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($25 pumping fee)   Two of the most hated industries are oil companies and commercial airlines. So, let's welcome our new Voltron of Suck: DeltaConocoPhillips   (refiningandpetrochemicals.energy-business-review.com) divider line 33
    More: Obvious, Voltron, DeltaConocoPhillips, ConocoPhillips, oil companies, refineries, LaGuardia, airlines, global sourcing  
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762 clicks; posted to Business » on 01 May 2012 at 8:52 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



33 Comments   (+0 »)
   
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2012-05-01 08:55:51 AM
Oh, they'll be sure to pass those savings along to us, right? Right? Right?
That's how it works so I am confident it will happen.
 
2012-05-01 08:57:47 AM
Great. Now that one airline has a refinery, they're all going to want one.
 
2012-05-01 08:58:50 AM
Now they just have to find a real big Corn company to join up with and they can Ethanol the plane fuel and then upcharge everyone for being eco-friendly.
 
2012-05-01 09:07:28 AM
What industries aren't hated these days? List a few that the general populace love. I'm sure there are a few, I just can't think of them at the moment.
 
2012-05-01 09:13:03 AM
Can't wait for the refinery fee to be tacked on to the ticket. Of course, they'll waive the fee if you sign up for their BP-Delta-American Express card.
 
2012-05-01 09:17:13 AM
Whatever industry Monsanto is in.
 
2012-05-01 09:20:35 AM

Honest Bender: Whatever industry Monsanto is in.


Agriculture industry.. or genetic engineering.
 
2012-05-01 09:29:09 AM

Cythraul: What industries aren't hated these days? List a few that the general populace love. I'm sure there are a few, I just can't think of them at the moment.


Video Games. I think Valve does enough good to offset EA's douchebaggery.
 
2012-05-01 09:31:45 AM

russlar: Cythraul: What industries aren't hated these days? List a few that the general populace love. I'm sure there are a few, I just can't think of them at the moment.

Video Games. I think Valve does enough good to offset EA's douchebaggery.


True. Valve is loved. But it's only a part of the industry. I think the greater industry of video game development sucks due to UbiSoft, Activision, and the notorious EA.
 
2012-05-01 09:47:40 AM
Putting aside the hate though, this looks to be pretty smart. They are going to maximize jet fuel production at this refinery and trade the other products of the refining process with other refineries for more jet fuel. $150 million to purchase and they expect to save $300 million annually. Plus, it's keeping an east cost refinery open which will help keep gas prices there from rising further.

I agree with the above posters that if this works for Delta, we'll see the other major airlines make this move.
 
2012-05-01 09:47:43 AM
Just bought a ticket to Europe. Ticket was a little over $700. Cool. Freaking taxes and fees (of which there was no itemization) were over $600. WTF? Sorry, just wanted to rant, and it was with Delta (and it was also the cheapest one, through Expedia. The same ticket on Delta's site was over $1600. Go figure).
 
2012-05-01 09:51:51 AM

greatgodyoshi: Just bought a ticket to Europe. Ticket was a little over $700. Cool. Freaking taxes and fees (of which there was no itemization) were over $600. WTF? Sorry, just wanted to rant, and it was with Delta (and it was also the cheapest one, through Expedia. The same ticket on Delta's site was over $1600. Go figure).


I hear of the Western nations, the U.S. is the only one to get gouged like that on international flights. From what I've heard, Europeans enjoy a much cheaper ticket price for over seas flights.

This is anecdotal, mind you.
 
2012-05-01 09:55:14 AM
You are a business and you have the opportunity to control one of you biggest expenses, wouldn't you take it?

Will the flying public see a direct benefit? Probably not. At best, it might slow down a fare increase.
 
2012-05-01 09:56:18 AM

Cythraul: What industries aren't hated these days? List a few that the general populace love. I'm sure there are a few, I just can't think of them at the moment.


Porn?
 
2012-05-01 09:58:43 AM

Cythraul: I hear of the Western nations, the U.S. is the only one to get gouged like that on international flights. From what I've heard, Europeans enjoy a much cheaper ticket price for over seas flights.

This is anecdotal, mind you.



Actually it's because it costs so darn much to fly into and out of a lot of europe. The taxes the UK puts on flights would make someone from CA blush....

Although this is just my perception so I could be way off as well. Plus the exchange rates don't help.
 
2012-05-01 10:01:53 AM
If you don't like them, don't be a customer.

It's just that simple.
 
2012-05-01 10:13:34 AM

MilesTeg: If you don't like them, don't be a customer.

It's just that simple.


It's getting a bit harder to do when companies like this own everything.

Try getting cable without giving money to Disney or Fox for example. Or buying pretty much anything in your house without it getting back to the Koch brothers.
 
2012-05-01 10:24:01 AM
We used to see more of this vertical integration of the supply chain in the US about 100 years ago. Then someone decided that it was Trust like behavior and broke the companies up.

Southwest tries to control their fuel costs by purchasing futures contracts on Jet Fuel. Most companies do, but Southwest will lock in lots of long term contracts when prices are low. I imagine that Southwest is watching this very closely. If Delta makes it work, I would bet Southwest will be next in line.
 
2012-05-01 10:33:28 AM
not a bad idea really...fuel is probably one of their biggest operating expenses. Next is cutting human workforce back in favor of T-100s.

/didn't we do this thread a few weeks ago though..?
 
2012-05-01 10:42:30 AM

ihatedumbpeople: /didn't we do this thread a few weeks ago though..?


The previous thread was on the speculation that Delta -might- do it. This one is on Delta going ahead and doing it.

Though really, THIS

Delta has used $30m in state government assistance for the deal.

..is the line I thought would grab more people's attention.
 
2012-05-01 10:47:02 AM
Shouldn't it be DeltaCitgo?

1.bp.blogspot.com
njwebsite.net

/Just sayin'...
 
2012-05-01 10:51:03 AM

The Bestest: Delta has used $30m in state government assistance for the deal.

..is the line I thought would grab more people's attention.



I thought that too... are they going to dish out $30m in discounts to the taxpayers that helped them buy that refinery? No? Oh, carry on then.
 
2012-05-01 11:05:55 AM

greatgodyoshi: Just bought a ticket to Europe. Ticket was a little over $700. Cool. Freaking taxes and fees (of which there was no itemization) were over $600. WTF? Sorry, just wanted to rant, and it was with Delta (and it was also the cheapest one, through Expedia. The same ticket on Delta's site was over $1600. Go figure).


Taxes and facility fees in Europe are MUCH higher than the US.

The last time I priced a ticket ATL-GAT-ATL, the outbound fees were $725. Inbound was $120.
 
2012-05-01 12:06:17 PM
Which one is forming the head?

//Not obscure in the least.
 
2012-05-01 12:50:05 PM

MLWS: Which one is forming the head?

//Not obscure in the least.


It is you're under 30.
 
2012-05-01 12:50:40 PM

Cythraul: MLWS: Which one is forming the head?

//Not obscure in the least.

It is if you're under 30.


FTFM
 
2012-05-01 02:59:09 PM

The Bestest: ihatedumbpeople: /didn't we do this thread a few weeks ago though..?

The previous thread was on the speculation that Delta -might- do it. This one is on Delta going ahead and doing it.

Though really, THIS

Delta has used $30m in state government assistance for the deal.

..is the line I thought would grab more people's attention.


It was a shuttered refinery from needing too costly of improvements to meet specs. It would have just sat there without government assistance.
 
2012-05-01 05:39:07 PM

Enormous-Schwanstucker: Oh, they'll be sure to pass those savings along to us, right? Right? Right?
That's how it works so I am confident it will happen.


I'm pretty sure they think the combination will allow them to make more a little more profit and more stability than other similar businesses while offering a level of service that will be substantially equivalent to what customers expect to receive for the kind of money they are paying.
 
2012-05-01 06:18:26 PM

Big_Fat_Liar: Enormous-Schwanstucker: Oh, they'll be sure to pass those savings along to us, right? Right? Right?
That's how it works so I am confident it will happen.

I'm pretty sure they think the combination will allow them to make more a little more profit and more stability than other similar businesses while offering a level of service that will be substantially equivalent to what customers expect to receive for the kind of money they are paying.


Hehehehe...well put :)
 
2012-05-01 09:51:11 PM

plcow: It was a shuttered refinery from needing too costly of improvements to meet specs.


It was a RECENTLY shuttered refinery, and the reason it (and the other refineries in this area) need costly improvements is that the oil companies have been putting as little into them as they can for decades.

/it's like never doing repairs on your house and then biatching when the roof caves in.
 
2012-05-01 11:07:28 PM

Cythraul: Cythraul: MLWS: Which one is forming the head?

//Not obscure in the least.

It is if you're under 30.

FTFM


Considering how crappy the reboot made by NickToons is, it will probably stay that way.

/the Thundercats reboot is pretty good tho.
 
2012-05-02 04:24:21 AM
Delta + oil refinery would still be exposed to price changes in the crude oil market. Oil Refineries historically have poor margins, there is a good reason why oil companies are getting out of the refining business.

if oil companies could not make vertical integration work for them, what chance does an airline have?

Southwest will NOT abandon its futures strategy to hedge prices; futures have a much lower initial investment, and if it all goes awry, futures are easier to sell to someone else. An oil refinery, on the other hand, is not.
 
2012-05-03 01:44:07 AM
Subby is daft and most commentators didn't RTFA. Oh right, this is Fark.
 
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