Petrol v Thorium

[aka Calum Da Jazbo]

...less of it imminent etc ... price up .... &c
Tgraf

profits up in oilcos?

time to go nuclear?

[handsomefortune]

and, why is US bought oil cheaper?

Extraction is even harder and more costly than the task that overwhelmed BP at Macondo.

lat time i heard , it wasn't even called 'bp' anymore...... 'macondo' .....who? but apparently it is called bp again now?

these sort of articles confuse me, they are difficult, veiled.......eg understanding the relevance of the competing representatives quoted, whether they relate to crunch, or glut theory.

the gap between crunch and glut.

yes please! why can't things just be normal?

what's the point of having nuculear, ? if meantime cities cave in, their foundations having been disturbed by fracking ...until the nuclear stations are built? anyway, back to my main question to the telegruff journo: and why is US bought oil cheaper?

[Dave2002]

and, why is US bought oil cheaper?

Not sure, but I think the following may be factors

1. They are now running much more on natural gas. I hear rumours that natural gas is actually quite plentiful, if you know how to extract it. There's a lot of it trapped under ice in places like Siberia, which according to some presents a possibly big problem if the ice melts.

2. They have always had their own oil wells.

3. They tend to use other people's oil in order to keep their own stocks up.

4. Demand may have fallen due to recession, though the article says that things are looking up. Maybe there's a lag in pricing.

I'm not an economist nor oil expert - though I did write one paper on oil exploration. There may be many factors and most of us don't really understand many of them. I notice, shock horror, that diesel has now reached $4 per gallon. I can remember when some Americans thoguht the world ( for them) would cave in if the price went over $1 per gallon. Needless to say, prices to consumers were then, as now, considerably higher in the UK and European countries.

[Resurrection Man]

and, why is US bought oil cheaper?

....

Can you be more specific. Do you mean the price of crude or the price at the pumps ?

[aka Calum Da Jazbo]

different rates of tax are highly disparate ... for fuels at the pump

it should be expensive oil fossil fuels are depleting