Deltla buys oil refinery1

Posted:
Tue May 01, 2012 12:38 pm
by expat
One way of helping with the high oil price.
Delta Air Lines buys an oil refinery. I wonder how many will follow suit?
Matt
Re: Deltla buys oil refinery1

Posted:
Tue May 01, 2012 4:51 pm
by DaveSims
I doubt the margins will offset the purchase price, but I guess it is thinking outside of the box.
Re: Deltla buys oil refinery1

Posted:
Tue May 01, 2012 6:54 pm
by Steve M
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.)
Re: Deltla buys oil refinery1

Posted:
Thu May 03, 2012 8:54 am
by skoker
Yeah they cut out the middle man, now lets see if that translates to lower ticket prices...
*cough, cough*NOT*cough, cough*

Re: Deltla buys oil refinery1

Posted:
Fri May 04, 2012 12:54 pm
by Katahu
Yeah they cut out the middle man, now lets see if that translates to lower ticket prices...
*cough, cough*NOT*cough, cough*

That would be interesting.

But I think they will just sell the crude rather than use it.
Re: Deltla buys oil refinery1

Posted:
Mon May 07, 2012 8:44 am
by jetprop
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...