Australia : No Petrol Day : September 22nd

[barocca]

IT HAS BEEN CALCULATED THAT IF EVERYONE IN AUSTRALIA DID NOT PURCHASE A DROP OF PETROL FOR ONE DAY AND ALL AT THE SAME TIME, THE OIL COMPANIES WOULD CHOKE ON THEIR STOCKPILES.

AT THE SAME TIME IT WOULD HIT THE ENTIRE INDUSTRY WITH A NET LOSS OVER 4.6 BILLION DOLLARS WHICH AFFECTS THE BOTTOM LINES OF THE OIL COMPANIES.

THEREFORE THURSDAY SEPTEMBER 22nd HAS BEEN FORMALLY DECLARED "STICK IT UP THEIR BEHIND " DAY AND THE PEOPLE OF THIS NATION SHOULD NOT BUY A SINGLE DROP OF PETROL THAT DAY.

THE ONLY WAY THIS CAN BE DONE IS IF YOU FORWARD THIS E-MAIL TO AS MANY PEOPLE AS YOU CAN AND AS QUICKLY AS YOU CAN TO GET THE WORD OUT.

WAITING ON THE GOVERNMENT TO STEP IN AND CONTROL THE PRICES IS NOT GOING TO HAPPEN. WHAT HAPPENED TO THE REDUCTION AND CONTROL IN PRICES THAT THE ARAB NATIONS PROMISED TWO WEEKS AGO?

REMEMBER ONE THING, NOT ONLY IS THE PRICE OF PETROL GOING UP BUT AT THE SAME TIME AIRLINES ARE FORCED TO RAISE THEIR PRICES, TRUCKING COMPANIES ARE FORCED TO RAISE THEIR PRICES WHICH EFFECTS PRICES ON EVERYTHING THAT IS SHIPPED. THINGS LIKE FOOD, CLOTHING, BUILDING SUPPLIES MEDICAL SUPPLIES ETC. WHO PAYS IN THE END? WE DO!

WE CAN MAKE A DIFFERENCE. IF THEY DON'T GET THE MESSAGE AFTER ONE DAY, WE WILL DO IT AGAIN AND AGAIN.

SO DO YOUR PART AND SPREAD THE WORD. FORWARD THIS EMAIL TO EVERYONE YOU KNOW. MARK YOUR CALENDARS AND MAKE SEPTEMBER 22nd A DAY THAT THE CITIZENS OF AUSTRALIA SAY "ENOUGH IS ENOUGH"



Just FYI
in Australia the PROFIT MARGIN at the pump for the oil companies is usually 7c per litre,
during this latest boom in prices (petrol has risen by almost half again of normal) the oil companies have increased their "margin" to 17c per litre,
pure profiteering.

B.

[Crazed Rabbit]

pure profiteering.

Right. Nothing at all to do with supply or demand.

I notice noone seems to care when oil companies have well sites that come up dry after investing millions, or when their profits are super thin. They jsut get angry at them for providing an essential resource, and sometimes *gasp* making some money off of it.

Even if everyone in australia did this, it wouldn't matter. People would just buy gas the day before or after.

Crazed Rabbit

[drone]

Back in 2000, I think, didn't the truckers in the UK cut off the petrol supply to the country? I think they blockaded the petrol depots for a couple of weeks, and the supply dropped to the point where only police and emergency vehicles were allowed to get gas. Don't know how this affected the oil companies, but that might be a good place to look for potential after-effects. Must have done wonders for the air quality, though.

[Marcellus]

Well, here in the UK, as far as I know, oil companies' profit margins are falling, since they are not (yet) passing on the full higher cost of oil to the consumer. This could be, however, because petrol is very heavily taxed here (over half the cost of petrol goes to the Government is taxes and duties), and any major price rises will make petrol almost too expensive to buy.

[Strike For The South]

This story is a lie look on snopes

[dessa14]

well its retarded, because in australia you are expected to drive at least 100km to get a job, the public transit is crap so you have to drive, and the government (which by the way is thinking about cutting taxes to the top 10% tax bracket) refuses to remove the tax from the petrol... with their huge treasury surplus caused by GST.

[barocca]

Australia exports petroleum products, just so you know,
however the "market price" here is set by the cost in SINGAPORE - which is plain stupid, Singapore is not an exporter, the cost of fuel in Singapore is set by the WEATHER IN CHINA and that has absolutely nothing to do with Australia.

ALSO the cost of "dry wells" is built into the oil companies budgets and costs,
the 7c per liter profit is PROFIT, upping it to 17c during this crisis is PROFITEERING and is, incidently, illegal in Oz.

Pressure is being exerted on the government to have the situation scrutinised the the ACCC, but the governemnt is, for some unknown reason, resisting the push for investigation.


once more, supply and demand? piffle and waffle of the most ridiculous sort,
Australia is an exporter of petroleum products, the fuels still costs the SAME TO MAKE here as it did before Iraq or Katrina.

B.

[GodsPetMonkey]

once more, supply and demand? piffle and waffle of the most ridiculous sort,
Australia is an exporter of petroleum products, the fuels still costs the SAME TO MAKE here as it did before Iraq or Katrina.

B.

Just to expand on this, Australia is completely self sufficient for our petrol (which is why we end up exporting our excess, yippie!).

It's a joke really, how Katrina impacts oil extraction from the Timor straight is beyond me. But the government won't lift a finger... mmmm, tasty petrol tax... haha, now that I think about it, wasn't this a major issue only a few years ago?

[barocca]

aussie satrical opinion (image)

Even if everyone in australia did this, it wouldn't matter. People would just buy gas the day before or after.

production, distribution and supply(sales) are all geared to projected consumption,

by hitting consumption on the head for one day a backlog will be created,
the petrol stations will have fuel in their tanks, when they should not,
the tankers wont be able to deliver fuel on the day,
and the refineries will, literally, choke with over supply.

while overall purchases will not change,
the disruption to distribution scheduling will be noticed and the point made.

aussie satrical opinion (image)

B.

[PanzerJaeger]

This is in the frontroom, so ill make my opinion on this brief.



Oil companies are your enemy.

[Productivity]

Australia exports petroleum products, just so you know,
however the "market price" here is set by the cost in SINGAPORE - which is plain stupid, Singapore is not an exporter, the cost of fuel in Singapore is set by the WEATHER IN CHINA and that has absolutely nothing to do with Australia.

No it's not stupid. Singapore is Australia's nearest hub. If p(fuel in Singapore) > p (fuel in Australia) then every oil company is going to sell the fuel in Singapore, not Australia. That's just simple common sense, and until the prices equalise (and they will equalise quickly, few can resist an arbitrage profit), fuel is going to flow one way. Interest rates, main commodities etc. are all set by global fundamentals not local.

We live in a highly interconnected world, with a relatively open economy. The price of that is that we take world prices.

[barocca]

In other countries that export fuel, the local price is less than the international price,
why is Australia the one place where you can sell a locally sourced product at inflated (import) prices?


Singapore is stupid because the price of fuel there is determined by China's weather (seasonal)
Australia is in the Southern hemisphere, China is in the Northern hemisphere
so pray tell me why WE should be paying more in Our Summer because it just happens to be Winter in China?
China uses oil for heating in Winter, WE DONT use oil for heating, so why are we paying extra during China's Winter??
and especially as heating grade oil is made from a different type of base oil resource than car fuels?


Australians hip pockets are subsidising the oil companies exports,
WE dont need to send tankers half way round the world to bring us our fuel, so why are we paying the same for the fuel as countries that do have to move it half way round the globe by tanker??

Put another way,
It costs them less to get the fuel to us (the consumers) than it does to other countries, so why do we pay the SAME PRICE as those countries??
The cost to market is less, the cost to the consumer shoudl be less,

OR YET ANOTHER WAY
YOU may not mind subsidising OUT OF YOUR OWN HIP POCKET provision of fuel to foreign countries,
personally I object to the practice.

B.

[dessa14]

heres a question..., the government is considering cutting taxes to the top bracket, but A: refuses to take the tax of petrol, or B: refuses to put in a temporary subsidy.
the price is absurd, its jumped up from being 89.9 to being 128.9 in a few weeks, thats more then it has gone up in the last ten years.

BTW berocca we do need to import some of oils, but mostly diesel oils and heavy oils not the petrol oils, and the govenment still refuses to consider ethanol as a potential source of fuel (since the sugar industry is being destroyed in queensland)...

[Crazed Rabbit]

Oil is a world market. That means, a shortage in one place (like the US after Katrina) affects the whole world. Likewise, increased consumption in China will cause oil companies to sell their if the price is higher, so you'll have to pay higher at home. Oil prices should be roughly equal, as companies will always look to were they can make the most profit.

In brief, supply and demand.

Crazed Rabbit

[barocca]

we understand supply and demand,
what we do not understand is why we are paying for the stuff to be shipped half way round the planet via tanker when it is sourced in our own backyard,

and, just in case you did not read what i wrote...

In other countries that export fuel, the local price is less than the international price,
why is Australia the one place where you can sell a locally sourced product at inflated (import) prices?
...snip...
YOU may not mind subsidising OUT OF YOUR OWN HIP POCKET provision (FREIGHT COSTS) of fuel to foreign countries,
personally I object to the practice.

B.

[barocca]

... Likewise, increased consumption in China will cause oil companies to sell their if the price is higher, so you'll have to pay higher at home ...

heating oil is not the same as car fuel,
just because it is winter in China and they need heating oil is no reason why australia's car fuel should suffer a seasonal increase
B.

[Marcellus]

heating oil is not the same as car fuel,
just because it is winter in China and they need heating oil is no reason why australia's car fuel should suffer a seasonal increase
B.

I think that Crazed Rabbit was talking about the massive increase in car use in China, leading to a massive increase in petrol use.

[Taurus]

I have 'sources' that say their will be a petrol strike this week

[Pop Alexandra]

What's the current vibe? Do oil companies still think they're untouchable?