Monday, June 02, 2008

A brief note for everyone

This is a crisis:


This is not a crisis:

Paying a bit more for petrol

Get the fuck over it. 5% extra for petrol = roughly $5.50 per 70 litre tank@$1.60 a litre. Big whoop. In Europe, it's like $2.50 a litre. Shockingly, the continent somehow manages to survive without catastrophe, armageddon or ritualised cannibalism.

The interesting thing about this is that the price isn't being dictated by scarcity (peak oil people need to relax, too), but because of (hedge fund) investment. A bubble. But will this one burst?



At 6:56 pm , Blogger Sarah said...

But how does being stranded in a flooded wasteland with no food, no clean water, no shelter and no medical supplies even come close to the pain a person feels when they have to fill up their stupid 4WD vanity-vehicle with petrol at $1.70 a litre? The humanity!

I mustn't have looked at your blog for 3 weeks or so.... welcome back :)

At 4:24 pm , Anonymous Anonymous said...

It's Emma here - just posted as 'anonymous' cos I don't have an account.
Too true Paddy - for the large majority of people and it certainly isn't a 'crisis', when you compare it as you have. But we can't forget that there are a lot of people for whom even $2 a week is make or break, and the reality is that the people who can least afford rising petrol prices are those who are most dependent on petrol. They are really low income earners who live in distant suburbs, because it is the only place they can afford, with non-existent or really poor public transport systems. They have to use their cars to drive to work, where they earn shit wages as a factory hand or shop assistant.

I know that the vast majority of Australians are doing very well and
whine about not being able to afford what they want, as opposed to what they need. But it's important not to forget that there is a group of people who have been completely overlooked by all of the economic gains over the past ten years. For them, a 5% rise in petrol has a whole different meaning.


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