Thread: FUEL REFINERIES GET A $2BILLION LIFE EXTENSION

Meh, not stressed,

Diesels, real diesels run on anything thats near enough to diesel in terms of viscosity and flamability....

I've discovered oil in Australia.
It's on the pavers under my Land Rover!
Jonesfam

When I worked for one of the oil majors was at a conference and one of the topics was oil reserves. This was about 15 to 20 years ago but think should still hold true

They were saying that based on known oil reserves there were enough in Canada alone to meet the projected global supply requirements. Reason most known reserves were not being accessed was cost. One interesting one I remember was the size of the known oil reserves in Somalia near the gulf of Aden. There were plenty of other countries with reserves that you would never of thought of

Australia had a problem that you cannot obtain planning approval to expand a refinery sufficiently to build a new refinery of the size required to make the product competitive. Crude could have been brought into Australia refined and exported but it was not possible to build the infrastructure to do this. Singapore and India do not feel the same way and their planning rules allow the build and expansion. So they have the industry

Originally Posted by 3toes

When I worked for one of the oil majors was at a conference and one of the topics was oil reserves. This was about 15 to 20 years ago but think should still hold true

They were saying that based on known oil reserves there were enough in Canada alone to meet the projected global supply requirements. Reason most known reserves were not being accessed was cost. One interesting one I remember was the size of the known oil reserves in Somalia near the gulf of Aden. There were plenty of other countries with reserves that you would never of thought of

Australia had a problem that you cannot obtain planning approval to expand a refinery sufficiently to build a new refinery of the size required to make the product competitive. Crude could have been brought into Australia refined and exported but it was not possible to build the infrastructure to do this. Singapore and India do not feel the same way and their planning rules allow the build and expansion. So they have the industry

Exactly!

DL