Oil Prices Up Again

[SharonWilson]

Global oil prices are on the way up yet again! How much does this shake up the property market, I mean at the low end every dollar counts. It's hard enough for people to break in as things stand. Amazing that every single inquiry into fuel prices turns up nothing....

 

[willy1111]

A possible theory is that rising oil prices leads to increasing inflation as everything becomes more expensive.

Increasing inflation leads to increased interest rates, increased interest rates leads to increased rents, etc, etc.

 

[Dazz]

Global oil prices are on the way up yet again!

Excellent - I'll have to go to the boss for another pay rise. Great stuff.

 

[willair]

Excellent - I'll have to go to the boss for another pay rise. Great stuff.

Dazzling,good luck with the pay rise, but what do you think as someone
who knows the inside story on Oil, will the price go above the $75.00
a barrel this time i think it will..good luck willair.

 

[Dazz]

Dunno willair,

My job is to go out offshore and supervise the drilling operation. It's what you'd classify as a technical job and has diddly squat to do with the suits upstairs playing with numbers.

All of that high level speculation about oil prices and what that means economically for oil co. shares etc is way above my league.

It's usually so wishy-washy I've learnt to just completely ignore it.

 

[yo yo ma]

Excellent - I'll have to go to the boss for another pay rise. Great stuff.

me too... keep them going up