Just watching the news and there was a segment about how petrol prices at the bowser have not gone down commensurate with the 60% drop in the price of crude and how retailers (and refiners I think as well) are pocketing increased margin. Maybe we need to have Rio Tinto move into petrol retailing: too invest heavily in setting up a distribution network (CAPEX), undercut all other petrol retailers and (hopefully) take out competitors while earning a substantial(ly thin) profit for shareholders. Heck why not get into banking as well and undercut the Big 4 banks. I know Sam Walsh would be at frothing at the mouth for such an opportunity.
Won't benefit shareholders much but would benefit me and countless other consumers and home owners tremendously.
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