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May. 26th, 2008
Been doing a bit of reading.
My (not very well educated) guess would be that oil is currently overpriced. The price should have gone up - but it's bubbling at the moment, pushed up even higher by investors ploughing money into it purely because the short term trajectory was upwards.
However, it's definitely on an upward march anyway, so it might not come back down easily - entirely possible it'll plateau.
Most things don't though - so I expect it to come back down again in the near future. But I very much doubt it's going to drop back under $100 ever again.
My (not very well educated) guess would be that oil is currently overpriced. The price should have gone up - but it's bubbling at the moment, pushed up even higher by investors ploughing money into it purely because the short term trajectory was upwards.
However, it's definitely on an upward march anyway, so it might not come back down easily - entirely possible it'll plateau.
Most things don't though - so I expect it to come back down again in the near future. But I very much doubt it's going to drop back under $100 ever again.
Oh for fuck's sake
May. 26th, 2008 11:15 pmThere's a BBC News story here saying that the government shouldn't put up petrol taxes...because theey'll hit the poor harder than the rich.
OF COURSE THEY WILL!!!!!
All taxes, except for ones that are (in some way) means-tested, hit the poor harder, because the poor have less money.
If the tax didn't affect people by making it harder to drive everywhere all the damn time, it would be a tad pointless, especially when this is something the government has said it's supposed to encourage.
Oh, the stupidity.
OF COURSE THEY WILL!!!!!
All taxes, except for ones that are (in some way) means-tested, hit the poor harder, because the poor have less money.
If the tax didn't affect people by making it harder to drive everywhere all the damn time, it would be a tad pointless, especially when this is something the government has said it's supposed to encourage.
Oh, the stupidity.