Fuel Prices

[MHJ]

Originally Posted by bubble

I watched the BBC news last night about the falling costs of a barrel of oil, which is great news for the consumers. However, it never occured to me that the North sea plants actually pay their taxes to the British government. So while we are all happy at the pump, the country is getting less public money revenue from the oil suppliers.

That creates the unfortunate problem of having to acquire tax revenue from other sources such and income and sales tax increases, etc....

[andrew65]

The biggest threat for the govt. is inflation. If they can reduce inflation, why don't they reduce it.

[alcher_27]

The fact is, fuel prices fluctuate in a way that consumers have less direct control. When the prices are high, it is a time for austerity - we use our cars less. When they are low, it is a time for a holiday - we use our cars to the maximum. In either state, how many of us think that fossil fuel sources have short lifetimes (In 1990, Saudi oil was predicted to last for about 100 years -- so there are around only 80 years left). Our attitude is: let's cross the bridge when we get there.