Earlier posts about the ability of the Aussie $ to maintain some semblance of equity and the ‘real’ cost of extracting oil may well see us passing $2 a litre in the not too distant future.
The chief of the Organisation of the Petroleum Exporting Countries (Opec) and also Algeria’s energy minister Chakib Khelil said ‘there [...]
Entries Tagged as 'petrol'
Oil might be drying up, but its getting slippery…
October 20th, 2008 · No Comments
Oil Prices Down – Petrol Prices Up?
October 17th, 2008 · No Comments
We are living through strange times, where now, more than ever before – like watching a magican – we know but can’t quantify the effect/s of manipulation. Make no mistake, in Australia our $ is being tossed around but for no other reason that as part of the ripple effect of the USA’s on and [...]
Tags: australia · money · oil · petrol
Caltex Says It May Reduce Production
May 24th, 2008 · No Comments
The company expects new refineries to be operating in Asia in the second half of this year, but it was open to the possibility of global demand for petroleum products softening, if the US falls into recession.
The combination of extra supply and slowing demand could put further pressure on its margins. Caltex says [...]
