Matt Carlton Posted March 8, 2022 Share Posted March 8, 2022 (edited) 500L Heating Oil Something has to give. Edited March 8, 2022 by Matt Carlton Quote Link to comment Share on other sites More sharing options...
GrumpyGnome Posted March 8, 2022 Share Posted March 8, 2022 Jeez. Got 500l less than a week ago... £368 Quote Link to comment Share on other sites More sharing options...
leccyflyer Posted March 8, 2022 Share Posted March 8, 2022 Ordered and paid for ours two weeks ago, supposed to have been delivered yesterday, now the supplier is saying that they are out and new stocks will only be available at a premium. Quote Link to comment Share on other sites More sharing options...
Matt Carlton Posted March 8, 2022 Author Share Posted March 8, 2022 1 hour ago, GrumpyGnome said: Jeez. Got 500l less than a week ago... £368 Likewise, paid £372 last week. I'm struggling to see the cause, given that the majority of the oil we use in the UK comes from Norway and the US. The USA is set to release 30m barrels from the strategic reserve, what impact that will have, who knows. Sadly I suspect much of this is more to do with profiteering than necessity. 1 Quote Link to comment Share on other sites More sharing options...
Matt Carlton Posted March 8, 2022 Author Share Posted March 8, 2022 9 minutes ago, leccyflyer said: Ordered and paid for ours two weeks ago, supposed to have been delivered yesterday, now the supplier is saying that they are out and new stocks will only be available at a premium. That's shocking, if it is bought and paid for, it should be supplied at the price you paid. That's the whole reason why futures markets can be so risky. Quote Link to comment Share on other sites More sharing options...
Paul De Tourtoulon Posted March 9, 2022 Share Posted March 9, 2022 Paraffin is around 22€ the 20 litres, and diesel yesterday at 2.149€ the litre, maybe worth running my car on it,,,, Quote Link to comment Share on other sites More sharing options...
Nigel R Posted March 9, 2022 Share Posted March 9, 2022 8 hours ago, Matt Carlton said: the majority of the oil we use in the UK comes from Norway and the US. Not sure that makes much odds where the black stuff comes from - retail companies have to pay the spot price to buy oil, globally the price per barrel is way up. Quote Link to comment Share on other sites More sharing options...
Rich Griff Posted March 9, 2022 Share Posted March 9, 2022 Remember some time ago they would pay you to take oil, and now.... Quote Link to comment Share on other sites More sharing options...
EarlyBird Posted March 9, 2022 Share Posted March 9, 2022 4 minutes ago, Rich Griff said: Remember some time ago they would pay you to take oil, and now.... Don't remember that ? Quote Link to comment Share on other sites More sharing options...
kevin b Posted March 9, 2022 Share Posted March 9, 2022 1 hour ago, EarlyBird said: Don't remember that ? In the motor trade (before we all had to have "waste" licenses it was common practice for companies to buy and recycle old engine oil from garages. For the last few years they have had to pay to have it removed. 4 weeks ago I filled up my oil tank at home and it cost me £1500.00 (big tank). Phew !!! Quote Link to comment Share on other sites More sharing options...
EarlyBird Posted March 9, 2022 Share Posted March 9, 2022 ? I didn't understand the context. Thought he was saying they would pay you to take oil, take from them. ? Quote Link to comment Share on other sites More sharing options...
EarlyBird Posted March 9, 2022 Share Posted March 9, 2022 because the topic is about buying heating oil not waste oil for disposal. I do find it hard to understand when posts are off topic. My excuse. Quote Link to comment Share on other sites More sharing options...
Bruce Collinson Posted March 9, 2022 Share Posted March 9, 2022 73p/litre ten days ago and for the first time, the local retailer was cheaper than the local Oil Club, by 2p. Just checked Boilerjuice, which I find useful as a starting position, and it appears to have gone off the chart at over 180p Supply and demand. Net zero by 2050 is starting to look as unachievable as it sounded. Time to frack. BTC 1 Quote Link to comment Share on other sites More sharing options...
Frank Skilbeck Posted March 9, 2022 Share Posted March 9, 2022 (edited) 20 minutes ago, Bruce Collinson said: Supply and demand. Net zero by 2050 is starting to look as unachievable as it sounded. Time to frack. BTC Or maybe fossil fuel price shocks may accelerate the transition to renewables which can't be affected by global events. The only way oil prices are going to drop is if the war in Ukraine is resolved quickly (and agreeably) or OPEC increases production. Russia made up around 10-11m bbls of the world daily total of 90m bbls per day and exported around 5m bbls, releasing 30m from a strategic reserve would replace 6 days of Russian exports. As for fracking, yes we have lots of gas that would be available if fracking went ahead, but most people are fine with this as long as it's not near them. Beginning to look like decommissioning the Rough gas storage field was a not a clever move, although there has been plans afoot to use it for H2 storage for H2 made from excess wind power. Edited March 9, 2022 by Frank Skilbeck Quote Link to comment Share on other sites More sharing options...
Martin Fraser Posted March 9, 2022 Share Posted March 9, 2022 (edited) 15 hours ago, leccyflyer said: Ordered and paid for ours two weeks ago, supposed to have been delivered yesterday, now the supplier is saying that they are out and new stocks will only be available at a premium. That sounds familiar. I ordered 1000L on 22nd Feb (before the balloon went up) and paid £650. It's overdue now so waiting for something to happen - anything! Still, rather shiver than have Russian oil though.? Marty Edited March 9, 2022 by Martin Fraser Quote Link to comment Share on other sites More sharing options...
Paul De Tourtoulon Posted March 9, 2022 Share Posted March 9, 2022 1 hour ago, Bruce Collinson said: Time to frack. BTC And start by fracking under your house,,,,? 1 Quote Link to comment Share on other sites More sharing options...
John Stainforth Posted March 9, 2022 Share Posted March 9, 2022 Fracking won't do it. The potential for shale gas in the UK has been greatly exaggerated. Quote Link to comment Share on other sites More sharing options...
ken anderson. Posted March 9, 2022 Share Posted March 9, 2022 (edited) i would say there is a lot of profiteering going on.......alsp reading today that airbag's and steering wheels c/w airbags are getting stolen from vehicles...due to a shortage of them. ken anderson...ne...1...rogues dept. Edited March 9, 2022 by ken anderson. added some more words of wisdom Quote Link to comment Share on other sites More sharing options...
kevin b Posted March 9, 2022 Share Posted March 9, 2022 45 minutes ago, ken anderson. said: i would say there is a lot of profiteering going on.......alsp reading today that airbag's and steering wheels c/w airbags are getting stolen from vehicles...due to a shortage of them. ken anderson...ne...1...rogues dept. Interesting post Ken. Repairing damaged cars is my background and I still watch the salvage auctions with interest. Currently late model salvage is selling for up to 80% of the vehicle's retail value in its damaged state ! I wonder where they are getting really cheap parts to repair them from ? In the trade, we know what is happening, the insurance companies and salvage sellers know what is happening and the Police know what is happening. However, the media, and the various authorities seem more interested in pursuing the social lives of various politicians. As someone said over 60 years ago, "Its a mad, mad, mad, world" Quote Link to comment Share on other sites More sharing options...
Bruce Collinson Posted March 9, 2022 Share Posted March 9, 2022 The chap who taught me to fly is an oilfield geologist, latterly retired, and he’s adamant that fracking is essentially safe. I’m inclined to accept his view and as an arch critic of BANANAS frustrating every initiative to plug the gap of 200,000 new houses a year, I would have no qualms about fracking under my house. agree entirely about decommissioning bulk gas storage. Even the Germans are posturing to cancel decommissioning their nuclear reactors. BTC Quote Link to comment Share on other sites More sharing options...
Andrew Calcutt Posted March 9, 2022 Share Posted March 9, 2022 Thank goodness I kept my open fire,wood and coal not to bad at the moment.Feel sorry for people on low incomes things must be tough Quote Link to comment Share on other sites More sharing options...
Paul De Tourtoulon Posted March 10, 2022 Share Posted March 10, 2022 It's catalytic converters that are being stolen here, turn the car on it's side and saw it off with a battery powered tool,, Next up, car parts to order from headlights bumpers and doors, all stolen to order in underground car parks,, Not forgetting emptying lorry diesel tanks, that has never stopped and we all know over here who is doing it,,,,? Quote Link to comment Share on other sites More sharing options...
GrumpyGnome Posted March 10, 2022 Share Posted March 10, 2022 11 hours ago, Andrew Calcutt said: Thank goodness I kept my open fire,wood and coal not to bad at the moment.Feel sorry for people on low incomes things must be tough We had sacks of logs delivered yesterday. They're the most expensive they have ever been and the delivery man said they're going up by 12.5% on Monday. My original thought was "profiteering!" but I expect a large chunk is to cover the hugely increased cost of delivery.... by lorry Quote Link to comment Share on other sites More sharing options...
Paul De Tourtoulon Posted March 10, 2022 Share Posted March 10, 2022 Gone silly here, last year a stere of wood ( "supposedly 1 cubic metre ) 55€ this year 75€,,, Quote Link to comment Share on other sites More sharing options...
Engine Doctor Posted March 10, 2022 Share Posted March 10, 2022 As soon as the demand for anything goes up so does the price. Always has and always will. Greed, profiteering, call it what you will also plays a big part. Big businesses are obsessed with "Growth" usually driven by accountants trying to please their already overly rich employers . Making a working profit isn't enough these days as it appears that only massive profits count . What has always grated me is that if I were to start a business and collude with a neighbouring business to control, the price then I would be prosecuted under the law as running a "cartel" ! However its fine for our governments to allow oil companies to colude to control oil prices as in "OPEC". Quote Link to comment Share on other sites More sharing options...
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