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Explosions Destroy Saudi Oil Pipeline, Sends Oil Prices Soaring

http://blog.alexanderhiggins.com/2012/03...ing-88962/
That's just what we needed.

Oil prices are already at an all time high, and now this has just happened.

Wonderful. It's like Christmas, and you're given a present you don't like. Then that present grows legs and teeth and bites you between the legs!!!
Bugger - expect to see the fuel price rise tomorrow then
Guys,

Basic economics say that prices rise as demand does. Oil and fuel will regularly be at an all time high. It is on its way up. The only variable is tax and our greedy tax collectors won't lose their percentage. remember that 70% of the price of fuel is a tax. That doesn't include the tax already extracted.
Holy shit the rich effing speculators have gotten us well and truly by the balls this time, I did not forsee that coming, worst case scenario is the bastards will drive up the costs via the markets to at least £10,00 a gallon.
Wish I had the room to stock up now.

Maybe better get myself a 55 gallon drum of cherry and some form of agricultural vehicle. I do live on a farm after-all Wink
Ang on a mo,
http://www.washingtonpost.com/business/m...story.html
Saudis are now denying it happened.
Hhmmm, Iran trying to spook the markets?
I don't care whether it's happened or not.

As long as prices don't go up more!
They've hit a record high

http://news.sky.com/home/business/article/16180946
i paid over £30 this morning just to top up the tank.
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