ECONOMIC EXPANSION

Fraud in Portugal is practiced by oil companies and Government on a daily basis!!! Everyday the world faces serious economic difficulties, unemployment, more and more companies closing down, massive layoffs, sales dropping, production levels at the lowest ever, but somehow the Portuguese government and oil companies like Galp,BP,Cepsa and Repsol take upon themselves to on a weekly basis increase the final consumer price at the pump two or three times per week....
Its measures like these that have placed the world economy in a recession, Portugal has one of the worlds most expensive consumer oil prices, even now as oil prices slipped below $50 a barrel as investors grappled with the prospect that global growth will be slower than originally feared. Oil prices have fallen about 67% in four months, plunging from a record $147.27 in mid-July 2008. However this decrease in crude prices does not affect one of Europe’s oldest economies...Portugal...were prices continue to be one of the highest in the world, even when crude prices where at a three-year low Portugal continued to have final consumer prices one of the highest in the world...Oil consumption in Portugal last year dropped more than 14% and all tendencies indicate that it will continue!!!
Last week final consumer prices have once more increased more than two cents per litter!!! this dishonest attitude is lead by the so called national oil company Galp Energia...there is no reason for the increase except greed, the Portuguese Government is also involved in this apparent corruption scheme as the more the companies charge the more taxes the government obtains... This scheme is called "Robin Hood Tax" the more you charge the more Tax I (government) have... As is also tradition one company increases all others follow behind, the prices are also certainly combined between all involved... This arrogant attitude by the oil companies (GALP,BP,REPSOL,CEPSA) and government will not be forgotten as Portugal will shortly enter a period of elections for a new government; the population will certainly have the opportunity to elect a new government that will work for the people and not for the oil industry...

Labels: CRUDE PORTUGAL, FRAUDE

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"Consumers can’t cope with higher prices."

Oil producing nations and companies may settle for $50 crude in coming months half of last year’s average -- as a necessary price to pay for helping the world economy get back on track.
The economy today cannot support an oil price above $50, this is the worst economic crisis ever and a drop in demand will continue, $50 oil is “pragmatic” given the state of the economy... so far the revise down in oil prices have already provided a $2 trillion stimulus for the global economy. The decrease in demand projected for this year is the steepest decline since the 1970s..
New York oil futures have slumped 61 percent from their July record of $147.27 a barrel, as the global recession saps demand for fuel...
World oil demand this year will average 84.4 million barrels a day ...
However there is one Nation were the crude crises has always existed for the motorist...PORTUGAL... here you will find one of the highest
final consumer prices in the world, in one week consumer prices have gone up tree times...
This attitude is a cartel manipulated movement, forbidden by ECC but since this corruption scheme involves both oil companies and government ,Brussels remains eyes closed., this has made and will continue to make the economy uncontrollable as is already the case in some sectors...

Both the government and oil companies GALP,BP,REPSOL,CEPSA have tried to manipulate public opinion in their favour...
This arrogant attitude by the oil companies (GALP,BP,REPSOL,CEPSA) and government will not be forgotten as Portugal will shortly enter a period of elections for a new government, the population will certainly have the opportunity to elect a new government that will work for the people and not for the oil industry..

Labels: corruption, crude, MOST EXPENSIVE