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

[Bill Lewis]

I'm always amazed at the human psyche.  No matter what: if you invoke pain into the equation and then amp up the pain 2X%, then lower it to 1X% - it feels so good.  Raise gas from $3.00 to $4.00, then lower it to $3.50 - ah, life is good.  I guess that this works on any "pain" that one can have.    ---Bill

> Date: Thu, 31 May 2012 14:06:32 -0500
> From: kirby.schrader at gmail.com
> To: detomaso at realbig.com
> 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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