Australian Politics Forum - We Must Cut The Price Of Petrol.

perceptions_now

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Re: We Must Cut The Price Of Petrol.
Reply #15 - Aug 30^th, 2010 at 4:29pm

Quote:

Yes I know petrol is to expensive, and you are right. Something should be done about it. I'm crook on it.

Well, there would be a way to do it, by getting rid of the Fuel Tax!

However, given that taxes are very likely to increase overall, I see little chance of either Labor or Liberal forgoing some $15-20 Billion in Fuel Tax!

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qikvtec Gold Member Offline Australian Politics Posts: 1846 Queensland	Re: We Must Cut The Price Of Petrol. Reply #16 - Aug 30^th, 2010 at 4:33pm Port of Brisbane still has oil refineries (as does Melbourne IIRC)
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gizmo_2655

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Re: We Must Cut The Price Of Petrol.
Reply #17 - Aug 30^th, 2010 at 4:34pm

... wrote on Aug 30^th, 2010 at 4:25pm:

gizmo_2655 wrote on Aug 30^th, 2010 at 4:16pm:

... wrote on Aug 30^th, 2010 at 4:03pm:

gizmo_2655 wrote on Aug 30^th, 2010 at 4:00pm:

Life_goes_on wrote on Aug 30^th, 2010 at 3:51pm:

Quote:

Both of which people would scream 'Socialism' about....

It might be socialism, but what exactly is the downside?

There really isn't one....
I don't have a problem with the Government TELLING the petrol companies what price they should or can charge per litre for petrol...

But there's a lot of people here who will complain about the Government 'interferring' in private enterprise....

But you've got to wonder what leverage a government would have. Big Oil exec could just say 'fine, no petrol for you' and then the country grinds to a halt....

However wesley...the problem with THAT is....90% of the petrol WE use/buy actualy comes from HERE....Bass Strait and the North West Shelf.....

It's pumped out of Australian wells, sold to Indonesian refineries(for about 0.05c per litre)..procesed in Indonesia, then bought back from the refineries(by the SAME company) at world 'parity' prices...

In a nutshell....Shell Australia sells the oil to Shell Indonesia for less than $5 per barrel, then buys it back from Shell Indonesia at $60-$75 per barrel, for sale in Australia....

The left hand 'gives' it to the right hand...then the left hand buys it back from the right hand, at an obscene markup...

Does australia have the ability to turn crude oil into the petrol you find at the pumps? I don't know, but if australias track record on 'value adding' is anything to go by, we still NEED them to turn our oil into pterol, thus they can dictate the terms.

YES we do wesley...Australia just about 'floats' on light crude oil...the ONLY thing we can't produce, and have to import is in fact 'engine oil'...Our crude oil will even run a deisel oil engine, without processing...

We import the oil that is used to make 'sump oil' for lubrication....everythig else, we produce HERE...

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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat

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gizmo_2655 Gold Member Offline Australian Politics Posts: 16010 South West NSW Gender:	Re: We Must Cut The Price Of Petrol. Reply #18 - Aug 30^th, 2010 at 4:36pm qikvtec wrote on Aug 30^th, 2010 at 4:33pm: Port of Brisbane still has oil refineries (as does Melbourne IIRC) Yes, but 25 years ago, EVERY major city had a refinery....now, most of our oil is sent overseas for refining...
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... Gold Member Offline Posts: 23673 WA Gender:	Re: We Must Cut The Price Of Petrol. Reply #19 - Aug 30^th, 2010 at 4:39pm Well then, I'm convinced....let's nationalise oil and gas and kick the barons to the kerb.
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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: We Must Cut The Price Of Petrol. Reply #20 - Aug 30^th, 2010 at 4:44pm Quote: Yes I know petrol is to expensive, and you are right. Something should be done about it. I'm crook on it. You could always get a job. Its amazing how much cheaper things appear to be when you earn a living instead of bludging off welfare.
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Life_goes_on Gold Member Offline Posts: 4772 400kms south of Yobsville, Qld Gender:	Re: We Must Cut The Price Of Petrol. Reply #21 - Aug 30^th, 2010 at 4:47pm You can't compare petrol prices in Venezuala to those we pay here in Australia. The oil industry in Venezuala is nationalised and what they use domestically is a fraction of what they export.
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gizmo_2655 Gold Member Offline Australian Politics Posts: 16010 South West NSW Gender:	Re: We Must Cut The Price Of Petrol. Reply #22 - Aug 30^th, 2010 at 4:50pm ... wrote on Aug 30^th, 2010 at 4:39pm: Well then, I'm convinced....let's nationalise oil and gas and kick the barons to the kerb. LOL wouldn't it be nice.....
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aikmann4 Gold Member Offline Posts: 2093 canberra	Re: We Must Cut The Price Of Petrol. Reply #23 - Aug 30^th, 2010 at 4:52pm How much crude oil do we have in our reserves?
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gizmo_2655

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Re: We Must Cut The Price Of Petrol.
Reply #24 - Aug 30^th, 2010 at 4:53pm

Life_goes_on wrote on Aug 30^th, 2010 at 4:47pm:

You can't compare petrol prices in Venezuala to those we pay here in Australia.

The oil industry in Venezuala is nationalised and what they use domestically is a fraction of what they export.

I don't compare the price here with Venezuala...they DID nationalise the industry.....however, Venezuala does have the cheapest price per litre at the pump....and they export at the World Parity Price....

Much the same as the price of beef...

Venezuala ONLY exports their excess petrol and beef....which probably isn't a 'bad' thing...

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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat

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Life_goes_on

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Re: We Must Cut The Price Of Petrol.
Reply #25 - Aug 30^th, 2010 at 4:56pm

gizmo_2655 wrote on Aug 30^th, 2010 at 4:50pm:

... wrote on Aug 30^th, 2010 at 4:39pm:

Well then, I'm convinced....let's nationalise oil and gas and kick the barons to the kerb.

LOL wouldn't it be nice.....

While we're at it, how about we get decent quality petrol as well - and not the rubbish that is usually reserved for third world countries?

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gizmo_2655 Gold Member Offline Australian Politics Posts: 16010 South West NSW Gender:	Re: We Must Cut The Price Of Petrol. Reply #26 - Aug 30^th, 2010 at 4:56pm aikmann4 wrote on Aug 30^th, 2010 at 4:52pm: How much crude oil do we have in our reserves? No idea....of course the 'reserves' info does come from the petrol companies... Back in the 70's we had twice the reserves that Arabia did....so it's a little difficult to work out...
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Life_goes_on Gold Member Offline Posts: 4772 400kms south of Yobsville, Qld Gender:	Re: We Must Cut The Price Of Petrol. Reply #27 - Aug 30^th, 2010 at 4:57pm Quote: I don't compare the price here with Venezuala... I think it was Vege who posted the email about the price in Venezuala vs here.
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gizmo_2655 Gold Member Offline Australian Politics Posts: 16010 South West NSW Gender:	Re: We Must Cut The Price Of Petrol. Reply #28 - Aug 30^th, 2010 at 5:16pm Life_goes_on wrote on Aug 30^th, 2010 at 4:57pm: Quote: I don't compare the price here with Venezuala... I think it was Vege who posted the email about the price in VenezuaVenezuala la vs here. True, but Venezuala DOES have nationalised petrol production....
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Life_goes_on

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Re: We Must Cut The Price Of Petrol.
Reply #29 - Aug 30^th, 2010 at 5:31pm

gizmo_2655 wrote on Aug 30^th, 2010 at 5:16pm:

Life_goes_on wrote on Aug 30^th, 2010 at 4:57pm:

Quote:

I don't compare the price here with Venezuala...

I think it was Vege who posted the email about the price in VenezuaVenezuala la vs here.

True, but Venezuala DOES have nationalised petrol production....

I know. That was part of my argument against it being a valid comparison.

Quote:

The oil industry in Venezuala is nationalised and what they use domestically is a fraction of what they export.

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"You're just one lucky motherf-cker" - Someone, 5th February 2013

Num num num num.

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