Three quick questions.

[jb44]

Why is the price of crude-oil and fuel so high? What will have to happen for it to come down? Will this happen any time soon?

Thanks
johan

[JCCH]

Increased demand, fretting about supply and the fact that the price is often quoted in dollars. Not much point quoting the price in a currency which is weaker than a kitten and then fretting because the number you get is big.

Will it come down? Yes. Reduction in demand, increase in supply and the dollar recovering which will make it appear cheaper.

Out of interest I recall seeing a corporate video from not that many years back explaining that BP was on its uppers because of the low price of oil and according to a senior executive wouldn't exceed $20 in his lifetime.

[Cuprabob]

[ QUOTE ]
Why is the price of crude-oil and fuel so high? What will have to happen for it to come down? Will this happen any time soon?

Thanks
johan

[/ QUOTE ]

Hell freezing over [img]/ubbthreads/images/graemlins/169144-ok.gif[/img]

OPEC is a cartel which will keep supply below demand to keep the price high.

But you have to remember fuel duty is the biggest cost in petrol and diesel. The chancellor has his cake and eats it. He gets higher returns from selling the oil from the North Sea and the tax from fuel sales

[RalfSchumacher]

1. Because poor people shouldn't be able to use petrol.
2. You to get wealthy.
3. Thats up to you, isn't it.

[nzshrimper]

you could always walk....