Business.
South african oil are steadily increasing. here is a solution - having a bit more trouble lately than usual in making ends meet? The price of oil is rocketing, the strength of the dollar( in which oil is traded) is declining.
Sorry to tell you, but it is going to get worse before it gets better. - oh, and don' t forget the strength of the rand is also on the down at the moment. A reason why the weak Rand is an indicator of future financial troubles is that the market factors don' t have an immediate effect on the price of oil and other things, there is a lag of about six months to a year when you really feel the sting of it. This in turn is having a knock on effect on the price of petrol in SA. Oil is bought in futures, so this means that oil traders buy oil months in advance and trade in FUTURE values of barrels. the time the expensive oil hits us, it has been shipped from the supplier, processed and stored, stored in reserves again, and then distributed to consumers via petrol stations. The reason that a weak dollar has so much effect on the price of gas even in South Africa is because the dollar is the currency that oil is exchanged in across the globe.
The weak rand South Africa has been having and other factors that affect oil prices like war, abnormal weather, elections, corporate downsizing, etc will get to them NEXT year! - the united states actually uses up half of the world' s oil even though they only have 4% of the world' s population! Now, when the dollar weakens, it costs other countries less to buy Oil, so they try to trade higher volumes as quickly as possible, but this results in higher demand. Yeah, there is something crazy about that but there it is. And like all things in higher demand, the price is bound to go up. SASOL however does not make up even 20% of the South African fuel demand.
SASOL spends millions towards oil exploration and they do use oil that we mine off our east coast. - caltex is the major supplier of south africa' s petrol, and they distribute semi - refined oil to other petrol company' s refineries. The different companies have different techniques and chemicals that they add to the petrol so that is why they can advertise as being different, that one another, or better. There is difference in petrol from one company to the next but the core is the same Caltex oil. So now that we all understand the mechanics of oil distribution in South Africa and the challenges that the industry faces one might ask what other choices or options do we have? There is also a green - friendly engine that BMW has been working out the bugs on for some time now and which recently hit the roads. Toyota has had a hydrogen powered engine for more than a decade in the Prius.
In fact, i can' t think of any major car company worth their salt NOT working on a greener engine for many years now. - one needs to look to individual pioneers and grassroots movements to find any real solutions. These various solutions are not as easy as individual car owners doing modifications on their car engines to facilitate a different fuel solution than the one that the manufacturer originally installed. WATER4GAS is offering information for a nominal fee which people can use at home to build a small assembly which instills hydrogen into the gas/ air mixture that their car runs on. With W4G gasoline is made usable so you can reduce your fuel consumption. Using Water4Gas you can minimumly expect to reduce your fuel consumption by 30 - 50% or even more.
It also helps to lower emissions significantly. - isn' t it your turn now? The percentage of happy customers is about 99% !
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