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To: thackney

“WHAT! You want the owners of the oil to give it away for free??? Why!!”

Of course not.

The oft-quoted “price of production” numbers for Saudi remove the equivalent of royalty and taxation from the cost of production.

Obviously, both need to be added back in to make the numbers comparable.


39 posted on 12/01/2014 7:47:29 AM PST by TheThirdRuffian (RINOS like Romney, McCain, Christie are sure losers. No more!)
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To: TheThirdRuffian
The oft-quoted “price of production” numbers for Saudi

That is NOT the price of production. It is the price to balance their government spending. It is unrelated to the price of production.

40 posted on 12/01/2014 7:50:43 AM PST by thackney (life is fragile, handle with prayer.)
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