Am I right about oil, or am I right about oil (answers on a postcard, please)?

Am I right about oil, or am I right about oil (answers on a postcard, please)?

I’m not going to gloat because it’s just a quick ‘correction’, but oil dropped US$10 in the last 2 days. I’ve been saying for months that the price is a bubble. But, when you’ve got two great titans battling it out (oil cartels and economic theories), sometimes the battle is a long one.

You might have read my blog post from a few days ago where I took the NZ Herald to task for publishing a ridiculous story about $10 per litre petrol. I’m hoping (for everyone’s sake) that they are wrong and I’m right (or at least partially right).

Despite not often having to buy petrol (press cars come with a tank of it for us to use), I’m still acutely aware of the cost and (within reason) drive as frugally as possible. Of course, when testing a car, you have to give it the beans sometime during the test to be able to write a critical analysis of it, but mostly there’s no point in shredding the rear tyres – we’re not Top Gear, after all, and don’t have the luxury of a track (or the willingness of the car distributors for us to take a car on a track!)

The car currently being given ‘the beans’ is HSV’s GTS. It hates George Bush and the ‘war on terror’, and wishes oil would go back down to US$25/barrel.

I’m not going to gloat because it’s just a quick ‘correction’, but oil dropped US$10 in the last 2 days. I’ve been saying for months that the price is a bubble. But, when you’ve got two great titans battling it out (oil cartels and economic theories), sometimes the battle is a long one.

You might have read my blog post from a few days ago where I took the NZ Herald to task for publishing a ridiculous story about $10 per litre petrol. I’m hoping (for everyone’s sake) that they are wrong and I’m right (or at least partially right).

Despite not often having to buy petrol (press cars come with a tank of it for us to use), I’m still acutely aware of the cost and (within reason) drive as frugally as possible. Of course, when testing a car, you have to give it the beans sometime during the test to be able to write a critical analysis of it, but mostly there’s no point in shredding the rear tyres – we’re not Top Gear, after all, and don’t have the luxury of a track (or the willingness of the car distributors for us to take a car on a track!)

The car currently being given ‘the beans’ is HSV’s GTS. It hates George Bush and the ‘war on terror’, and wishes oil would go back down to US$25/barrel.

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