Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Blood of Tyrants

Part of the record profits are the result of selling record amounts of gasoline.

That concept seems to be over the head of many armchair keyboard economists.

It probably comes as news to them that many refiners are not drillers. They have to buy all their crude oil at the world price.

There's not a separate price for American crude than Saudi crude (other than adjustments for quality).

Yes, those drilling for oil in the US are making a large profit on each barrel they produce, although their costs to get it are skyrocketing as well in terms of lease costs and rental equipment.


35 posted on 04/26/2006 6:50:40 PM PDT by Dog Gone
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Dog Gone
Part of the record profits are the result of selling record amounts of gasoline.

Consumption was down last month.

39 posted on 04/26/2006 6:53:51 PM PDT by Blood of Tyrants (G-d is not a Republican. But Satan is definitely a Democrat.)
[ Post Reply | Private Reply | To 35 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson