Does anybody here take the Greens seriously?

[Psamathe]

I think that is a false assumption that BPs costs remain static.

Beyond inflation, why would their costs (excl. imported hydrocarbons) have increased.

If raw materials increase by £10 per unit but your handling processing costs remain unchanged then price you sell at should increase by £10 so you make the same number of £ profit. But saying raw materials increase by 10%, handling/processing costs remain unchanged so increase sale price by 10% means you are making a lot more £ per unit.

Why should %ages be more important than £?

 

[Pblakeney]

Beyond inflation, why would their costs (excl. imported hydrocarbons) have increased.

If raw materials increase by £10 per unit but your handling processing costs remain unchanged then price you sell at should increase by £10 so you make the same number of £ profit. But saying raw materials increase by 10%, handling/processing costs remain unchanged so increase sale price by 10% means you are making a lot more £ per unit.

Why should %ages be more important than £?

One easy one is that transportation has obviously increased. They don’t get to fill up for free at the back door.
Their market is a world market. If there’s price goes up in Saudi then it goes up in the UK. Otherwise they’ll just sell abroad and we won’t have any fuel. Unless you want to nationalise it, but you’re 50 years too late.

 

[Psamathe]

One easy one is that transportation has obviously increased. They don’t get to fill up for free at the back door.

That's a circular argument because their increased "fill-up" costs are because they have disproportionately increased their prices (beyond covering the cost of raw materials). eg extract a barrel of oil from the N Sea, process it, etc. costs are similar now to last Jan. But price of their product has "gone through the roof).

 

[Pblakeney]

That's a circular argument because their increased "fill-up" costs are because they have disproportionately increased their prices (beyond covering the cost of raw materials). eg extract a barrel of oil from the N Sea, process it, etc. costs are similar now to last Jan. But price of their product has "gone through the roof).

As per the second part of my post, BP do not set the price of their product. It is a global market, and we only have a tiny share so no voice in dictating that price. They will sell abroad if told to reduce their prices. Blame Donnie.

 

[First Aspect]

I agree but also what is happening at the moment is maybe equally bad with hydrocarbon price rises giving the likes of BP fabulous windfall profits.

Maybe it stems from what I often regard as a daft aspect of our capitalist system, %ages. Margins should be considered as amounts not as %ages and it's use of %ages that means hydrocarbon companies achieve far higher profits. Cost to extract the stuff, transport it, process it, etc. all remain the same but they suddenly start selling it at far higher prices ...

And that's assuming we use the standard method of calculating %ages that the entire world less one individual use.

If you over use windfall taxes, business learns that they can't expect to keep windfalls and increases prices the rest of the time.

 

[CXRAndy]

View: https://x.com/i/status/2049824228296229253


There's quite a few with the same attitudes just like Philip Notley on NCAP

 

[CXRAndy]

View: https://x.com/i/status/2049827404508459318