Re: [ST] Life out there?

["Marc Van Est" <MarcVE@xxxxxxxxxxxxxx>]

I'm sure the cost of refined fuel should be similar in the Netherlands
to what it is in South Africa.

For yours to be double ours must mean a big tax component.

That means the more you ride your bike instead of your car the less tax
you pay!


Cheers


Marc 

-----Original Message-----
From: st-bounces@xxxxxxxxxxxxxxxxxxxx
[mailto:st-bounces@xxxxxxxxxxxxxxxxxxxx] On Behalf Of Emile Nossin
Sent: Friday, July 21, 2006 10:41 AM
To: ST@xxxxxxxxxxxxxx
Subject: Re: [ST] Life out there?

>From: Marc Van Est
>We pay US$ 0.96 per litre, which works out at US$ 4.37 per gallon if 
>I'm using the right conversion. More than half of that is tax. Marc 
>Cape Town, RSA

That would be Imperial Gallons, but most posts were from Emerricuns, who
use US Gallons. 1 US gallons = 3.785 liter, so you would pay around
$3.63 USD per US Gallon, which sounds in line with the US price...and
still half the price of what I pay :-(. Of our price, 66% is taxes (red
and orange parts is tax, blue part is the oil price, yellow is
operational costs, green is shell's profit for 2005):
http://www.shell.com/static/nl-nl/downloads/prijzen/euro95_gem05.pdf

Also cool to see in the first big table in this article, is that the oil
price really isn't as high yet (or almost now) as it was in 1980 if you
correct it for inflation and/or US Dollar exchange rate:
http://www.mees.com/postedarticles/oped/a47n01d02.htm
The biggest influence on the oil price is inflation and the US dollar
exchange rate, which is what OPEC uses if I briefly go thru the article.

This article is even nicer (not including exhange rate, but corrected
for inflation in the US) since it shows the gas prices from 1920-2005:
http://bigpicture.typepad.com/comments/2005/08/is_oil_a_bubble.html

So around 2010 fuel (corrected for inflation) should be cheap again :-).
By then we'll probably have other problems to complain about though...

Emile
www.piloot.com

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