Doesn't this show ACCC are on the same wavelength as the noteworthy Cambridge Energy Research Associates? Namely that high petrol prices are mainly due to lack of refining capacity.
I assume Pt Stanvac will require a complete makeover. This puts a stick up those who say Adelaide is living in the past. They will not only get a desal plant next door but possibly the last oil refinery ever built.
It is unlikely to be the last oil refinery ever built - there is a lot of construction in the middle east, and this trend could continue for a while, with refining capacity shifting to where the remaining oil is...
Doesn't this show ACCC are on the same wavelength as the noteworthy Cambridge Energy Research Associates? Namely that high petrol prices are mainly due to lack of refining capacity.
I assume Pt Stanvac will require a complete makeover. This puts a stick up those who say Adelaide is living in the past. They will not only get a desal plant next door but possibly the last oil refinery ever built.
It is unlikely to be the last oil refinery ever built - there is a lot of construction in the middle east, and this trend could continue for a while, with refining capacity shifting to where the remaining oil is...