 | The Bullroarer - Thursday 25 October 2007 | TOD: Australia/New Zealand | Australia: The Place To Be (Part 1) |  |
15 comments on The Bullroarer - Friday 26 October 2007
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Why does the Bullroarer keep giving up the Tapis price? Is it just because it's the highest? What benchmark do you aussies use for the price of your oil? We use the Dubai crude price here in NZ, which is nice cause it's usually one of the cheapest benchmarks. Combine that with our strong dollar and petrol prices aren't as bad as they could be. How's it going over the ditch right now?
Australian petrol prices are based on the Tapis benchmark (according to the oil companies anyway), so we figure its more relevant to Oz readers than quoting the WTI.
http://www.aip.com.au/pricing/marketwatch.htm
Anyway, like the NZ$, the A$ is very strong lately, so pump prices are a long way below what they were 2 years ago.
I didn't know NZ prices followed the Dubai crude price - can you suggest a good source for a daily update ?
That said, I'm only putting these articles in because the prices are breaking records each day, not because I feel that the Bullroarer should be a price ticker...
Gav?
Bullroarer? Bad choice IMHO. It's totally meaningless to anyone outside of Oz. I had to look it up in Wikipedia and it still didn't make sense.
The internet can be really cruel because participation is optional. I reckon you will think again.
Something catchy. Walkabout News?
I agree - I think Bullroarer needs to go back to the focus group for some re-evaluation. And Walkabout News is equally nonsensical, it seems to me (and very Australia-specific). How about something that ties in Australia, New Zealand, and Antarctica - Gondwana maybe - even though that's not strictly accurate either. Anzac? Anzoc? Across the Ditch?
Perhaps just leave it as Drumbeat. Or Southern Beat.
If enough people come up with a trans-Tasman friendly alternative that they like I'm happy to reconsider the title.
DrumBeat isn't an option as it will get people confused with Leanan's column.
Kiwis don't like Walkabout (which is fair enough) and Bullroarer came second in the poll (and there were a million suggestions from various people none of which seemed to rouse the passion of the masses).
Well, upstreamonline.com gives the Dubai price also...which is also currently at a record (surprise) for dubai, but its not that important.
The site that is important for NZ readers is this one:
http://www.med.govt.nz/templates/ContentTopicSummary____20094.aspx
Because it gives the current Dubai oil price in US and NZ dollars, and breaks down the price at the pump into taxes, cost of product, and seller margins. Its great to refute those "it's the greedy oil companies ripping us off" arguments.
Anyway, I don't have a problem with you posting the Tapis price, I was just curious as to why.
Rock On
Nymex 1 month is normally reported in Oz