[DeTomaso] Kinda' NPC: Why does oil cost so much?

[Jerry R Knotts]

The oil companies have bought out all their competition or merged with it. 
They own the oil from in the ground to in your tank.  They can and will 
charge all they want, and the more they can pay their field suppliers the 
better they are able to justify it.  The more they can pay for oil on the 
commodities market the more they can sell theirs for to their refineries. 
Competition has been stifled but the Congress is getting good re-election 
checks.

In the depression oil was $1.00 a barrel but gas was 10 cents a gallon.

----- Original Message ----- 
From: "Kirby Schrader" <kirby.schrader at gmail.com>
To: "Pantera List" <detomaso at realbig.com>
Sent: Thursday, May 31, 2012 2:06 PM
Subject: [DeTomaso] Kinda' NPC: Why does oil cost so much?


> Needless to say... I wondered whether I should really do this or not,
> but I'm throwing caution to the wind.
>
> I work in the oil industry. I have since 1974. I spent most of the
> time overseas.
>
> Many times, the price of gasoline and why it costs so much comes up on the 
> list.
> When offshore drilling rigs cost $1,000,000 a day to run and when the
> easy to get oil is long gone and it's tough to find new reserves, it's
> easy for the people working in the industry to understand why.
>
> But there are other reasons.... Politics, too! Would you believe it?
>
> I feel this article sums up the current scenario very well from an
> investor point of view.
> You don't have to know anything about the oil business to understand.
>
> Thought some of you might appreciate it. Some won't.
>
> http://www.caseyresearch.com/cdd/big-oils-cost-revenue-tightrope
>
> Now, I will run quickly back into my hole....
>
> FWIW,
> Kirby
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