Throughput of Indigenous Crude and Gasoline Price Impact
The analysis describes how increasing Australian crude usage distorts refinery operations. It notes that with 4-10 percent indigenous crude, minor cost increases occur, but rising to 40 percent triggers higher costs. Profits for refining firms stay tight, and added petrol costs scale from about 0.4 to over 13 cents per gallon as indigenous crude share grows.
MENTIONED IN THIS ARTICLE
McEwen
Australia
Faust
North Africa
Venezuela
Indonesia
Is the oil exploration incentive necessary
The article questions whether the exploration incentive is still needed arguing it has failed to spur major discoveries in its three years. It notes expected self sufficiency by 1971, suggests no need to push refinery support, and cites Gippsland as competitive with foreign crudes with future exploration likely to continue without heavy subsidies.
MENTIONED IN THIS ARTICLE
Moonie Oil
Barrow Taland
Gippsland
Tariff Board
Esso Rhp
Gippsland Bharin
Australia
Middle East
USA
Venezuela
Africa
Barrow Teland
Moonie
Faso Bhp
Barrow Island
Britain
Faso-Bhp Group
Armila
Also Mentioned on This Page
E. Metcalfe
Commonwealth Employment Office
Canberra
Ainslie Avenue
D.j's
David Jones
D.j’s
Evita
Ene
Vate
Djs
D.P