No your link was the first I heard of it.Can't really get my mind round what good it does.The biggest losers from the associated disruption are the hauliers themselves,followed by the general panic buying and misery for people and businesses going about their daily lives.

Who is the protest aimed at? The OPEC producers ? Increased demand from emerging countries? I am afraid we have to face up to fact that there oil is a diminishing resource with increasing demand and the price has and may continue to go up.

We could lobby the Govt. to reduce petrol tax and VAT.Oh but they have got to pay for the 10p tax abolition/reinstatement, so that is probably a non starter.

We can all walk more,use public transport.

From 8th May : BP non-executive director Sir William Castell spent more than £200,000 on shares in the oil giant today, his second big purchase since joining the board in 2006.

Sir William, who chairs BP’s safety, ethics and environment assurance committee, bought 32,500 shares at 615.5p each. It lifts his holding to 82,500 shares following a purchase of 50,000 shares last June at 587p each.

BP shares have gained around 15% over the past month, helped by profit for the first quarter of 2008 rising to $7.6bn from $4.7bn in the same period last year. While crude oil production fell slightly, to 818m barrels of oils a day from 832m, the company reaped the rewards of higher oil prices. The price of a barrel of crude oil hit $100 in January and has since moved past $123.

Perhaps we should follow his lead?

OK Backfoot - you suggest public transport

That's great when it is available - but for me (in deepest darkest somerset) - it is NOT available - unless you want to wait 2 hours to get to town - then another 2 hours to get anywhere from the bus depot then another 2 hours to get back !!!

Yes it's obviously a non starter for you.

The point remains that a lot of us choose the car over public transport and then complain about petrol prices.There are more economical alternatives ,taking into account the cost of running vehicles but we choose to retain our independance and our cars.

Time for a rethink? Soon?

Vicissitude:

C'mon stick to insurance Vic,You sure are out of your depth on financial matters.

No, it's not excessive when you consider the size of the global company. Their share price is 641.00 as I write, which is pretty healthy. Do you understand how the profits of this particular company are calculated and how much the revenue helps support the UK economy by form of premium, invested premium reserves and it's place on the stock?

I actually feel a little bit embarrased for you backfoot. It's pretty evident that I'm very much in a comfortable depth on the financial matters in the insurance industry and have a broader understanding of business and economics. Please... read a book!

I wonder what that young guy RGB would have to say about that last paragraph!!

So here we go then, remembering my (outrageous ?) projections on petrol prices that I wrote about before on this post.

I have (in this case) the misfortune to live in Exeter.

There is only one garage in the city with any petrol today. Sainsburys, Tescos et al all ran out last Saturday and the rest of the garages bar one ran out on Sunday.

So today the one garage that has petrol (Foxhayes Garage in Exwick) is charging ... wait for it ... £1.999 per litre for unleaded. In English thats £9.00 per gallon.

Basic Econoomics innit. Sadly, only two ways to ration scarce goods and services have ever been invented - form a queue here or pay the price that the market will bear.

And I thought I was joking when I said earlier on this post that I was thinking about getting a horse ......

grey_man:

So here we go then, remembering my (outrageous ?) projections on petrol prices that I wrote about before on this post.

I have (in this case) the misfortune to live in Exeter.

There is only one garage in the city with any petrol today. Sainsburys, Tescos et al all ran out last Saturday and the rest of the garages bar one ran out on Sunday.

So today the one garage that has petrol (Foxhayes Garage in Exwick) is charging ... wait for it ... £1.999 per litre for unleaded. In English thats £9.00 per gallon.

Basic Econoomics innit. Sadly, only two ways to ration scarce goods and services have ever been invented - form a queue here or pay the price that the market will bear.

And I thought I was joking when I said earlier on this post that I was thinking about getting a horse ......