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To: E=MC<sup>2</sup>
Doesn't matter...they could SELL their "cheap" oil for $75 on the open market.

I'd suggest since this is 'American' oil, and tons and tons of it is freely given to the oil companies, they have to keep it in the American market...That'd be different, wouldn't it...

89 posted on 04/26/2006 7:32:01 PM PDT by Iscool (You mess with me, you mess with the whole trailer park...)
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To: Iscool

freely given?
Just hops from the ground into their refineries huh?


92 posted on 04/26/2006 7:33:17 PM PDT by listenhillary (The original Contract with America - The U.S. Constitution)
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To: Iscool

Are you willing to take a smaller salary or sell whatever you produce for less within America if you could get more internationally? There is a concept called opportunity cost in financial analysis which states that the true cost of using some resource is the higher of actual production costs OR the highest lost opportunity cost of using or selling that resource for some other purpose. If you could produce a barrel of oil for $7, but you could sell that barrel on the world market for $55, it is costing you $55 dollars to use that barrel of oil not $7, and this would be in accordance with generally accepted accounting practices.


101 posted on 04/26/2006 7:45:09 PM PDT by E=MC<sup>2</sup> (Are liberals born stupid, or do they have to work at it???)
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To: Iscool
That'd be different, wouldn't it...

That would be nationalization.

136 posted on 04/26/2006 8:23:56 PM PDT by Mike Darancette (Proud soldier in the American Army of Occupation..)
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To: Iscool
I'd suggest since this is 'American' oil, and tons and tons of it is freely given to the oil companies

What are you talking about? Do you not understand leases, royalties and taxes?

144 posted on 04/26/2006 8:28:54 PM PDT by thackney (life is fragile, handle with prayer)
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