On a more serious note, there must have been a hell of a bidding war if BP reduced their fee by almost 50%! This should be interesting both for people watching Iraq and for people interested in the energy industry.
And, of course I would misspell ExxonMobil in the title of the tread. *sigh* This just hasn’t been my day.
Just think how bad the business climate in the US must be if these companies will brave all the hardship of drilling in a war zone for $2 a barrel rather than try to drill here.
And just remember this the next time someone goes on about “Big Oil”. The “really big oil” companies are the ones who hire BP and Exxon and pay them two or three bucks a barrel. Make them put up all the investment money and then pay them a couple bucks a barrell for their trouble.
The “really big oil” companies are governments. What we usually call “big oil” are the very few and rare private oil companies who are mostly just contractors to the “really big” government oil companies.