Hakan, You make some very valid points. It would be useful to see these prices rebased in Euros. I'm not sure what proportion of the list's readers are based in areas more closely allied to the Euro than to the US dollar, but I suspect it's quite a high proportion. For me the US dollar is a fairly meaningless measure, because it has changed so dramatically against my local currency (GB pounds). While we don't use Euros, they are much more stable relative to the pound than the US dollar.
Another effect of US taxation policy on fuel is that the current high crude prices have a proportionally large effect on pump prices there. However here in the UK prices are significantly less than 10% higher than a couple of months ago - in other words, the current high prices have only a very small effect on people's perceptions, and hence a very small economic impact. I suspect the economic impact in the US will be a lot higher, another reflection of a much higher dependency on this one, limited resource. Donald --- Hakan Falk <[EMAIL PROTECTED]> wrote: > > MH, > > The list is not really accurate, since it is using dates before the > both > the recent price rises and even more important the dollars large fall > to > most of the currencies used in respective country. If you include and > study > this, you will see that US is hit by a "double wammy". For many of > the > countries the Euro is applicable, or the currency follow the Euro and > it > will show more modest rises in local currency, than the sharp rise in > US > dollar and currencies connected to the dollar. It is unbelievable > that the > Americans are so used to only study their own "belly button", that > they > cannot see in which direction they are heading. > > Combine this with the tendency of OPEC countries to sign > delivery/development contracts with other countries than US plus > "coalition" and the writing is on the wall. For NG it is the risk > that the > resources are signed up with others, when US finally get their > transportation/import act together. Oil producers are intimidated by > the > Bush policies and do not trust US or the dollar any longer. They are > hedging and it is very obvious. It looks like the US "strong man" > policies > are starting to backfire and it is not only the debt situation and > the > trade balance that are falling apart. President George W. Bush is the > most > expensive president in US history and it is remarkable that the US > population do not see it clearly, or think that they can afford him > for 4 > more years. It is very large and obvious risks that "the sh-t will > hit the > fan". I do not understand that he even want to be president for an > other > period. LOL > > Luc touched on this very important situation in an earlier post, a > petty > that he got it a bit muddled by involving Israel in it. The economic > vulnerability and policies is worth its own independent analysis, > even if > it is a case for some connections. > > Hakan > > > At 02:02 PM 10/19/2004, you wrote: > > I was recently over at > > > > Energy Information Administration > > US Department Of Energy > > International Energy Annual > > http://www.eia.doe.gov/iea/ > > > > and clicked on PRICES then on > > > > Table 7.2 World Survey of Recent Selected Petroleum Product Prices > > > (Including Taxes) > > > > Heres a sampling below -- > > > > U.S. Dollars per U.S. Gallon > > Region/Country Date Gasoline Diesel > > Canada 1Q/2003 2.24 1.43 > > US 1/2003 1.65 1.49 > > Brazil 1/2003 2.44 1.52 > > Colombia 1/2003 1.65 0.85 > > Paraguay 1/2003 1.62 1.30 > > Venezuela 1/2003 0.16 0.10 > > France 1Q/2003 4.74 3.61 > > Germany 1Q/2003 4.39 3.46 > > Spain 1Q/2003 3.43 2.99 > > Sweden 1Q/2003 4.45 3.70 > > UK 1Q/2003 4.95 4.76 > > Poland 1Q/2003 3.53 2.83 > > Russia 1/2003 0.69 0.63 > > Iran 2002 0.34 0.07 > > Kuwait 2002 0.78 0.68 > > Saudi Arabia 2002 0.91 0.37 > > Libya 2002 0.56 0.50 > > Nigeria 2002 0.82 0.82 > > South Africa 2002 1.41 1.25 > > Australia 1Q/2003 1.65 2.18 > > China 4Q/2002 1.32 1.21 > > Hong Kong 1Q/2003 5.44 3.07 > > India 2002 2.50 1.72 > > Indonesia 2002 0.68 0.72 > > Japan 1Q/2003 3.36 2.67 > > New Zealand 1Q/2003 2.40 1.42 > > Thailand 4Q/2002 1.36 1.25 > > > > Includes additional pricing for -- > > Residential Fuels - > > Light Fuel Oil, Kerosene, Liquefied Petroleum Gas. > > Industrial Fuels - > > U.S. Dollars per Barrel - Light Fuel Oil, Heavy Fuel Oil. > > > > U.S. Gasoline and Crude Oil Prices by Year 1918-1999 chart > > (In Constant 1995 Dollars) > > > http://www.energy.ca.gov/gasoline/statistics/us_gas+oilprices_1918-1999.html > >_______________________________________________ > >Biofuel mailing list > >[EMAIL PROTECTED] > >http://wwia.org/mailman/listinfo.cgi/biofuel > > > >Biofuel at Journey to Forever: > >http://journeytoforever.org/biofuel.html > > > >Biofuel archives at Infoarchive.net (searchable): > >http://infoarchive.net/sgroup/biofuel/ > > > _______________________________________________ > Biofuel mailing list > [EMAIL PROTECTED] > http://wwia.org/mailman/listinfo.cgi/biofuel > > Biofuel at Journey to Forever: > http://journeytoforever.org/biofuel.html > > Biofuel archives at Infoarchive.net (searchable): > http://infoarchive.net/sgroup/biofuel/ > ===== -- 43 - slightly more than the answer to life, the universe and everything. ___________________________________________________________ALL-NEW Yahoo! Messenger - all new features - even more fun! http://uk.messenger.yahoo.com _______________________________________________ Biofuel mailing list [EMAIL PROTECTED] http://wwia.org/mailman/listinfo.cgi/biofuel Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Biofuel archives at Infoarchive.net (searchable): http://infoarchive.net/sgroup/biofuel/
