Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: sergeantdave
If you’e buying on the spot market and taking delivery via tankers, you’re likely paying a premium price. The UK is discovering how expensive that strategy is, as energy prices skyrocket and people are forced to choose between heat and food.

Buying oil via supertankers is what developing countries do. The UK has 10x the per capita income of the average developing country. Besides, the Russians have to sell their oil somewhere at the spot price, so UK purchases won't affect that price, except for added transportation costs.

46 posted on 02/28/2014 11:35:05 AM PST by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
[ Post Reply | Private Reply | To 37 | View Replies ]


To: Zhang Fei

“Buying oil via supertankers is what developing countries do.”

The UK ran out of fuel last winter and had no choice but to buy in the spot market. So buying energy on the international market is not something that only developing countries do. The energy companies didn’t buy enough for the storage tanks to meet the demand for a record-cold winter. And it’s not the government that pays for the fuel, it’s the energy companies, so it doesn’t mater that the UK has 10x more per capita income as compared to Bumf*ck, Egypt. That increased cost must ultimately be paid by the consumer. That’s the reason that the fuel poverty index exists.


58 posted on 02/28/2014 2:39:25 PM PST by sergeantdave
[ Post Reply | Private Reply | To 46 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson