Mr President T said he had spoken to his Mate...."
The Shiek from Scrubby Creek"....who had advised he had spoken to his
"Mate from Puten" and they had agreed to stop this overproduction
of 100,000 barrels of Crude per day
Only problem was when an independent 3rd Party [person] asked the same persons [
from the Middle East & Moscow] both denied any knowledge of discussions with Mr President T, and each so ramped up daily oil production which is the real cause of the drop on the floor price of petroleum products
Last week, about $1.10/litre for E10 at the moment in Sydney & $0.90 for E10 in Adelaide??.......[as Brian mentions a $0.30 rise per litre in the past few days
We sold off ~~50% of our domestic production some 20 years ago ....[lets hope the PETRONAS refinery in Malaysia dosn't hickup, or worse still that we have a Diplomatic spit with these Northern neighbours
.......................
PS.....prior to the closure of our refinery capacity, it was a Government mandate that
40 days reserve was to be held here in Australia ....current estimates are approx
14 days........[the Government blames the Fuel Co's & naturally visa versa]
