It cost a lot more than fifty dollars a barrel to put it in what fools
Adjusting for inflation and for oil that was paid in lieu of royalties, the per-barrel cost was $73.77.
Oil is now below $49.
http://online.wsj.com/mdc/public/page/2_3028.html?category=Energy&subcategory=Petroleum
—yeah —new government economic wisdom— “buy high, sell low—”