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To: Jewbacca

That is not production cost.

Those governments get significant revenue from the oil production. Those number are the required price of oil to balance their government spending. They are not related to the cost of production.


26 posted on 12/01/2014 7:28:51 AM PST by thackney (life is fragile, handle with prayer.)
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To: thackney

OK, then remove the 1/4 royalty from US production and the 1/3 tax burden (severance and income) and re-compare.


29 posted on 12/01/2014 7:31:06 AM PST by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem)
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