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    Corytown oil refinery bankrupt

    Corytown refinery in Essex which refines 170.000 barrels of oil a day to supply London and the South East with our petrol and diesel.

    No tankers have left the depot to deliver today and already fuel is going short in the area .

    Diesel is expected to go through the 1.50p a litre very shortly
    I'm proud of my 38" waist , also proud I have never done drugs

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    obviously the price of refined gas and diesel is not high enough. Thanks to the money printing of the socialist western govts, inflation is squeezing everyones margins.

  3. #3
    sabaii sabaii
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    England will soon be the new Pakistan

    All the manufacturing has gone, albeit Walkers Crisps

    Service Industry now

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    Quote Originally Posted by sabaii sabaii View Post
    England will soon be the new Pakistan

    All the manufacturing has gone, albeit Walkers Crisps

    Service Industry now
    And the service industry is shrinking too. Famous Retail companies are collapsing on a weekly basis. many large Insurance companies and call-centres have closed down/relocated abroad.

    I might retrain as a sandal/shoe repairer and head out to Karachi to see if there any any job opportunities. There sure as hell aren't any in blighty right now!

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    The refinery was owned by a Swiss company that has gone bankrupt, the refinery's biggest customer is BP, it will operate under the liquidators until it has a new owner.
    Just scaremongering by the union, hoping exacerbate the striking tanker drivers dispute that has started in the North of England.

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    Quote Originally Posted by socal View Post
    obviously the price of refined gas and diesel is not high enough. Thanks to the money printing of the socialist western govts, inflation is squeezing everyones margins.

    So Socal, since you're such the expert, could you tell us current Refining Net Margins, and whether or not this refinery is actually making a profit or loss?

    Especially given that half a dozen parties have already approached the administrators with a view to buying Coryton?

    Or are you just spouting shit again?

  7. #7
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    Quote Originally Posted by Bower
    ust scaremongering by the union, hoping exacerbate the striking tanker drivers dispute that has started in the North of England.
    I wouldn't think the Swiss company going bankrupt was anything to do with the tanker drivers trade union .

    The tanker drivers are a complete separate entity from the refinery , and nearly all of them ( no matter whether it says Sainsbury's or BP on the door are employed by a Dutch company called Hoyer

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    BTW it aint scaremongering the garages here are already running out

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    Quote Originally Posted by nigelandjan View Post
    BTW it aint scaremongering the garages here are already running out
    Coryton supplies 20% of the SE petrol market, so it's going to take a while for others to pick up the slack.

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    The nearest one;s will be on the south coast from here Harry ,, which means all that lot coming up through the Dartford tunnel and all that goes with it, thousands more miles of tanker journeys, what with this and the impending gulf crisis I think were gonna hit the 1.50 mark very soon

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    No doubt Fawley has spare capacity, most sensible refiners only make what they can sell.

    Petroplus probably hedged years ahead on crude prices, not expecting it to tank like it did, and are now having to pay way over the odds for the futures they bought, leaving them making an unsustainable loss. Now they're fucked and the banks won't bail them out.

    In other words: Greedy capitalists get it wrong - again.

    Only a moron like Socal would blame socialists for that fuck up.


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    Panic buying by now. Prices up next.

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    Quote Originally Posted by sabaii sabaii View Post
    England will soon be the new Pakistan

    All the manufacturing has gone, albeit Walkers Crisps

    Service Industry now
    Join up with the Yanks...Your politicians sold you out.

  14. #14
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    Quote Originally Posted by Smug Farang Bore
    Panic buying by now. Prices up next.
    Your right there SFB ,, garages empty here now after just one day + prices up ,, we got half our lorries empty tonight

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    Quote Originally Posted by harrybarracuda View Post
    No doubt Fawley has spare capacity, most sensible refiners only make what they can sell.

    Petroplus probably hedged years ahead on crude prices, not expecting it to tank like it did, and are now having to pay way over the odds for the futures they bought, leaving them making an unsustainable loss. Now they're fucked and the banks won't bail them out.

    In other words: Greedy capitalists get it wrong - again.

    Only a moron like Socal would blame socialists for that fuck up.

    The socialist handouts promised by western nanny states are paid for at least partially by printing money which stokes inflation and high oil prices.

    So like usual, the socialists mis diagnose the peoblem

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    ^ Too funny Ok that's enough from you Socal back in your box!

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    Quote Originally Posted by Stinky View Post
    ^ Too funny Ok that's enough from you Socal back in your box!
    oh fuck is it ever funny. Do you know who the federal reserve is by any chance..

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    ^Is it the jews?

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    ^ Only the socialist Jews, or maybe it's the Socialist Jews and liberal Nazis got together and formed a pact? Who knows what goes on inside a Socal mind ???

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    Quote Originally Posted by Stinky View Post
    ^ Only the socialist Jews, or maybe it's the Socialist Jews and liberal Nazis got together and formed a pact? Who knows what goes on inside a Socal mind ???
    where do you think the Fed gets the money Stenchy ?

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    The plant is back in production and deliveries resumed.

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    It is but being run by the admin for the moment ,, in the meantime today over the other side of the Thames ,, Sheerness steel have just gone pop putting 400 on the ol jam roll

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    Yet Subway, McDonalds and a load of other shit sellers are creating jobs by the thousand.

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    ^ Shite job for sure but someone's gotta serve me my 12" meatball with jalapinos.

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    Thats the Tories dream Harry ,, the masses in the minimum wage service sector

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