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Petrol Crisis

Spartacus Mills's picture

A refinery that produces 10% of the UK's petrol supply has closed, leading to fears of a shortage, causing chaos on our forecourts.

Don't know about you, but I'm off to fill my tank before the panic-buying sets in.

3

MEP Richard Howitt

says it could affect the Olympics !!!

http://www.bbc.co.uk/news/uk-16702584

0
Slick | 24 January 2012 - 2:07pm

When the panic buying does set in...

...at least we have documentary evidence to trace it back to you, Spart.

1
madfox | 24 January 2012 - 2:15pm

South East

Seems to be more of a problem in the south east, perhaps I'll drive to Manchester to get my petrol!

0
JohnW | 24 January 2012 - 2:21pm

sorry, how does a company selling petrol

manage to go bankrupt?

0
BigJimBob | 24 January 2012 - 7:46pm

Because the public

refuses to buy petrol at these ridiculous prices.

Dreams on...

BTW, anyone remember when the oil companies were citing the £ / $ FX rate as a reason for prices going up? They seem to have been quiet since it started going the other way...

0
Mark JF | 24 January 2012 - 8:33pm

Although oil companies...

....make a lot of money from petrol, they don't make a fortune. Well, of course they make a fortune but there are other parts of the industry much more profitable. The oil companies would love to put another few pence on each litre but they'd never get away with it because of the high level of taxation already in the price.

Once upon a time, BP owned just about it all. They drilled for oil in the North Sea, they made petrol at refineries in Coryton and Grangemouth(and elsewhere) and they sold it at the pumps. These days, BP has very little in UK because of the levels of taxation forced on them by the govt.(and they ain't doing very well in Russia or the USA right now either). I don't know about Coryton, but at Grangemouth, BP sold its Chemical works and its Refinery to a company called Ineos. BP sells the crude oil to Ineos....BP still makes the big bucks and Ineos is left with the refining and chemical business and trying to run it like any other business. I guess it's a similar problem at Coryton.

0
bigsteviecook | 24 January 2012 - 9:17pm
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