RV Fuel Issues & Prices - Post 'Em Here!
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onrecess wrote:
Yes, Texas crude went from $30 as barrel to $133. So let's see... OLD oil (already drilled and pumping) still costs big oil EXACTLY the same to get, refine, and transport. We use 50% our own oil. 26-28% OPEC. Now they base the price on OPEC's $133. And how exactly is that explainable if not outright theft??? Seems our avg cost (or oil's) is roughly $91. Strange that they charge you like it is $133. Shell started a program of shale oil in the last crunch which was only profitable at $50 barrel. So, why aren't they building it now? Lack of can-do? Bologna. Too much self-reliance would mean you couldn't pretend OPEC has you over a barrel. Prices could drop to $50. POOF! ONE HUNDRED BILLION DOLLARS of extra profit this year alone disappears.
How's them easter egss? I always preferred bunny ears... chocolate ones, that is.
Shell started a program of shale oil in the last crunch which was only profitable at $50 barrel. So, why aren't they building it now? Lack of can-do? Bologna.
As I wrote before, a Senate committee recently voted to ban obtaining oil from shale in Colorado. With this current enviroment, Shell should put it on hold.
OLD oil (already drilled and pumping) still costs big oil EXACTLY the same to get, refine, and transport.
Guess again. Big oil owns very little of those old oil fields. They are paying market prices for the oil.
