ABC reports Shell pullout.

[ryeman]

There is speculation the Shell brand is set to disappear and might be replaced by an Asian brand ....also pulling out of Arrow Energy liquid gas partnership.

[Struggo]

Shell haven't invested in their brand or stores in a long time, it's no surprise sales are down.

That said, it's a massive game changer Ryeman.

http://www.abc.net.au/news/2014-01-3...ations/5231278

[mik]

Just read an article on Forbes about shell, apparently shell has had a few projects turn out lemons and the company needs to sell up some stock to put back in petty cash. ....... give or take 15 billion.

I suspect due to the extra supply of fuels there is a bit of a glut around the world at the moment, not doing shell any favors .
with the fracking etc , US is now a bigger supplier of petroleum than Russia or the arabs.

[csv8]

COSTCO ? buy Shell ???
BP 172 Gladstone Rd Rockhampton is up for redevelopment..Notice in local paper this week...

[Bossxr8]

Originally Posted by mik

Just read an article on Forbes about shell, apparently shell has had a few projects turn out lemons and the company needs to sell up some stock to put back in petty cash. ....... give or take 15 billion.

I suspect due to the extra supply of fuels there is a bit of a glut around the world at the moment, not doing shell any favors .
with the fracking etc , US is now a bigger supplier of petroleum than Russia or the arabs.

If that's the case then why haven't global oil prices dropped due to oversupply. Or is all that just a con anyway, they just role out supply excuses to jack the price up?

[supershifty]

Delete this post please - already covered in a previous post.

[EASYBOSS]

All of Shell in New Zealand has been rebranded Z a couple of years ago

http://z.co.nz/

Don't bother me, I only use BP 98 in ever thing, including the lawn mowers

[mik]

Originally Posted by Bossxr8

If that's the case then why haven't global oil prices dropped due to oversupply. Or is all that just a con anyway, they just role out supply excuses to jack the price up?

I'm pretty confident the people that run the oil company's around the world have much greater control of oil prices than we give them credit for, prior to the global financial crisis oil prices had crept up quite high if my recollection is good.

Look a bit closer at the events, oil consumption during the GFC dropped considerably................ the oil ccompany's where losing money ............. All of a sudden oil prices came down for a period of time till things started to turn around.
by my reckoning the oil consortium s that have the power feel the prices out and keep them at a sustainable max profit level depending on state of the economy's of the world.
These people running the planet have their finger on the pulse of the world no doubt about it, so while they think we can afford to pay more...........we pay more, that is my take on it anyway.

[b0son]

Originally Posted by mik

These people running the planet have their finger on the pulse of the world no doubt about it, so while they think we can afford to pay more...........we pay more, that is my take on it anyway.

This.

People forget that oil doesn't just go into engines, its the basic starting material for pretty much EVERY synthetic material (from textiles to shampoo). If they profiteered too much, a recession would soon follow and demand for all those other products would plunge.

[ryeman]

....and if Big Oil don't have a stake in Hydrogen expect to see scare inducing stories about HYDROGEN!!! as in KABOOM just like autogas.....oh no, I forgot, they do have their fingers in that pie already, IT (LPG) IS safe.

[mik]

Originally Posted by b0son

This.

People forget that oil doesn't just go into engines, its the basic starting material for pretty much EVERY synthetic material (from textiles to shampoo). If they profiteered too much, a recession would soon follow and demand for all those other products would plunge.

That is what i meant to say, but you put it better than i did, you are on the money sir .

[ryeman]

....and ships?
Nuclear?.

[Cabbage]

Bring back Golden Fleece!

[ryeman]

Originally Posted by Cabbage

Bring back Golden Fleece!

Plume.
C.O.R.

[AU1XLS]

Ryeman you know what happens to threads that turn to dribble