On Thu, 2008-06-19 at 17:48 -0400, Bruce Marshall wrote: > On Thursday 19 June 2008, Bob Hemus wrote: > > I'm not to upset over taxes. Oregon folks are NUTS against taxes and > > their roads show it. My car sounds as if it's roaring on I-5 as soon as > > I cross from California to Oregon. What gets me is the exorbitant > > profits the oil companies are making. > > The profits are big because the business is big... but the percentage profit > to my knowledge is at or below what most businesses make. > > And it costs a bunch to drill and explore so I don't begrudge them what they > make.
Sort of. What percentage of the oil comes from, say, Aramco (the Saudi American Oil company that IS oil in Saudi Arabia)? Quite a large amount. Not much to explore for there. They know where it is. I have a friend who works there organizing indian labors in clearing desert locations so they can drill new wells. Not an expensive process. Just what percentage of the oil actually comes from these expensive explore places we keep hearing about? North sea oil is some of the most expensive oil to obtain. But Norsk Hydro are not the one driving up the prices per barrel. The current cost is nothing more than a supply and demand relationship. Those who have the oil know that those who want it will pay. Plain and simple. Nothing to do with difficulty to obtain or locate. There is such oil, and it is a public relations tool when discussing prices, but it is not what drives the prices. > Lets let the govmn't take over the oil companies and then there will be > losses > to consider instead of profits. (as shown by the Congressional restaurant > losing 2Mill/yr. The government are the last ones to be let do this. I say, let the oil companies earn what they do. It is not a growth industry. The real fools are the people who are not demanding that alternatives to this consumption are found and used. Despite the costs, look at how many of your neighbors are taking the car down the street a few blocks instead of walking or taking a bicycle. I find it ever so hard to take complaints about the cost of oil from anyone who has the ability to do something alternative, but due to laziness does not so so. The high price of oil is really the high price of laziness. It has been over thirty years (!) since the first oil price 'crisis'. Talk about slow learners... -- Roger Oberholtzer OPQ Systems / Ramböll RST Ramböll Sverige AB Kapellgränd 7 P.O. Box 4205 SE-102 65 Stockholm, Sweden Office: Int +46 8-615 60 20 Mobile: Int +46 70-815 1696 And remember: It is RSofT and there is always something under construction. It is like talking about large city with all constructions finished. Not impossible, but very unlikely. _______________________________________________ [email protected] Unsub/Pause/Etc : http://mail.linux-sxs.org/mailman/listinfo/general
