Gigacrusher Neutral Newbie July 24, 2007 Share July 24, 2007 Hi Fellow Car Forumers, Now that OPEC is feeling the pressure to increase their pump volume to meet demand, this has led to prices of crude oil come tumbling down. It is about time that our fellow Cartel petrolumn companies feel the pressure to lower pump prices. Or will it be that they will continue to live up to the famous well known fact that they will be quick to rise but slow to drop typical of every Cartel! Rgds, GigaCrusher ↡ Advertisement Link to post Share on other sites More sharing options...
Porche 5th Gear July 24, 2007 Share July 24, 2007 i think they will lower so fast...KNN jus pump today Link to post Share on other sites More sharing options...
Porche 5th Gear July 24, 2007 Share July 24, 2007 i think they will lower so fast...KNN jus pump today Link to post Share on other sites More sharing options...
Venco25 Neutral Newbie July 24, 2007 Share July 24, 2007 We already know that they have always been proactive & fast in rising prices BUT slow in cutting prices. So I'm afraid consumers are going to be a disappointed lot again with the toothless CASE doing nothing efficient yet again. Link to post Share on other sites More sharing options...
Atlantis80 1st Gear July 24, 2007 Share July 24, 2007 Although I wish that they would quickly adjust the petrol prices down, I have to say that the petrol price is not only dependent on price of crude oil, but also on the capacities of the oil refineries. In either case, let's just hope petrol can go down to $1.5xx levels again (or even lower for that matter!!) Link to post Share on other sites More sharing options...
Alvinchua1975 Neutral Newbie July 26, 2007 Share July 26, 2007 not possible. the estimated price of $100 per barrel forecasted at 2009 might be happening in few weeks time... wait and see. Link to post Share on other sites More sharing options...
Symantec9 2nd Gear July 26, 2007 Share July 26, 2007 it an economic cycle ... oil price goes up ... business goes bust ... ecomony down ... oil price goes down ... market goes thru re-consolidation ... and everything start all over again ... ↡ Advertisement Link to post Share on other sites More sharing options...
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