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Thread: You should all feel sorry for Caltex AU

  1. 27th June 2008, 05:34 PM #1
    RonMcGr Guest

    You should all feel sorry for Caltex AU

    Oil surge sucks dollars from Caltex's bottom line | smh.com.au

    Oil surge sucks dollars from Caltex's bottom line..

    The nation's only listed oil refiner and marketer, Caltex Australia, has slashed its interim profit forecast by as much as 40% as surging oil prices cut its refiner margins.

    <snip>

    "Strong diesel and jet (fuel) margins offset weaker margins for petrol,'' Caltex said.

    Caltex's refining profitability was also affected by unplanned maintenance, which cut first half earnings before interest and tax (EBIT) by between $70 million and $85 million.
    ~~~~~~~~~~~~~
    Poor, poor basta*ds
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  2. 27th June 2008, 05:44 PM #2
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    Basil135
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    By my quick calculations, that puts their EBIT at around $160,000,000.

    Poor buggers. Good thing there is all of us diesel drivers around to support them, with their petrol profits dropping...
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  3. 27th June 2008, 06:16 PM #3
    ak
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    On the ABC news about a week ago an interesting comment was made that the OPEC countries mainly Suadi are worried that with the current price of oil it will speed up the level of development of more battery cell cars and the like over the next ten years. They want to make money out of oil for the next 50 years not speed up the process of it being obsolete in 10 to 20 years. They are of course blaming prices on future trades.
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  4. 27th June 2008, 06:22 PM #4
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    One of the companies that we're doing some work for is looking at the feasibility of scaling down or miniaturizing one of the more successful models of nuclear reactors. When they get them small enough, I've put my hand up to trial one in the Disco - I know where to get plenty of enriched uranium to feed it with.
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  5. 27th June 2008, 06:52 PM #5
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    This oil thing happened in the 70's and it is happening again now. I really hope we do not forget like we did in the 70's and keep down the path of wasting oil if/when the price of oil falls.
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  6. 27th June 2008, 08:54 PM #6
    scotsmun
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    Gee i never thought selling my Range Sport Supercharged and Maloo in the last month would have such a big effect......... I had a sneaky feeling i was propping up their buisiness
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  7. 27th June 2008, 09:14 PM #7
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    When Iraq (oops the 51st US state?) finally gets production going properly, that should make a huge difference to global supply/demand equation.

    Latest estimates are that its proven reserves exceed Saudi Arabia's to be the largest in the world.
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  8. 27th June 2008, 09:20 PM #8
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    Quote Originally Posted by LoveMyV8County View Post
    When Iraq (oops the 51st US state?) finally gets production going properly, that should make a huge difference to global supply/demand equation.

    Latest estimates are that its proven reserves exceed Saudi Arabia's to be the largest in the world.
    Wouldnt Zimbabwe love to have some of those oil reserves
    John

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  9. 27th June 2008, 09:44 PM #9
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    Quote Originally Posted by LoveMyV8County View Post
    When Iraq (oops the 51st US state?) finally gets production going properly, that should make a huge difference to global supply/demand equation.

    Latest estimates are that its proven reserves exceed Saudi Arabia's to be the largest in the world.
    unless of course the u.s go and burn twice the amount of oil again invading another country to secure the oil for the future.....opps i ment free the people
    Our Land Rover does not leak oil! it just marks its territory.......



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  10. 27th June 2008, 10:58 PM #10
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    Quote Originally Posted by jbarracl View Post
    Wouldnt Zimbabwe love to have some of those oil reserves
    They would be happy to have any reserves, they got squat !
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