"Green" policies are destroying this country

whats causing it?

we better start burning it so.....

Difficult to say with any degree of certainty how oil prices will go. According to the AA 20th. April the average price for a barrel of oil was 108 U.S. dollars. For the 4 year period 2011 until 2014 it hovered around 120 U.S. dollars per barrel, so it does not appear that the barrel price is what is responsible for the sharp rise in prices at the pumps.

The AA also did a breakdown of the price at the pumps for April.

Pump price for petrol 180.9c per liter. Price before taxes are added 82.3c

Those taxes were : Excise including carbon tax 62.77c, Nora 2c, VAT 33.83c. Total tax per liter 97.6 c

I do not remember paying anywhere near the prices we are paying now during that 2011 -2014 period when a barrel of oil was more expensive than it is now so it does not look as if the price of oil coming out of the ground is responsible for driving up prices now.

Spikes in production prices tend to level themselves out. Same appears to be happening with oil prices.

It only went as high as that 2011 -2014 price for April, but even at that during the month at various times went from 123.6 to 101.28.

The price of crude was consistently around 120 a barrel for the 4 years 2011 -2014 and we were paying nothing close to the price we are now. Even today with the prices we are paying, a barrel of oil is not at that price. Pump prices appear to be pushed up due to refinery costs, and the addition of taxes and duties on top of those refining costs. It`s not due to a massive increase in the price of a barrel of oil. It`s due to a sudden lack of refining capability due to no refined petrol or diesel coming from Russia and taxes heaped on top.

There is a lot more to suggest that the price will come down when extra refining capability is added than prices will remain high due to the barrel price of oil.

As I said, all indicators seem to be pointing to a sustained period of consistently high prices for oil products

You could be onto to something there alright. But not for the reasons you're thinking.

Here's details of pricing  showing the proportion of which  extra charges make up, on top of the base product price for petrol and diesel including the amount of tax and vat imposed by each country

Funnily enough fuel prices in Ireland have significant levels of tax, vat and other charges added with Ireland being in the top 10 European countries for the overall price of fuel.

The name of the game right now is that European countries from the Russian clusterfcuk got a sudden sharp wake up call on why they need oil and the effect to their economies of the price rising on an energy source they are going to need for many years into the future, and with the Russian situation not looking likely to be resolved anytime soon, a source where demand is not going to "fall off a cliff" anytime soon either.

Although our lot haven`t fully got the message yet, unlike Germany who are back exploring for oil and gas, building LNG terminals plus leasing floating terminals and back strip mining coal, they have reduced the excise duty and are looking to have the VAT rate lowered. They may not be like the Germans now pouring money into fossil fuels, but similar to Germany the reduction in revenue will cut the money for investments in renewables. Neither are they the only two countries doing so, and while that is unfortunate it just comes down to that quote of James Carville`s in 1992 that at the end of the day "It`s the economy stupid"

Even with Russia`s share of the world market of 10% virtually gone, at present crude oil prices are lower than the 4 year period 2011-2014 so I do not see there is a shortage in oil production, and if their is then major producers are not taking advantage to any great degree when you consider a barrel of oil is still cheaper than it was in that period.

I do see though from this a realisation by coutries (and one the E.U. already recognises) that investors in renewable energy making large profit due to legislation licensing them to do so, is no help to economies or private households at present and needs to change.

From that first chart The forecast is for demand to rise and production to keep pace with demand.

The second chart shows production is also rising in both OPEC and non OPEC countries. Demand always brings money to the market and with the present price, even though still lower than 2011 -2014, I would not see any reason not to expect some of that money going into production capacity, including refining which is raising the price of petrol and diesel plus taxes on top, rather than the price of oil itself

I don`t see why there is a call for the OPEC countries to reduction the price of a barrel of oil. It is still lower than 8 years ago and there are not many products you can say that about.

Interesting certainly could be one way to put it. And in the context of the thread - I reckon though most likley it will turn into yet another large pink elephant to join the others happily grazing away and previously conjured up by our own green party.

On the positive side, it should certainly keep a cohort of our homegrown broadcasters and entertainers in Tea and biscuits for a few months. That said, it's not like every other TV station and satalite channel isn't already out there "telling the story of climate change". An individual would need to be living in a cave on the dark side of the moon, not to inundated by the numerous daily media reports and announcements on climate change and associated topics.

I would also have thought our national broadcaster has already been given enough of people's hard earned cash to fund these type of media projects, instead of diverting monies away from somewhat more pressing needs such as the urgent need to house refugees and ensuring people can keep the lights on or even having enough to keep themselves warm this winter.

But sure as long as we can sit around the warm glow of the telly or sit in the local halla around a gas Superser listening to Pat reading his poem comparing Wind Turbines to daffodils, it should be grand right ?

Seriously with the **** going down in Europe and the very real prospect of fuel shortages and or rationing - you think there's going to be the political appetite for the government to add flames to the fire?

More chance of unicorns dancing under rainbows and **** ting diamonds I'd reckon

🦄 🌈 💩 💎

Below is a snippet from this article: https://gript.ie/senator-delivers-bad-news-you-cant-burn-turf-if-you-are-underwater/

I think this sums up a lot of peoples views on the subject.

"The claims in question are not, actually, about turf: The claim (and it is, at best, dubious) is that 1,300 Irish people die because of air pollution in the round. That would include things like the emissions from vehicle exhausts, oil-fired central heating, the ringsend incinerator in Dublin, and all the rest. How many of those deaths are due to turf is an open question, though one might imagine that the answer is very few. After all, turf burning comprised a much greater percentage of our heating and energy output 100 years ago, and yet, as its use has fallen, deaths from air pollution (or alleged deaths) have increased. That suggests turf itself is a very minor – and that’s being generous – part of the equation."

The EEA limits for PM2.5 are substantially less strict than the WHO limits and the limits are an average over a given time, while acute exposure to PM2.5 is one of the risk factors for respiratory illness amongst people with a sensitivity to these pollutants.

While Ireland generally complies with EEA limits, we regularly exceed WHO limits. I guess it's a matter of policy, do you think 1300 excess deaths a year in a population of 5 million is acceptable (plus all the additional hospitalisations and health impacts that are less severe than death)