Delta is trying to buy an oil refinery
05-01-2012 | 11:35 AM
#141
Gets Weekends Off
Joined: Dec 2011
Posts: 114
Likes: 0
My understanding of the purchase is that it isn't intended to make money. Nor is it fully intended that the product be utilized on DAL Airplanes. My take is that the purchase is intended to smooth out fuel price cavitations created by speculators. The volatility is what kills us. From a few articles I've read, it seems that Delta will be in the business of trading jet fuel and the byproduct thereof to get us fuel at lower costs from refineries serving other parts of the country.
This is really a cost savings measure.
This is really a cost savings measure.
05-01-2012 | 11:47 AM
#142
Moderator
Joined: Oct 2006
Posts: 13,088
Likes: 0
From: B757/767
My understanding of the purchase is that it isn't intended to make money. Nor is it fully intended that the product be utilized on DAL Airplanes. My take is that the purchase is intended to smooth out fuel price cavitations created by speculators. The volatility is what kills us. From a few articles I've read, it seems that Delta will be in the business of trading jet fuel and the byproduct thereof to get us fuel at lower costs from refineries serving other parts of the country.
This is really a cost savings measure.
This is really a cost savings measure.
05-02-2012 | 03:04 AM
#143
Gets Weekends Off
Joined: Nov 2009
Posts: 5,508
Likes: 109
My understanding of the purchase is that it isn't intended to make money. Nor is it fully intended that the product be utilized on DAL Airplanes. My take is that the purchase is intended to smooth out fuel price cavitations created by speculators. The volatility is what kills us. From a few articles I've read, it seems that Delta will be in the business of trading jet fuel and the byproduct thereof to get us fuel at lower costs from refineries serving other parts of the country.
This is really a cost savings measure.
This is really a cost savings measure.
09-06-2012 | 10:30 AM
#147
Thread Starter
Gets Weekends Off
Joined: Apr 2007
Posts: 709
Likes: 0
From: 320
Looks like Delta is going to try to use Domestic oil vs Imported oil.
Delta looking into North Dakota crude for refinery | Grand Forks Herald | Grand Forks, North Dakota
Delta looking into North Dakota crude for refinery | Grand Forks Herald | Grand Forks, North Dakota
09-06-2012 | 10:46 AM
#148
Banned
Joined: Feb 2011
Posts: 1,629
Likes: 0
From: 756 Left Side
Hate to say this about my competition... but it seems to be a pretty smart move~
If (in a few years from now) Delta is able to save 100-200 million a year versus the competition during the next down cycle, that will be huge!
There does come a point where you need to start thinking outside of the box.. and it seems as if Delta is doing just that.
Just hope that the Pilots can also see that, and can get their fair share of the pie~
Always
Motch
If (in a few years from now) Delta is able to save 100-200 million a year versus the competition during the next down cycle, that will be huge!
There does come a point where you need to start thinking outside of the box.. and it seems as if Delta is doing just that.
Just hope that the Pilots can also see that, and can get their fair share of the pie~
Always
Motch
09-06-2012 | 12:52 PM
#149
Thread Starter
Gets Weekends Off
Joined: Apr 2007
Posts: 709
Likes: 0
From: 320
If using Brent crude oil saves them 100-200 million a year I wonder what using WTI will do. It has been steady at about $15-20 spread for awhile. I wonder what they figure they save for every $10 a barrel.
09-06-2012 | 01:00 PM
#150
Gets Weekends Off
Joined: Jan 2008
Posts: 1,890
Likes: 0
From: 737A
Hate to say this about my competition... but it seems to be a pretty smart move~
If (in a few years from now) Delta is able to save 100-200 million a year versus the competition during the next down cycle, that will be huge!
There does come a point where you need to start thinking outside of the box.. and it seems as if Delta is doing just that.
Just hope that the Pilots can also see that, and can get their fair share of the pie~
Always
Motch
If (in a few years from now) Delta is able to save 100-200 million a year versus the competition during the next down cycle, that will be huge!
There does come a point where you need to start thinking outside of the box.. and it seems as if Delta is doing just that.
Just hope that the Pilots can also see that, and can get their fair share of the pie~
Always
Motch
Thread
Thread Starter
Forum
Replies
Last Post
