.

Government officers were deployed at stations in northern states to monitor the ban, which is meant to help tackle the problem of soaring subsidies that keep Malaysia's retail prices at nearly half of those in Thailand.

Thousands of Thais and Singaporeans drive into Malaysia every day to fill their tanks and take advantage of lower prices due to the subsidies, which were expected to cost the government 45 billion ringgit (US$14 billion; €9 billion) this year.

Abdul Wahid Bidin, acting president of the Petroleum Dealers Association of Malaysia, said 90 percent of the usual customers of some fuel stations near the border were from Thailand.

"There are complaints from the dealers that they've got no business, no customers at all," Abdul Wahid said, expressing hope the ban will be lifted soon.

Government authorities have indicated the ban will be a temporary measure until they revise the current subsidy system to help low-income Malaysians and to prevent waste or abuse of the system.

Deputy Prime Minister Najib Razak said Sunday that the ban would be postponed for 300 stations within 30 miles (50 kilometers) of Malaysia's borders with Thailand and Singapore, but local media clarified Monday that the delay was only for the southern state of Johor near Singapore.

Regular gasoline in Malaysia costs 1.92 ringgit (US$0.61; €0.40) a liter, or 7.27 ringgit (US$2.34; €1.52) a gallon. Thailand sells regular gasoline at 31.59 baht ($1.01; €0.73) a liter, or 120 baht (US$3.87; €2.51) per gallon.

Alang Zari Ishak, president of oil company Esso Malaysia's dealers association, said the ban affected about 100 gasoline stations in the north near Thailand.

"The implications will be quite severe," he said, adding that a system in which foreigners pay higher prices — instead of being completely barred from buying fuel — would be better.Malaysia started enforcing a ban on gasoline sales to foreign-registered vehicles near... more

lizzieism
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3 years ago
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0 comments

Drill here. Drill now. Pay less.

This advocates making more holes in the earth to pull out more oil ... When will... more

mpegcto
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4 years ago
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16 comments

Why has oil become so expensive?

Great article, everything you wanted to know about oil but were afraid to ask!

Monticat
added this
3 years ago
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13 comments

Oil prices to be probed by US regulator CFTC

Well, it's about time! "America's leading commodities regulator has... more

Monticat
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3 years ago
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1 comment

Darling might save us 2p a litre after all

The chancellor, Alistair Darling, today promised to review plans to introduce a 2p increase in fuel duty in response to rising energy costs.

The tax hike has already been deferred by six months until October, when Darling said he would reconsider it.

"I will return to the issue nearer the time - I will take into account what is happening in the oil market and see what is best to help out families and businesses. I fully intend to come back to that before October," he told BBC Radio 4's The World At One.

He added: "The big effort must be to get world oil prices down, and I intend to come back to the fuel tax increase - I am aware people are worried about this.

"I am determined to keep the stability of our finances as level as it has been over the past 11 years."

Tax experts said that extra North Sea oil taxes and VAT fuel receipts meant that the Treasury could afford the £550m cost of delaying the 2p increase by a further six months until next spring.

However, speaking after a meeting with oil industry chiefs, Darling appeared to calm speculation about a U-turn on a £200 increase in vehicle excise duty.

"This does not fully come in until 2010 … if you look at the costs people face today, what people are extremely concerned about is what they pay for petrol and diesel at the pump," he said.

Downing Street also sought today to play down hints of a u-turn on vehicle excise duty, saying the prime minister would not retreat from his green agenda.

The prime minister's spokesman said the "key issue" was high oil prices globally.

"Of course we understand the concerns consumers face, but we also need to take into account the need to ensure economic stability, to fund public services and to promote energy efficiency," he added.

Cabinet ministers appeared to pave the way yesterday for a change to vehicle excise duty, which will hit older more polluting cars bought in the last seven years.

John Hutton, the business secretary, said the government had to be careful to avoid "hammering people", while Jack Straw, the justice secretary, held out the possibility of a change when the chancellor delivers his pre-budget report in the autumn.The chancellor, Alistair Darling, today promised to review plans to introduce a 2p... more

StrangeConversation
added this
4 years ago
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0 comments

Lorry drivers converge on London in fuel protest

Despite fears of gridlock there was relatively little disruption, with police closing... more

remixx
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4 years ago
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2 comments

United Kingdom Talk Tuesday 27th May 2008

Tuesday's edition of my three times a week talk show. Watch the show here on... more

ChrisReardon
added this
4 years ago
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0 comments

Great British Petrol Revolt

ANGER over Gordon Brown’s failure to deal with rising fuel prices will boil over... more

StrangeConversation
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4 years ago
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0 comments

Sick of high gas $, these people found a way to save. Here are some of my ideas! And YOU?

Robert Raymond says this is the wave of the future. 4 bucks a gallon is highway robbery and any way you can save and not use this liquid gold to fuel the pockets of the oil companies is a good way to go!

I think the wave of the future is finding out other ways and other alternatives to ancient sun energy, like current sun energy, wind power or even mules like this farmer did. We have to be creative...

In Europe, (Switzerland) where I live most of the year (I live in the States as well), fuel is close to 8 bucks a gallon (2 a liter) and has always been more expensive than the States. What I can offer the states to help save on fuel are a few ideas I see here in Europe.

1. Traffic patterns: Seems like the traffic circles (round-abouts, etc) here in Europe saves you from stop signs and traffic lights ... as you know, stop signs, traffic lights make you STOP, so, when a vehicle stops it needs a large quantity of fuel to rest and then 'go again'. In a circle, you sometimes have to stop, but hardly ever. A large savings of fuel for the masses as well as individual people.

2. Traffic lights here are more friendlier in Europe than in the States. They are for the most part shorter in time, most sense traffic and most have a different method as well as being interconnected. Also, the turn signal is different as it is coordinated a little different and there is less waiting.

3. Traffic cameras save the city from using police cars to monitor traffic as well as issuing tickets. Not only saving fuel, but many man hours riding around in a police car. Just think about the savings on tax you pay in your state/city, then the police can go fight real crime instead of the license plate being a little lopsided! (Yeah, that is a crime in most cities lol).

4. Public transportation: holy makeral! If every city was like NYC or European public transportation! Europe still beats the States, but NYC comes close. If only the rest of the cities and states followed the lead of these cities and offered real solid transportation for the public, not only would we reduce our glut of fossil fuels, but we would reduce the emissions into the atmosphere by a thousand fold. Especially if the electric street car/trolley was brought back. Also, if you miss your bus/train/trolley, you can catch another in 5 to 15 minutes ... tops! (late night schedules are about half to full hour different).

5. School buses!!! Yup, here is a surprise. School buses are used only for real young students, and the vehicles aren't as BIG ... the ones that are 10 years and over use number 4 above! PUBLIC TRANSPORTATION!!! So ... less property taxes (that usually pay the school buses) and you pay a discounted rate for the monthly/yearly transportation ticket. And, an added benefit for saving fuel is that there aren't all those lousy stops you have to do if you are behind a bus since there are 90% fewer ... and as an economic benefit to public transportation, there is a built-in income that they can rely on. Of course, moms and dads still do it too!

6. Here in Switzerland, it's illegal to idle the engine more than one minute! So, during a rail road crossing, or cold morning, or road work stop, or any situation that requires no moving, most people shut their engines off.

7. How about this: National Public Transportation Week. Everyone has to use public transportation to work for a week.

Now, let's all brainstorm ways to cut down our fuel consumption....Robert Raymond says this is the wave of the future. 4 bucks a gallon is highway... more

WorldPeaceTV
added this
4 years ago
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29 comments

Gas prices around the world

Gas in the U.S. is really cheap compared to the rest of the world. So why are... more

monk_juice
added this
4 years ago
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55 comments

Stars of CCTV

You spend alot of time without your permission or knowledge being filmed wherever you... more

1978jamesb
added this
4 years ago
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0 comments

Suck....Suck...Suck....don't try at home kids!

Funny how this always works in the movies, maybe it was the long haired mans sucking... more

1978jamesb
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4 years ago
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0 comments

Strikers shut down major UK oil pipeline

The oil pipeline which delivers 30% of the UK's output every day will be shut... more

mischabarrett
added this
4 years ago
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1 comment

Strike could lead to fuel shortages

A planned strike by workers at a giant oil refinery will lead to fuel shortages from... more

phillyharper
added this
4 years ago
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0 comments

Politicly F***ed

See what you think and pass it on if you agree with it We are hitting 106.9 p a... more

mattwilks08
added this
4 years ago
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0 comments

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