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Author Topic: Fuel prices hitting an eight year high  (Read 3994 times)
DrBeer
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October 11, 2021, 07:52:53 PM
 #41

On the other hand, over the past decades there has been a huge number of very serious accidents
Please list at least two dozens of those very serious accidents, singe there is a huge number to pick from  Cheesy
And if the second one is Fukushima, can you also please also let me know when the last 14-meter high tsunami hit Europe or the US?  Grin

It's easy to scoff when you don't know the information Smiley

I'll throw it around, there will be a desire - you sort it out as it is convenient for you, you will find the details of the accidents - I see you are using the Internet somehow Smiley

- 9 Feb 2017 An explosion occurred at the Flamanville nuclear power plant in northwestern France.
- 26 April 1986 Chernobyl nuclear power plant. Explosion
- March 2011 NPP "Fukushima-1", Japan
- October 1969 NPP Saint-Laurent-des-Eaux, France, explosion
- April 2011 nuclear waste processing plant at the Marcoule research center, France, blast
- January 18, 1970 Radiation accident at the plant "Krasnoe Sormovo"
- August 2004 Mihama NPP, Japan
- September 1999 the plant for the manufacture of fuel for nuclear power plants in Tokaimura, Japan. Uncontrollable chain reaction
- March 1979 Three Mile Island NPP, USA, core melt
- April 6, 1993 explosion at the Siberian Chemical Combine (fuel preparation)
- May 4, 1986 NPP THTR-300, destruction of fuel elements outside the core
- February 1982 Radiation accident in Andreeva Bay (leak of a radioactive cooler)
- February 22, 1977 Accident at the KS-150 reactor (Bohunice NPP)
- November 30, 1975 Accident at the Leningrad NPP
... and I have not yet indicated accidents at any test centers, etc. objects directly related to the NPP


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October 11, 2021, 09:07:37 PM
Last edit: October 12, 2021, 11:10:19 AM by stompix
 #42

On the other hand, over the past decades there has been a huge number of very serious accidents
~

It's easy to scoff when you don't know the information Smiley
I'll throw it around, there will be a desire - you sort it out as it is convenient for you, you will find the details of the accidents - I see you are using the Internet somehow Smiley

Yeah, so except 3 of them in 50 years, what's so serious about the rest of them?

And when you start with:
9 Feb 2017 An explosion occurred at the Flamanville nuclear power plant in northwestern France.

To me sounds like you're only reading the title:
https://www.theguardian.com/environment/2017/feb/09/explosion-at-flamanville-nuclear-plant-in-western-france
https://www.euronews.com/2017/02/09/an-explosion-erupts-at-edf-s-flamanville-nuclear-plant-in-northern-france-local

All the articles are saying the same, the explosion happened outside the area of the nuclear reactor.
So if you're going to add everything like this we can start counting the number of people who died falling from the roofs when installing solar panels, and that number sure topples deaths from nuclear in the last 20 years. Or was it because you couldn't find anything "serious" in the last period so you needed to beef up your reply to make it look like you have a case here?

Quote
August 2004 Mihama NPP, Japan
On 9 August 2004, an accident occurred in a building housing turbines for the Mihama 3 reactor.

So, what does it have to do with the actual reactor?

Meanwhile, some politicians start pumping blood into their brains for the first time in decades:
Led by France, 10 EU countries call on Brussels to label nuclear energy as green source

I wonder why bitcoin miners stick to gas, coal and nuclear.

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October 11, 2021, 11:28:10 PM
 #43

Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.
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October 12, 2021, 02:38:28 AM
 #44

Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.

Oil is a non-renewable fuel, while the need is increasing every year, along with the increase in the human population. Therefore, alternative energy that is environmentally friendly has been developed, including electricity, but it cannot be switched immediately, of course it requires a process, it is possible that the fuel will be completely replaced later.

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October 12, 2021, 02:43:26 AM
 #45

Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.

LOL... this is the most ridiculous justification that I have ever heard. The oil prices are going up because of production cuts from the OPEC+. The oil consuming countries have no reason to spike the prices, because they suffer in the end as a result of high trade deficit and inflation. And it is funny that you think that Hydrogen can be the future of automobile industry. Hydrogen is extremely difficult and risky to store and no matter how much the technology advances, it can't be directly used in automobiles.

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October 12, 2021, 11:23:37 AM
Last edit: June 12, 2023, 08:40:28 PM by stompix
 #46

The problem is that electric energy-powered is not the future. The future of mobility is Hydro.

Oh yeah!
So how do you imagine this future of hydro mobility?
Is this the latest advanced prototype in development?



Oh, you meant hydrogen, good, how do you produce oxygen without electric energy or gas?

Hydrogen is extremely difficult and risky to store and no matter how much the technology advances, it can't be directly used in automobiles.

Not a fan of hydrogen but the risks are lower than with conventional fuel, hydrogen is lighter than air so the risks of accumulation at ground levels like natural gas or even gasoline are far lower, basically just remove the roof and now way hydrogen will cause an explosion from any leakage.
You can also use it directly with an ICE engine, it's just that it's not practical and not attractive pricewise.

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October 12, 2021, 12:16:26 PM
 #47

My friends from the UK reported that people are sad about the lack of fuel in the gas stations and people are waiting there for hours while most of the gas stations are out of fuel. Since I don't have any issue about fuel in my own country, I'm not sure how real it is but from what I can see many countries are facing fuel issues and the price is in increasing all over the world, however, a part of the story makes sense when you think about the increasing of the inflation rate in all over the world and price of food and anything can increase, but still, I don't understand the real reason of why many developed countries are facing fuel issues even after electrical power is becoming more usable for people and this should decrease the consumption of fossil energy sources.

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October 12, 2021, 04:03:07 PM
 #48

Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.

LOL... this is the most ridiculous justification that I have ever heard. The oil prices are going up because of production cuts from the OPEC+. The oil consuming countries have no reason to spike the prices, because they suffer in the end as a result of high trade deficit and inflation. And it is funny that you think that Hydrogen can be the future of automobile industry. Hydrogen is extremely difficult and risky to store and no matter how much the technology advances, it can't be directly used in automobiles.
Even if that was the case, I don't think that automobiles and vehicles in general are accountable for the majority of the fossil fuel usage, which is essentially oil. Despite the EU promoting EVs, we have a long way till those are sustainable and accepted from the mass public. On top of that, we're still using oil to produce electricity, thus, even if we have 100% EVs on circulation, we'd still be using a tremendous amount of oil to keep up with the charging of the electric vehicles.

 
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October 12, 2021, 09:50:03 PM
 #49

World oil prices have moved up this year. From the beginning of the year until now, the world benchmark Brent oil price has risen 53%. The oil price even touched US$ 80/barrel, the highest in the last three years, on Tuesday's trading. For producing countries, the increase in oil prices provides benefits, but it will be difficult for oil importing countries, including in my own country and this is very different from gold even though there is an increase but it does not make it scarce in the market, while fuel oil when there is an increase is usually followed by a lack of supply in the market. market leading to scarcity

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October 13, 2021, 02:59:56 AM
 #50

World oil prices have moved up this year. From the beginning of the year until now, the world benchmark Brent oil price has risen 53%. The oil price even touched US$ 80/barrel, the highest in the last three years, on Tuesday's trading. For producing countries, the increase in oil prices provides benefits, but it will be difficult for oil importing countries, including in my own country and this is very different from gold even though there is an increase but it does not make it scarce in the market, while fuel oil when there is an increase is usually followed by a lack of supply in the market. market leading to scarcity

The increase in oil price is beneficial for only a few dictators such as Vladimir Putin and Mohammad Bin Salman Al Saud. Even the population in these countries doesn't get much benefit from the price increase. Along with the oil prices, LNG prices are also increasing (benefitting producers like Russia, Qatar, Australia and Norway). For the oil-importing countries, this is catastrophic. Here in India, the inflation rate is surging because of rising gasoline prices. The trade deficit is also reaching historic highs.

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October 13, 2021, 03:15:34 AM
 #51

The management of gasoline prices is to contribute to ensuring the implementation of the target of controlling inflation and stabilizing the market in 2021, supporting people and businesses that are facing difficulties due to the impact of the Covid-19 epidemic.
I think this increase will not stop when production demand is operational, a bad scenario for the economy is waiting for us.

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October 13, 2021, 04:02:50 AM
 #52


The report was that the countries needing fossil fuels didn't secure their prices so now they are buying at spot price. The market price will increase this high because of it and it will not stop because of the demand. I miss the time when we can only buy gas for $0.60/liter. If I only knew the price will blow up this high, I could have bought more for my reserve. I don't travel a lot though because of the curfews though.
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October 13, 2021, 06:37:01 AM
 #53

This is very bad, given that it is fossil fuels that make a big contribution to climate change on our planet. World governments are still doing very little to switch to renewable energy sources and to manufacture cars using electrics and other alternative fuels. It is necessary to give up the consumption of oil and gas altogether, otherwise our civilization will be destroyed.

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October 13, 2021, 08:30:42 AM
 #54

Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.

Oil is a non-renewable fuel, while the need is increasing every year, along with the increase in the human population. Therefore, alternative energy that is environmentally friendly has been developed, including electricity, but it cannot be switched immediately, of course it requires a process, it is possible that the fuel will be completely replaced later.

Your analysis may be correct in the long run. But the current situation has nothing to do with a shortage of oil to be available but with the massive cutbacks in production during the Corona crisis. Oil companies completely cut production last year and even stopped the expensive exploration of new wells completely. One remembers only too fondly that in the early summer of 2020, people were even paying money to take oil. So the price of oil was negative for a short time. Now the economy is recovering strongly and production has to be slowly ramped up again, resulting in a shortage. Next year, the situation will calm down again and the price will fall significantly, unless no new unforeseen situations arise.
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October 13, 2021, 09:15:12 AM
 #55

Fuel prices have skyrocketed in the past few months, on a worldwide scale. Here in Greece, the average price per liter for 95 Unleaded petrol is €1.75, while for diesel it's approximately €1.45. A huge surge is also expected, in the soon-to-be launched season of heating gas oil, which is expected to start within the next few weeks, with a rumored price of at least €1.10/liter.

I've read that this spike in prices is triggered by an increase in price per barrel, due to oil companies worrying about the pandemic, while their production is limited compared to the higher demand. Have you heard anything relative? What's causing this surge in prices, could it be a one-off thing which lasts a couple of months at most?

What's the average cost of petrol/diesel in your country? Share your thoughts on what exactly is causing this crisis, which is also spiking electricity costs up, increasing the budget for the average household.

Sources:
https://www.bruegel.org/2021/09/is-europes-gas-and-electricity-price-surge-a-one-off/
https://www.bbc.com/news/business-58718148

I'm regard to the bolded part:
So what you are basically saying there is that it's a price increase caused by low supply and high demand.

I dont particularly pay attention to oil price but I notice that people were talking about it with it's consequences on the price of certain products and services. This should remind us that these things are somewhat interconnected just like in nature. If you affect something that have lots of things that are dependent on it, the dependent ones may likely suffers along with what they're depending on. Same thing happens in nature and human society.  You don't "negatively" affect those that have lots of others depending on them.  Lots of people depend on something important without knowing it. They should be really careful affecting it negatively

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October 13, 2021, 09:23:45 AM
 #56

The fuel price in my country every year does increase, however for certain types of fuel the government provides price subsidies so the fuel price becomes cheap, and lately the percentage of fuel subsidies has been reduced and some are even not given subsidies at all, this is done so that government finances are not burdened.
related to fuel scarcity in several countries, I believe this is only a problem of hampered distribution supply because in my country there is no effect at all.
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October 13, 2021, 11:56:00 AM
 #57

Fuel prices have skyrocketed in the past few months, on a worldwide scale. Here in Greece, the average price per liter for 95 Unleaded petrol is €1.75, while for diesel it's approximately €1.45. A huge surge is also expected, in the soon-to-be launched season of heating gas oil, which is expected to start within the next few weeks, with a rumored price of at least €1.10/liter.

I've read that this spike in prices is triggered by an increase in price per barrel, due to oil companies worrying about the pandemic, while their production is limited compared to the higher demand. Have you heard anything relative? What's causing this surge in prices, could it be a one-off thing which lasts a couple of months at most?

What's the average cost of petrol/diesel in your country? Share your thoughts on what exactly is causing this crisis, which is also spiking electricity costs up, increasing the budget for the average household.
Well, the price did increase in my country to a ridiculous price and it last for a month, but later it was decreased again, though it’s still a bit high compared to what it used to be for now. Maybe with time we should hope that everything will get better. This pandemic has really destabilized a lot of things around the world.

A lot of things just keep increasing in price and currencies are facing the risks of inflation because of the government’s steady printing of money. A lot of things are not as it should be, even things you can buy in the market are now too costly and you have to pay more than what you would have paid last year. The only thing that has not increased is how much people being paid at their work place, to match the situation at hand, it’s very bad.

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October 13, 2021, 02:40:58 PM
 #58

World oil prices have moved up this year. From the beginning of the year until now, the world benchmark Brent oil price has risen 53%. The oil price even touched US$ 80/barrel, the highest in the last three years, on Tuesday's trading. For producing countries, the increase in oil prices provides benefits, but it will be difficult for oil importing countries, including in my own country and this is very different from gold even though there is an increase but it does not make it scarce in the market, while fuel oil when there is an increase is usually followed by a lack of supply in the market. market leading to scarcity
Yes, although many countries will be happy with the price of fuel when they are at the top in production and exploitation but it is subtle to realize this is the time when prices should be pushed down to support very low economic levels, people in countries are still facing widespread unemployment, huge psychological crisis and when costs rise like that, governments get the benefits but people in producing and non-producing countries, they also have to buy fuel at a high level. Once not moving down to stable fuel prices, money printing and inflation are very likely to resume a big war

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October 13, 2021, 05:37:11 PM
 #59

So what you are basically saying there is that it's a price increase caused by low supply and high demand.

I dont particularly pay attention to oil price but I notice that people were talking about it with it's consequences on the price of certain products and services. This should remind us that these things are somewhat interconnected just like in nature. If you affect something that have lots of things that are dependent on it, the dependent ones may likely suffers along with what they're depending on. Same thing happens in nature and human society.  You don't "negatively" affect those that have lots of others depending on them.  Lots of people depend on something important without knowing it. They should be really careful affecting it negatively
Depending on something could be a problem if it is something that is bad for the world. Oil is bad, fuel is bad, it hurts the world we live and that is why we are having so many fires all around the world whenever summer approaches. This is why we can't really have anything that is decent in the world because all the things that profit people are also things that hurt the world as a whole as well.

All in all high demand gets covered with high supply instead of alternatives and that causes the problem. Oil prices reached literally under zero at some point, during the start of the pandemic, and now its high, this could be avoided with alternatives getting more attention so that oil is not the only thing we depend on.
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October 15, 2021, 08:19:53 PM
 #60

On the other hand, over the past decades there has been a huge number of very serious accidents
~

It's easy to scoff when you don't know the information Smiley
I'll throw it around, there will be a desire - you sort it out as it is convenient for you, you will find the details of the accidents - I see you are using the Internet somehow Smiley

Yeah, so except 3 of them in 50 years, what's so serious about the rest of them?
....

One catastrophe is enough for me - the Chernobyl disaster. I would like to wish you with all my heart that you and your family never crossed paths with this evil ... One such accident is enough for many tens of years, many millions of people to suffer.
And a counter question - give examples of accidents at the facilities of "green energy"?

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