Mark Mitchell
๐ค SpeakerAppearances Over Time
Podcast Appearances
although they are limited by planes and seats.
And surely this must be one of the best parts of the world to go at the moment.
If you're going to Europe or Europe's coming down here, you're going through Asia, you may be going through America.
If you're not going through the Middle East, this is all good for us.
But anyway, this thing I discovered yesterday that I hadn't known about was Delta.
They bought the trainer refinery to directly control their expense of jet fuel.
They did it in 2012.
It's in Pennsylvania.
They called it a physical shield against market spikes.
I mean, how fortuitous was all of that?
And at the time, they do 185,000 barrels of crude a day.
So that basically allows Delta to secure the jet fuel at a much lower cost.
And it helped save, they think then, and this was back in 2022 when the last fuel price surge came along, it was saving them $785 million.
By owning your own refinery, you will never be short of jet fuel.
Isn't that amazing?
Quick word on the BSA if I could.
Paul Goldsmith yesterday suggested he was at a meeting, public meeting in Waikano.
He was outlining somebody asked him about the BSA.
The BSA, I can't work out whether it's a story or not, because I went to the BSA website this morning to just see what they do.
They don't do anything.