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Stephen Mayne

đŸ‘€ Speaker
1640 total appearances
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Appearances Over Time

Podcast Appearances

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

And he's a very well-regarded guy.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

I think you'll have a good chat with him because their AGM is coming up.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

And I've been to their last two or three AGMs.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

They're an interesting company.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

The other stats you hear is like their refinery in Geelong does 120,000 barrels a year.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

And the biggest in the world is in India, which does 1.2 million barrels a year.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

So...

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

Our biggest refinery is one-tenth the size of the world's biggest refinery.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

So we had seven at subscale.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

Even the biggest one in Singapore is 600,000 barrels a year.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

So it's five times the size of Geelong.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

So I did like your graph on the news the other night showing all the different refineries across the country that slowly got closed down over the last 20 years.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

We used to have eight refineries.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

which yeah it is a coalition i mean people like some people are angry with tony abbott for de-industrializing like uh he just happily he and hockey just let the car makers all close and it certainly was mainly under the coalition that we had most of the uh the closures and in the early days of the closures there was no government support so they had this sort of uh this sort of

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

Very, very hard-nosed position of not interfering, not bailing out, no handouts, let the market decide.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

And it was only at the back end of the coalition government, I think Agus Taylor was the minister, where they stumped up a couple of hundred million to save Brisbane and Geelong, which were the last two, and they would have gone as well.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

but for government bailouts.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

And now you've got bailouts everywhere.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

You've got, you know, Wyala.

The Money Café with Alan Kohler
Barrels, Boards, and Big Questions

You've got Gove up in FNQ.