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BP Prudhoe Bay Royalty Trust Message Board

  • michaelmcmx michaelmcmx Jan 15, 2014 10:15 AM Flag

    price of crude

    Oil is around $100. 10 years ago if I mentioned that to businesses they would have cried and proclaimed the end of the world. Now $100 is the norm. America get use to $4-$6 plus gasoline LIKE THE REST OF THE WORLD. The days of cheap gasoline are soon to be over forever. believe it or not Americans cheap gas is not a birthright. Yea, really.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Just wait until Israel strikes Iran's nuclear facilities and war breaks out in the Middle East over it. Oil could shoot the moon. $75 for BPT will be cheap.

    • Petroleum fuel, and the manufacture of it, is taxed to make solar and electric vehicles appear economically reasonable, a current political policy in the U.S. Even now U. S. fuel for farm vehicles is $0.75 per gallon less than highway use.

      Fuel in countries like Norway gasoline is near $8.00 per gallon, in Venezuela it's less than $1.00 per gallon.

      Go figure.!

      • 1 Reply to pvbud
      • Norway like most of the European countries is using taxation to discourage wasteful use of petroleum resources. As an exporter of oil if so desired could match Venezuela as to price per gallon but there is no wish to do this. There is enough hydro electric power there cover almost all their energy needs and the workers are well paid with almost no out of pocket costs for health care and education which leaves a lot of disposable income left for gasoline. A couple of other European countries also have a high percentage of their energy use as hydro electric and if the figures I have seen are correct in France 50% of the electricity or more is nuclear based.

        Kurt

        Sentiment: Hold

    • The higher prices in Europe is an attempt by them to get people to use less as there is a lot of taxes in their gas.

 
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