Petrol Price crisis...... - Page 22

Bossxr8 · 07-05-2018, 04:18 PM

Quote:

Originally Posted by psychobimbo

Had a friend who works in Defence attend a conference a few weeks back about strategic planning, and a very high government official told them that, because of the two cyclones that impacted the northern parts of Australia earlier this year, there was only 10 days supply of fuel (jncluding jet fuel) left in the country. One more cyclone and petrol would have been rationed.

Pollies should be charged with failing to protect the countries safety and executed. Too bad if a war breaks out. What’s our military going to run on, hopes and dreams?

Blows your mind how much our government doesn’t give a damn.

au350hp · 07-05-2018, 05:16 PM

Yet another industry closed down with no thought to the future. Now we buy 95% from other countries, we have given up any hope of price & quality control.

Premium petrol has averaged $1:70 for the last week or so in my area.

Syndrome · 07-05-2018, 05:26 PM

We need somebody to Make Australia Great Again!

hackney · 07-05-2018, 06:49 PM

Quote:

Originally Posted by Syndrome

We need somebody to Make Australia Great Again!

Trump?

hackney · 07-05-2018, 06:53 PM

Quote:

Originally Posted by jpd80

No wonder the oil companies wanted to close down local refining,
now we have tight inventories so the oil companies can push up prices.

ACCC needs a set of dentures and start being a proper regulatory authority.

Hell,that Leaf looks tempting.

CyberWasp · 07-05-2018, 06:53 PM

We need a car that is manufactured in Australia and runs on LPG, which is locally produced.
Then we will have no reliance on fuel from other countries.........hang on a sec..

GASWAGON · 07-05-2018, 09:15 PM

You'z have obviously forgotten about the $2 'Grand Prix' at the good old Thunderdome which my dad took me to when the Nascars were racing there years ago. I'll never forget those days!!!!

Where was the T.V adds from FordAu for this awesome Falcon???

https://www.youtube.com/watch?v=CcLJ8R9P2V8

baboon · 07-05-2018, 09:32 PM

Quote:

Originally Posted by CoolBFWagon

You'z have obviously forgotten about the $2 'Grand Prix' at the good old Thunderdome which my dad took me to when the Nascars were racing there years ago. I'll never forget those days!!!!

Where was the T.V adds from FordAu for this awesome Falcon???

https://www.youtube.com/watch?v=CcLJ8R9P2V8

Theres a very very young Frosty Winterbottom in that ad!

Go the EcoLPi!

cheap · 07-05-2018, 10:55 PM

Quote:

Originally Posted by CyberWasp

We need a car that is manufactured in Australia and runs on LPG, which is locally produced.
Then we will have no reliance on fuel from other countries.........hang on a sec..

Take a drive out through Thargomindah, Nockatunga, Durham, Camerons Corner, Moomba into what is called the Cooper Basin. There are at last count 75-340 oil wells out there. Talk to the locals and the place is awash with gas and oil.

It is cheaper in the short term to buy from the Arabs than to use our stuff. From a strategic point of view, I think Govco should build a small refinery out there, but then you'd have the greenies up in arms!

au350hp · 08-05-2018, 10:35 PM

Quote:

Originally Posted by Syndrome

We need somebody to Make Australia Great Again!

Truer words could not be spoken. Until we address the 'self entitled behaviour' that seems to be at the core of many people, politicians & businesses these days, we will continue to see the imbalance of wealth increase and things like the price of petrol will be the last things on our minds.

Maka · 09-05-2018, 09:48 AM

Hi guys, heres a interesting read concerning our national liquid fuels stockpile -

https://theconversation.com/australi...a-refill-96271

cheers, Maka

jandj · 09-05-2018, 10:22 AM

Quote:

Originally Posted by Maka

Hi guys, heres a interesting read concerning our national liquid fuels stockpile -

https://theconversation.com/australi...a-refill-96271

cheers, Maka

Thanks for that Maka, was listening to late show on triple M this morning about fuel crisis. Makes you wonder how we got to this point, with the fuel supply so low ffs

Cheers Jason

Maka · 09-05-2018, 11:10 AM

Here's another interesting read on the dwindling national liquid fuels stockpile -

https://thenewdaily.com.au/money/fin...fuel-reserves/

It might be time soon to start building some new viable oil refineries around the country if things get worse oversea's perhaps?

Ev cars etc is one thing but oil runs alot more than just cars (industries) & according to the experts, disruptions to the supply can have a dire effect on the country.

cheers, Maka

ipn · 09-05-2018, 11:19 AM

Irrespective of this so called fuel debate in which it has been on the Horizon for years btw ,

IS why is cheap inferior imported fuel so effing expensive!

That should be the "real" question imo .

It's all just happened this morning , all you know that , this morning! , as i saw it on the TV .

Paul

Maka · 09-05-2018, 11:28 AM

Quote:

Originally Posted by jandj

Thanks for that Maka, was listening to late show on triple M this morning about fuel crisis. Makes you wonder how we got to this point, with the fuel supply so low ffs :doh

Cheers Jason

Exactly & why now the sudden concern from Canberra when they are the ones that let it get to this point in the first place. The good senator should've raised this issue a long time ago, not when its nearly too late.

(New) Aussie oil refineries back on the agenda again soon, hope so!

cheers, Maka

stefcio007 · 09-05-2018, 02:34 PM

Quote:

Originally Posted by Maka

Exactly & why now the sudden concern from Canberra when they are the ones that let it get to this point in the first place. The good senator should've raised this issue a long time ago, not when its nearly too late.

(New) Aussie oil refineries back on the agenda again soon, hope so!

cheers, Maka

Apparently opposition leader for that sector raised the issue at least a month ago but was dismissed.

Bossxr8 · 09-05-2018, 02:48 PM

They are hoping to have the issue sorted by 2023. Let's hope there are no wars in the meantime.

5 years to sort an issue that could effect national security is a joke.

Smoke Pursuit · 09-05-2018, 02:52 PM

We had our own refineries years ago but guess what. Unions shut them down... Sounds familiar doesn't it.

Bossxr8 · 09-05-2018, 02:58 PM

Quote:

Originally Posted by Smoke Pursuit

We had our own refineries years ago but guess what. Unions shut them down... Sounds familiar doesn't it.

Since when do unions run the refineries and make the decision to close them?

It's the mega refineries in asia that have caused a lot to close. They can refine so much more oil than our smaller ones do, while being a hell of a lot more cost effective.

Maka · 09-05-2018, 03:09 PM

Heres a interesting read on why refineries have shut down in Australia -

https://rogermontgomery.com/why-our-...shutting-down/

cheers, Maka

Mercury Bullet · 09-05-2018, 03:10 PM

We're gunna build a wall.... a yuge one, across the wa border to keep youse all away from our refinery.

Mad max style!

marty351 · 09-05-2018, 03:21 PM

Victoria will just move its east-west link to slove that problem.

**DJR-351** · 09-05-2018, 03:29 PM

And while we are talking about our 'Aussie' refineries, who actually owns them?

**GasoLane** · 09-05-2018, 03:36 PM

Quote:

Originally Posted by Mercury Bullet

We're gunna build a wall.... a yuge one, across the wa border to keep youse all away from our refinery.

Mad max style!

Thank you Mr Trump, but us Easterners are quite happy on the civilised side of OZ!

Maka · 09-05-2018, 04:05 PM

Quote:

Originally Posted by DJR-351

And while we are talking about our 'Aussie' refineries, who actually owns them?

The big multinationals afaik -

http://www.afr.com/business/mining/b...0170525-gwcz95

cheers, Maka

johntolhurst · 09-05-2018, 04:16 PM

The price of solar power, also LiIon batteries is falling continually, and that will power most of the road's vehicles in, oh, about 6 years. There will be a glut of oil on the market, prices will crash, and only the easiest of reservers will be economic to pump.

You can put up a solar farm and a huge battery in 100 days. You could have as much storage as snowy mountain revisited all sorted out in 300 days. Or, in 1000 days, you could get the design and permits and political solutions in place for extracting and processing oil, at an economic loss. And another 1000 days to build it, if you're lucky. If people want to waste their dollars that way, fine. I'll keep my powder dry and grab an EV in about 5 years, which will cost far less per km and yet outperform almost any ICE vehicle. Its written on the walls.

**DJR-351** · 09-05-2018, 04:19 PM

Quote:

Originally Posted by Maka

The big multinationals afaik -

http://www.afr.com/business/mining/b...0170525-gwcz95

cheers, Maka

Sorry I should have said it was a rhetorical question Maka, instead of the raised eyebrow smiley, i work in the Oil & Gas industry

**GasoLane** · 09-05-2018, 04:29 PM

Quote:

Originally Posted by johntolhurst

The price of solar power, also LiIon batteries is falling continually, and that will power most of the road's vehicles in, oh, about 6 years. There will be a glut of oil on the market, prices will crash, and only the easiest of reservers will be economic to pump.

You can put up a solar farm and a huge battery in 100 days.

Not sure about your 100 days predication. There's one being built near here. The development application was lodged in January last year and work has only just started.

Depending on if they can get enough workers it will be finished in Feb-May next year

Maka · 09-05-2018, 04:38 PM

Quote:

Originally Posted by DJR-351

Sorry I should have said it was a rhetorical question Maka, instead of the raised eyebrow smiley, i work in the Oil & Gas industry

All good mate, its about time the government imo own & operate some new ones until a time as such its possible to sell them off, if never maybe.

cheers, Maka

johntolhurst · 09-05-2018, 04:42 PM

Quote:

Originally Posted by GasOLane

Not sure about your 100 days predication. There's one being built near here. The development application was lodged in January last year and work has only just started.

Depending on if they can get enough workers it will be finished in Feb-May next year

Fair enough. But even that is really fast for big infrastructure.

I was reflecting on the 100 day bet Musk had to do the South Australian big battery, and the fact he did one in (was it California?) in 88 days. But generally because solar and batteries is digital technology, it follows the same ever downward price curve, as well as getting built faster. In only a few years your basic new ICE car will cost more and perform worse than the EV equivalent. No one's going to buy it. So if you like your V8, you may not have to worry about petrol prices, because global oil prices will fall if EVs slow down oil consumption. The investment in refineries is already done, so they will have excess capacity. To shift more petrol you will have to lower the price. You can't really stockpile it. If lower prices doesn't increase demand, the high cost wells and refineries will have to close.