Petrol down

For the first time for a couple of years the cost of a litre of 95 octane unleaded petrol is below a 1 euro, yesterday it was 99.7 cents from the new Eroski filling station near Cuidad Quesada. and judging by the global fall in the price of a barrel of oil it should get even cheaper, this "should" hopefully be reflected in the price of all other consumables, as we are constantly told the rising cost of transportation of goods are the reason they go up in price.
Mind you OPEC are trying to keep the oil price higher by putting quotas on oil. So far this has had no effect. The global recession is taken hold and the demand for oil has dropped.

Oil on the Costa Blanca

COULD THIS BE THE VIEW OF THE NEAR FUTURE
With property development rapidly coming to a standstill, an exploration company, has applied to the Government for permission to search for oil and gas in an area of some 100,000 hectares between Vinalopó, Albacete and Murcia, in the municipalities of Villena, Sax, Elda and Monóvar.
It’s the second large application following a request to search in the Valencia Bay by MedOil on which an answer is expected soon.
There is now a two month period during which other companies can also make their presentations and those who oppose the exploration can also present their cases.
The Invecta company is unknown, and is probably being used as front to represent one of the larger petrol companies.
So instead of a landscape of construction cranes, it could be drilling rigs.