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To: mountainlyons

The cost of producing Saudi oil is still $2. Nobody will process oil for $30 plus. They can’t compete.


67 posted on 10/17/2007 2:51:51 PM PDT by RightWhale (50 years later we're still sitting on the ground)
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To: RightWhale

We will never get Saudi oil for $2 a barrel. $30 per barrel is about what oil costs out of the ground in Colorado so this is competitive. What the US does not have because of the wackos is enough refinery capacity.


68 posted on 10/17/2007 3:09:20 PM PDT by mountainlyons (Hard core conservative)
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