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April 4, 2011

When I saw the speed at which Sarkozy rolled up his sleeves and prepared to wade into Libya, I immediately suspected that it wasn't just about protecting the poor Libyan civilians and that France must have substantial oil interests there.

Having just tried to book an oil delivery, my suspicions are confirmed. The price of domestic oil has rocketed from €700 for 1000 litres to €930 for 1000 litres in just four months.

So buy now or wait and hope that Libya sorts itself out and prices drop? Who knew that living in France would be a bit like dealing in oil futures?

comments (2)

1. Posted by gwenda on April 5, 2011 1:10 PM

Prices will never drop, even if the price of crude goes down, there is always some reason that it is not passed on to the consumer.

2. Posted by Tricia Stanley on April 5, 2011 10:42 PM

In the UK there has been a huge increase in the number of thefts of domestic oil this winter. The thieves follow the oil tankers on their rounds & then wait until people are at work or even steal the oil at night. There have been cases reported of people being targeted twice on their next delivery of oil. And its on the increase - for obvious reasons.

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