My guess would be to double your initial number to build all the top ground facilities, then add your quoted number on top. Then you approach cost to get oil at the beginning of the pipeline.
LOL!
Read the next line of the article you quoted (which I posted)
“The figures for operating costs come out of ConocoPhillips’ financial reports and do not include taxes, capital investments or transportation costs.”
That is just what it cost to operate it after you build it. You also have to pay lots and lots of taxes (typically 3 times profit, higher in Alaska) and then pay to move the oil to market.
My guess would be to double your initial number to build all the top ground facilities, then add your quoted number on top. Then you approach cost to get oil at the beginning of the pipeline.
My guess would be to double your initial number to build all the top ground facilities, then add your quoted number on top. Then you approach cost to get oil at the beginning of the pipeline.
LOL!
•Estimated Return on Investment 3.5:1 (After-Tax Benefits)
Sounds too good to pass up!
In all seriousness though, as unthinkable as it seems, could we be seeing an actual "oil bubble" developing?