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Deltla buys oil refinery1 (Read 444 times)
May 1st, 2012 at 1:38pm

expat   Offline
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One way of helping with the high oil price.

Delta Air Lines buys an oil refinery. I wonder how many will follow suit?

Matt
 

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Reply #1 - May 1st, 2012 at 5:51pm

DaveSims   Offline
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I doubt the margins will offset the purchase price, but I guess it is thinking outside of the box.
 
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Reply #2 - May 1st, 2012 at 7:54pm

Steve M   Offline
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Well if your buying crude at market price right now, you could likely sell yourself some cheaper fuel. But buying a refinery could open a whole new can of worms. Enviromental, unions, regulations and breakdowns. (Nothing against unions, but they can stop production.)
  Interesting to me, is that Canada sells a fair amount of crude to the USA, and they refine it and sell it back to us, because over here a lot of the refineries have closed down. Too much pressure from the periphials, I think.   
 

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Reply #3 - May 3rd, 2012 at 9:54am

skoker   Offline
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Yeah they cut out the middle man, now lets see if that translates to lower ticket prices...


*cough, cough*NOT*cough, cough* Grin
 


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Reply #4 - May 4th, 2012 at 1:54pm

Katahu   Offline
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skoker wrote on May 3rd, 2012 at 9:54am:
Yeah they cut out the middle man, now lets see if that translates to lower ticket prices...


*cough, cough*NOT*cough, cough* Grin


That would be interesting. Grin

But I think they will just sell the crude rather than use it.
 
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Reply #5 - May 7th, 2012 at 9:44am

jetprop   Offline
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It isn't the petrol stations or the refineries...
Its the governmenr,most of what you pay on oil goes to the government so they can go on expensive holidays...
 

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