MR BRYAN NYE Executive Director, Australian Institute of Petroleum  May 02 “Today’s Downstream Oil Industry in Australia”  
"The rhetoric often expressed in the media is that the petroleum industry is dominated by mega oil companies who are making billions of dollars of profits at the expense of the motorist who are being ripped off at the pump.
The reality is that the industry is in crisis. As currently structured the refinery industry across Australia has been operating at a loss for a number of years yet it urgently needs to be able to fund investment to meet the Government timetable for new fuel specifications and greenhouse gas reductions. At the retail level there is a myriad of regulations at all levels of government that are preventing market restructuring to the detriment of the consumer. So where do we go next and is there a way forward."
 
 
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