Quote:
Originally Posted by Finfeatherfur
Wag - my point on that comment is this - everyone complains about the price of oil, but no one does anything about it! How can the oil companies sell gas at 1.50/gal when it cost 2.90/gal to produce it? Let us drill, let us build refineries and you will have 1.50/gal gas!
Everywhere I go, people say man, ya'll must be making a killing - completely opposite! Quit fighting the oil companies and fight the government - who is killing the industry.
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really?
2.90 to produce
my figure may have been a little low, but 2.90 to produce is ridiculous
if oil companies arent making money please explain this
"Those higher oil prices have fattened oil company
profits. Excluding BP PLC, the four other major investor-owned oil companies posted combined profits of $59.7 billion in the first nine months of 2010, a
49 percent increase from the year before.
Exxon Mobil Corp., Royal Dutch Shell, Chevron Corp. and Total SA are expected to earn $81 billion for the full year.
The fifth oil giant, BP, was held responsible for the largest offshore oil spill in U.S. history and booked $39.9 billion in charges related to the disaster. Excluding special expenses like the Gulf of Mexico spill, analysts say the company will still earn $20.2 billion in 2010."
from
http://mobile.sun-sentinel.com/wap/n...title=Business