Australian Politics Forum - Abbott responsible for high petrol prices

adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Abbott responsible for high petrol prices Jan 8^th, 2014 at 6:52pm With Abbotts obsession with dragging down the Aussie dollar the inevitable surge in petrol prices has occurred. What happened to Abbotts election promise of forcing down our cost of living?
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Frances Gold Member Offline Australian Politics Posts: 3577 In a Castle in the Hills Gender:	Re: Abbott responsible for high petrol prices Reply #1 - Jan 8^th, 2014 at 7:02pm I thought it was the petrol companies that were responsible for high petrol prices.....
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adelcrow

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Re: Abbott responsible for high petrol prices
Reply #2 - Jan 8^th, 2014 at 7:05pm

Frances wrote on Jan 8^th, 2014 at 7:02pm:

I thought it was the petrol companies that were responsible for high petrol prices.....

When the dollar drops everything we import gets more expensive...including petrol.
Abbott has told the reserve to spend as many billions (borrowed money) as it takes to collapse the Aussie dollar.

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Grendel Gold Member Offline OzPolitic Posts: 28080 Gender:	Re: Abbott responsible for high petrol prices Reply #3 - Jan 8^th, 2014 at 7:11pm Well this one takes the cake for blowing it out your arse Crowbait.... I suggest you check with Kevin and his Fuel Watch Commissioner.
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____

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Re: Abbott responsible for high petrol prices
Reply #4 - Jan 8^th, 2014 at 8:47pm

Abbott collapsing the dollar and raising the cost of oil, this means transportation costs will increase and so will rip through the economy like a boxing day tsunami

The cost of food will now be even more expensive because of the economic illiterate abbott.

Majority of voters, I bet their new years resolutions where dump Abbott at the DD election this year.

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Grendel

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Re: Abbott responsible for high petrol prices
Reply #5 - Jan 8^th, 2014 at 8:59pm

____ wrote on Jan 8^th, 2014 at 8:47pm:

Abbott collapsing the dollar and raising the cost of oil, this means transportation costs will increase and so will rip through the economy like a boxing day tsunami

The cost of food will now be even more expensive because of the economic illiterate abbott.

Majority of voters, I bet their new years resolutions where dump Abbott at the DD election this year.

Abbott didn't collapse to $ you DOLT... it floats... ask Paul Keating about it.
Abbott didn't raise the cost of oil... ask the Fuel Watcher about it.

You are almost as stupid as Crowbait, but at least the ALP pay him for quantity if not quality...

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____

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Re: Abbott responsible for high petrol prices
Reply #6 - Jan 8^th, 2014 at 9:06pm

Abbott's stupidity does have consequences … the dollar is collapsing because Abbott is destroying our economy.
A lower value currency and imports like petrol are more expensive.
More expensive transport costs hits the wallets of all Australians.

Next, Abbott will force up unemployment so to attack IR laws and reintroduce the cons workchoices attack.

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Calanen

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Re: Abbott responsible for high petrol prices
Reply #7 - Jan 8^th, 2014 at 9:10pm

Unfortunately the dollar does have to collapse. It's true value is about 75 c - 82.

The only reason it has been doing so well against other currencies is because they were doing so poorly, being the Euro and USD. While the EU and US governments are broke, their economies are not, and you cannot give the same value to a unit of our currency as to the US economy, that's just silly.

The bulk of the price of petrol comes from excise. If you got rid of the excise, you'd get rid of the expensive cost. However, you would need to implement price fixing - because - if you removed the excise - the oil producers who know from past experience that petrol can bear that price, will keep that price and pocket the difference that was previously paid to the commonwealth as excise.

The commonwealth also likes getting fuel excise, and at the moment especially, needs every bit it can get.

I am not against removing fuel excise and price fixing petrol - but its a big big step.

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Re: Abbott responsible for high petrol prices
Reply #8 - Jan 8^th, 2014 at 9:25pm

adelcrow wrote on Jan 8^th, 2014 at 6:52pm:

With Abbotts obsession with dragging down the Aussie dollar the inevitable surge in petrol prices has occurred.
What happened to Abbotts election promise of forcing down our cost of living?

If you contracted a particularly virulent STD which affected you mentally, ya know the kind that would make you a dim-witted idiot, or you were indeed just born with that condition, you'd blame it on Tony Abbott.........you and your eejit sheeples are really an extremely credible crowd aren't you.........no answer needed! Roll Eyes

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Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
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woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Abbott responsible for high petrol prices Reply #9 - Jan 8^th, 2014 at 9:36pm As at 01.01.14 the ACCC made woollies and coles limit their fuel discount dockets to 4c a litre. They say it artificially inflated petrol prices...................... yeah that's why we're now paying 165.9 c a litre ACCC they always get it right?
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Armchair_Politician

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Re: Abbott responsible for high petrol prices
Reply #10 - Jan 8^th, 2014 at 9:49pm

adelcrow wrote on Jan 8^th, 2014 at 6:52pm:

With Abbotts obsession with dragging down the Aussie dollar the inevitable surge in petrol prices has occurred.
What happened to Abbotts election promise of forcing down our cost of living?

Were you born post Christmas 2012? That would explain your ignorance of the fact that petrol companies ALWAYS boost the price of petrol during peak periods such as Christmas, NYE, school holidays, etc. Got absolutely ZERO to do with Abbott. Good grief, you're a moron! Roll Eyes

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crocodile Gold Member Offline Australian Politics Posts: 6683 Gender:	Re: Abbott responsible for high petrol prices Reply #11 - Jan 8^th, 2014 at 9:54pm Actually, it is not possible for our RBA to target the exchange rate and interest rates at the same time.
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crocodile

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Re: Abbott responsible for high petrol prices
Reply #12 - Jan 8^th, 2014 at 10:15pm

Unfortunately, I still have 73 posts to go before I can add a link.

Hint: Google global oil production for 2013 and notice the recent drop. Combine that with a frightfully cold northern winter and the Libyans not producing then the increased price will be explained.

Got jack to do with Abbott or his predecessor.

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Very funny Scotty, now beam down my clothes.

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UnSubRocky Gold Member Offline Crocodile Hunter: Origins Posts: 25082 Rockhampton Gender:	Re: Abbott responsible for high petrol prices Reply #13 - Jan 9^th, 2014 at 12:21am Australia produces enough crude oil for our domestic purposes, that we can have enough to export. I think the government is just ripping us off for profit.
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Innocent bystander Gold Member Offline Australian Politics Posts: 4220 Gender:	Re: Abbott responsible for high petrol prices Reply #14 - Jan 9^th, 2014 at 12:32am crocodile wrote on Jan 8^th, 2014 at 10:15pm: Unfortunately, I still have 73 posts to go before I can add a link. You can still provide a link, it just won't be clickable thats all
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