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Petrol could hit $3 per litre (Read 25140 times)

tallowood

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Израиль Навсегда

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UAE leaves OPEC
Reply #885 - Apr 29^th, 2026 at 8:14am

UAE leaves OPEC: Why this is a blow to the oil producing group but may benefit consumers.

Quote:

In Brief:

The United Arab Emirates has announced it will leave OPEC and OPEC+ on May 1.
The UAE's exit represents a win for US President Donald Trump as well as consumers and the broader economy, experts say.

https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/

עַם יִשְרָאֵל חַי

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Captain Nemo

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Re: Petrol could hit $3 per litre
Reply #886 - Apr 29^th, 2026 at 10:29am

Bobby. wrote on Apr 24^th, 2026 at 9:46am:

I along with most people had no idea we were so vulnerable to
overseas trade and supply in oil.

Our Govts. from both sides of politics let us down in a terrible way.
I want to see all those responsible on trial for criminal negligence:
public servants and consultants who failed to warn politicians -
unless they did warn them and the Pollys ignored it?

Both sides of politics are right behind AUKUS -
wasting $360 billion to get 8 lousy subs in 15 to 20 years
yet there was no money for oil refineries or searching for more oil and gas -
which is where our real national security is to be found.

Even a proper tax on our gas exports could have paid for
more refineries and oil searching - drilling exploration holes free of charge.

Honestly - the politicians we have couldn't organise a chook raffle in a pub -
they are that hopeless -
they just hold their hands out for big salaries for doing nothing.
They don't care about us at all.

All in the name of "Net Zero" which all smoke* and mirrors (*pardon the pun) because our fossil fuels are still being burned, but overseas. Roll Eyes

The 2025 election WAS a shocker.

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lee Gold Member Offline Australian Politics Posts: 20682 Gender:	Re: Petrol could hit $3 per litre Reply #887 - Apr 29^th, 2026 at 2:22pm Patrick Boyle is a hedge fund manager. You know those folks who distort the market to make money.
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Bobby. Gold Member Offline Australian Politics Posts: 119487 Melbourne Gender:	Re: Petrol could hit $3 per litre Reply #888 - Apr 29^th, 2026 at 4:21pm flip
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Bobby.

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Re: Petrol could hit $3 per litre
Reply #889 - Apr 29^th, 2026 at 4:23pm

Captain Nemo wrote on Apr 29^th, 2026 at 10:29am:

All in the name of "Net Zero" which all smoke* and mirrors (*pardon the pun) because
our fossil fuels are still being burned, but overseas. Roll Eyes

We are literally paying for a lie - a well known and accepted lie.

What we do makes no difference to the amount of fossil fuels burned.

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UnSubRocky

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Re: Petrol could hit $3 per litre
Reply #890 - Apr 30^th, 2026 at 1:54am

Gnads wrote on Apr 24^th, 2026 at 12:49pm:

UnSubRocky wrote on Apr 23^rd, 2026 at 8:29pm:

Petrol prices went below $2/L yesterday. I did not know that until I read online social media.

For unleaded 91 @ $1.94 per litre.

Diesel is still 76c per litre dearer averaging $2.70 per litre.

Premium diesel selling at $2.49/L.

It does make me wonder about the consumption of diesel, though. Reports that 300 million litres of diesel being 3 days worth of fuel for the country? Is that right? It leaves me wondering with all the trucks on the road, are there 1 million of them using up 100 litres of diesel fuel per day each?

At this stage...

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Carl D Gold Member Offline Australian Politics Posts: 10936 Rivervale, Perth Gender:	Re: Petrol could hit $3 per litre Reply #891 - May 4^th, 2026 at 10:56am Letter in today's The West Australian.
Back to top	20260504_085010.jpg (58 KB \| 2 ) Repeat Covid infections exercise our immune system in the same way that repeat concussions exercise our brain IP Logged

Bobby.

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Re: Petrol could hit $3 per litre
Reply #892 - May 6^th, 2026 at 3:42pm

I don't believe this video -

I reckon we've got plenty of oil -
we just haven't drilled enough research holes to find it all.

Australia is one of the most resource-rich countries on Earth, producing enormous amounts of gold, iron ore, coal, uranium, and natural gas. But despite its vast size and geological history, the continent has never become a major oil-producing nation. So why does Australia have so little oil compared to places like the United States or the Middle East? This video explores the geological reasons behind Australia’s limited oil reserves and explains how tectonics, basin evolution, heat flow, organic matter, and environmental history all combined to limit the formation of giant oil fields.

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Poll
Question: How high fuel price have to become before Australians would make Australian oil stay in Australia?
* This poll has now closed *
$3 per litre 3 (17.6%) $4 per litre 3 (17.6%) $5 per litre 2 (11.8%) $6 per litre 0 (0.0%) $7 per litre 1 (5.9%) $8 per litre 0 (0.0%) $9 per litre 4 (23.5%) never 4 (23.5%) Total votes: 17 « Created by: tallowood on: Mar 17^th, 2026 at 12:36pm »