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According to statistics from C-P and the US DOT, the Trainer refinery is capable of producing about 5% of the jet fuel burned by US airlines worldwide...
OK, to me this sounds brilliant. This might cut fuel cost, not completely eliminate them, and would allow Delta the Divine to not only compete, but bury the competition B)
Totally agree.This would seem yet one more example of how DL has figured out how get smart despite the obstacles and challenges that face it in the airline industry today.
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Not sure what a refinery costs but given that we are now pushing 40% of costs (or more than $10B per year in jet fuel), it would seem that beginning to control the input prices makes some sense.
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DL has been involved in energy before.... don't remember the details but it was called Epsilon trading. I don't think that entity survived BK.
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Maybe they'll throw in an employee discount for ConocoPhilips products - if also paid by the Amex card.
Black gold will always rebound. Buying a refinery is like guaranteeing a "get gas cheap" card. My financial advisor has said that oil will always be a commodity and it will always make money for investors.Sounds like a great idea, but what happens if the price of oil drops again (which it has done to some degree on a cyclical basis)?...
Richard Branson thought so too about 5-7 years ago - he was talking about buying a refinery. Then the idea faded away. Now he's talking about biofuel production...OK, to me this sounds brilliant.