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expenses for the producers goes up.

If y'all are losing money at $55 oil, that means that your costs have almost tripled in the last 10 years. Because the decade before that, y'all were selling oil at less than $30 a barrel and making a nice profit.

I'd almost bet those Saudi Sheiks are having to fly coach to Houston...

hat means that your costs have almost tripled in the last 10 years

Look at the drilling cost as an example. I believe the cost per well has more than tripled in 10 years.

Because the decade before that, y'all were selling oil at less than $30 a barrel and making a nice profit.

While less was invested, production declined until demand pushed it up. There is no question that we had access to cheaper, shallower, easier to produce fields back then. Horizontal drilling was uncommon, it didn't require more than a dozen stages of hydraulic fracturing to make an economical well.

So is it your claim the expenses in the 10-K and Annual reports are faked? Do you think their is a hidden pile of money growing under the mattresses?

Please consider the following charts:

Price of Oil plotted against Price of Gold

Does that help? In that twenty year time how much has the dollar fallen? How much has commodity prices climbed?