[fedupjohn]

Do you REALLY believe they are making only 10% profit when their total cost is probably only about a buck? You further demonstrate that you know nothing about the industry and their costs. You are off the planet with your assumptions. They are dead wrong, and irrefutable proof that strong opinions can be based on total ignorance.

No I posted that, I used $1.00 a gal as an example, to show a financial relationship between raw materials and operating costs, and normal business O & P parameters and the petroleum parameters.

Now you post your credentials, telling me and US about you knowledge of the Petroleum Industry, if you can't; take you crap and go back to DU.
I laid out an industry standard financial process that I can back up with anything you need. Matter of fact. Print my post out and bring it to you local gas station, A**Hole and ask him.

[Dog Gone]

I've worked for a major oil company for over 25 years. I work in the business side, not out in the field. I work with the geology, economics, and business risk part of the industry.

Now tell me your credentials and why you shouldn't go back to DU.

Your stupidity and rudeness will not affect my opinion.

[Dog Gone]

What happened here is that I was responding to Blood of Tyrants, and you were giving a retail markup example. I was responding to a comment about the price to oil companies being only a buck a gallon, or maybe even per barrel of crude (it wasn't clear which), so I was in no way intending to respond to your earlier post.

That's my fault for not reading every post carefully before responding to Blood of Tyrants, but I was engaged in a discussion only with that poster on the thread at the time.

Unproduced reserves in the ground which still will require lifting costs and can't be produced immediately are selling for considerably more than $20 per barrel today. It was the buck a gallon I was objecting to.