Re: OT - Oil Bashing
"Rich256" <nospam@xxxxxxxxxx> wrote in message
news:O8cEf.319567$qk4.148727@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> RAM³ wrote:
>> "Rich256" <nospam@xxxxxxxxxx> wrote in message
>> news:Tb7Ef.318622$qk4.288704@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>>> I recently read that the "windfall" amounts to about 2.5 cents a gallon
>>> more than they made 5 years ago when their profits were low.
>>
>> Which shows the size of the margin on which they operate and the volume
>> delivered. <G>
>>
>> Lessee - $36.1B/$02.5 =1,444,000,000,000 gallons or 26,254,545,454.55
>> barrels.
>>
>> Lotsa gas!
>
> Just to be honest about it, I think the 2.5 cents was the added cost due
> to their increased profit. Anyway, that 2.5 cents is not as O'rilley says
> "going to drive us into a depression".
>
> And with that extra profit they have to go look for new oil which is
> getting pretty hard to find. Even Saudi Arabia is running out. They no
> longer are getting "gushers". They too have to drill deeper and deeper.
They're quite busy these days: they're re-working a lot of "played out"
wells around here.
Also, Libya has decided that US Companies are welcome there, again!
.
Relevant Pages
- Re: Fuel Costs
... The people selling the gas at the ... making the most profit, 8-10 cents/gal instead of the usual 4-5. ... Well four or five cents per gallon sure the hell is not where the ... Apache Junction, Arizona, gas was 33 cents per gallon. ...
(rec.outdoors.rv-travel) - Re: Fuel Costs
... The people selling the gas at the ... making the most profit, 8-10 cents/gal instead of the usual 4-5. ... Well four or five cents per gallon sure the hell is not where the ... Apache Junction, Arizona, gas was 33 cents per gallon. ...
(rec.outdoors.rv-travel) - Re: Ethanol and WTF?
... Look at the sticker enumerating the taxes per gallon. ... Use a calculator to determine profit per gallon. ... about 35 cents per gallon, ... state tax is more or about 30 cents. ...
(rec.boats) - Re: USA Today says dump the penny
... Sure, but the 100th anniversary is near, and congress ... Ten million cents per year is only 100 thousand dollars ... Meanwhile, the Mint will have been saving on cent production, and cent lovers ... to make a profit except on the cent and nickel. ...
(rec.collecting.coins) - Re: How much profit in gasoline ?
... > I just filled up at $3.10 a gallon. ... > The Federal tax is 18.4 cents a gallon. ... That would mean the wholesaler and retailer split a profit ... What is their return on investment? ...
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