Posted on 12/01/2014 2:15:44 PM PST by ckilmer
After all, don't they all have a bullet proof five year plan that runs their economies...
And Libya needing $318 per barrel to break even? I would suggest that a tribal war can get really expensive quickly.
Their refining capabilities are severely limited.
Put a gallon of crude into your gas tank.
I was surprised that their cost for drilling was so high. If they don't have any operational refineries for the crude type mostly produced, then it needs to get transported to where it can be used.
It is truly amazing how bad many Arab states are at managing technology, in all its various forms.
Tribalism in full display.
We provided the facilities and they F-ed us.
Fine.
They do not have the facilities nor the ability to do it.
The Muslim world can take their kingdom and shove it.
“So YOUR answer is to tell ME what to so. It’s okay for YOU to mind MY business but I can’t vent on the site without the likes of your pokey nose. :o) Figures!”
Perhaps a quibble. I didn’t suggest what you should do. In fact I said the opposite—live how you want.
I did, OTOH, suggest what you should not do. Do not use the government to tell me I must do things like live in a tiny house and bicycle to work and we’ll get along just fine. If you have a problem with not minding your own business, that makes you just another boring statist who knows how other people should live. We won’t get along at all in that case.
Quite likely. Consuming more than it can produce. Not unlike the US, until very recently. Growing economy is hungry for energy. Use up all the domestic production and import the rest.
Reportedly, the US has leaped forward and is now #1 in production, ahead of Russia, Saudi Arabia, China, and Canada.
For the last 40 years or so, the US has had a ban on crude exports in place. Maybe it's time to lift the ban. That might exacerbate problems in places like Caracas, Tehran, Moscow, Riyadh. What a shame.
Income for it was listed on his schedule E on WH site at one time
PAyne was not JUST a bookkeeper He wrote mineral leases for company and at the time it was customary to receive payment of one tenth of one percent of income from mine as payment. He died in October 1968. In December of 71 his daughter (0’s grandmother) became head of the trust Department /VP of bank ; Obamas legal guardian The family moved to a penthouse and O was enrolled in private school (all I a one month period—coincidence?)
Because they are not the oil production break even cost.
Those numbers represent what oil needs to cost, in order to balance those governments spending. Spending for military, welfare, etc.
The author is either extremely ignorant, or trying to mislead.
“return on net cumulative capital cost”
why is Europe’s so high and ours so low?
- - - - -
You need to show me where the term is used to understand the comparison between Europe and the US.
It’s in the title of the last chart posted.
Sorry, I missed it then word searched and of course, that skipped the images.
This article just grabs pieces from other sources and some are unrelated to others, like the breakeven costs in US are not comparable to the government spending breakeven cost of other nations.
There isn’t enough info here to know what was used for that chart.
Thanks. It seems weird.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.