Delta airlines, the largest in the world, or at least the country, got sick and tired of high fuel prices cutting into profits, and decided to do something about it; namely, obtain a refinery of its, her, (what gender are corporations?) very own, and for only a few million dollars at that.
This is a good thing. the machines is already there, sitting idle. It'll put folks back to work. america needs to produce and refine more oil. Why? because as long as we use it, we ought to produce it. meanwhile, let's move heaven and earth to develop new sustainable energy sources.
...the dead refinery that delta bought for about 35 mil is a refinery that has been shut down for some time, perhaps due to the recent recession, in pennsylvania, and local folks are evidently really really glad about delta's purchase of it. They want to go back to work.
The rust belt, pennsylvania, ohio, etc, has of course been suffering for many years, as american industry is outsourced to other countries to save labor costs and increase corporate profits for the shareholders and executives.
Wouldn't it be nice if the labor movement, what there is of it in other countries, succeeded in increasing its lot in life, so that american companies would come home? now at least this one refinery will come back to life, along with part of the penn economy.
but what is delta airlines gonna do, buy oil.... from...somewhere...(where?)...refine it, then turn it into passenget jet fuel? are they sure they can do all that? they must be. But anyway, hooray for delta, for being creative, and for taking action against a sea of troubles...
Does this mean that eventually there will be only one very large corporation in the whole world, and that this world wide corporation will own and control everything?
first, delta consumes all other airlines, while all the fuel companies like BP and Exxon-Mobile merge into one. then the financial services corporations and cartels unite.....well, you get the point....
If you sit on the runway in atlana in a delta passenger jet, waiting to take off, with 40 other delta passenger jets in line ahead of you, and hundreds more parked around the huge airport, you get the idea that yes, it could happen...
If the corporations of the world, particularly the american corporations, are destined to continue their mastery of us, then let us hope that our masters are healthy and benevolent, lest we perish with them.
Bb
PLEASE SCROLL DOWN THE OTHER ARTICLES IN TODAY'S ISSUE OF THE TRUTHLESS RECONCILER. THANKS!
JeH
ReplyDeleteSouthwest's key to financial success is its fuel hedging, where the company agrees to future fuel contracts that secure a particular price. As a result of different hedging strategies at each of the major airlines, oil fluctuations impact each of them differently. Southwest hedges more oil than any other airline, which has ensured the lowest prices on jet fuel during significant oil spikes. Southwest hedges around 70% of its fuel needs hedged, while most other major airlines have only between 20% an fuel hedged.[4] However, the downside to hedging extensively is being subject to overpaying for oil when oil prices plummet or pursue a downtrend.