Should we hold a fuel demonstration ?

[youngmafbog]

Fuel is now at its highest, even before more tax is to be lumped in. Osbourne seems to have lost the plot so do we need a mass (peaceful) protest to educate the man?

High fuel prices not only affect individuals but more importanly hamper the gorwth that is so desparatley needed

[DTCwordfan]

Let's be clear too, Osbourne has not imposed the 3p excise inflator on which VAT then gets added (0.6p), a mechanism that those fine folk the Labour party brought in.

He could still put the block on it before August, depending on what happens on the Geopolitical stage.

Let's also be clear, Shell, BP and Exxon are but bit players on the world crude market. Between them, they only produce some 8% of world crude, and when it comes to the oil that goes out onto the export market then the power swingometer really lies with the Gulf, Nigeria and Venezuela, and in the near future Brazil who are rapidly becoming the country with the 2nd largest crude export potential.

[flip_flop]

I had no idea about Nigeria.

Why on earth did we give it up?

[DTCwordfan]

To the export market, approx 1.5 to 2million barrels a day, flipflop, tenth largest country in terms of proven reserves (reserves that can be extracted)

[mccfluff]

but of course jno

[sir.prize]

Is that the same Nigeria which UK provides financial aid to? Currently £141m per year, increasing by 116% over 5 years to £305m.

[DTCwordfan]

yep - because 1.5 mln bd after costs makes them 50bln grosso modo form oil exports - on a population of over 160 mln.

Let's take Norway - similar production and what is it, just under 5 mln to spread the economic benefits across.

One major difference, never mind the corruption and their history of socio-politico-econmic development.

[DTCwordfan]

But whatever their internal politics and ruination, they still hold a signifcant place at the world crude table, not only because of volume and reserves but because their crude is premium being very low in sulphur (what we term sweet). The real power player is, of course, Saudi who have 10% of exports and could even open their spigots a bit further if the Straits of Hormuz remain open.

[Graham-W]

I know it's been suggested before but it seems such a good idea. Get rid of "Road Fund Licence" and increase the tax on petrol and diesel to compensate. If you drive lots of miles, or choose to drive a "gas guzzler", you pay more tax.
Also a saving on the issuance of road fund licences. Instead of displaying a tax disc, display your insurance disc and MOT disc.
Allow haulage companies to claim part of the tax back on the fuel they use.
Everyone wins (or am I missing something).

[flip_flop]

I've said this for years Graham-W.

It really is a no-brainer and I just don't understand why we don't. Its pay as you drive. The more you drive the more you pay.

I have yet to hear a reasonable argument against it.

[daisya]

Of course we need a demonstration (on this and others things too) but it won't happen in this soft country or nothing to make a difference anyway.

[henpecked]

I would not mind paying so much fuel tax if i was not taxed so heavily everywhere else. Does the government and George Osbourne really think that the average hard working person has got an endless supply of 50 pond notes to hand over in increased taxes!
We can all see that we have a huge debt that needs reducing but hitting everyone with more taxes will mean we spend less, and ultimately recession is looming on the horizon.
Being a haulier myself the price of fuel now is to the point that I can no longer supply all of my customers without substantially increasing their prices( somthing I do not want to do).
As the price of fuel increases the government recieves more in tax due to it being on a percentage, I struggle then to understand why they can not reduce the tax on fuel after all the price of diesel has increased by approx 13p a litre in the last 2 months alone!

Tax...Tax....Tax... The governments favourite word!