The amount of oil reserves are totally driven by price. At $5/gal there's oil that can be extracted and a profit made. At $10/gal there's a LOT more that can be extracted and a profit made. No one is going to do this stuff for free as you all know.
So when oil is $1/gal the world reserves of oil is Zero. At $3 it goes up, and at $5 it goes up more and so on. It all depends on the cost to get it to the consumer and if there's enough margin to make a little money. Naturally everyone in the chain needs to make a little off that gallon of oil. From the roughneck in the oil field to the guy driving the tanker truck to the guy owning the gas station. Everyone has their hands out - Bye ya'll Larry T (66 MGB, 74 911, 78 240D, 91 300D) www.youroil.net for Oil Analysis and Weber Parts Test Results http://members.rennlist.com/oil PORSCHE POSTERS! youroil.net Weber Carb Info http://members.rennlist.com/webercarbs ----- Original Message ----- From: "archer" <[EMAIL PROTECTED]> To: "Mercedes Discussion List" <mercedes@okiebenz.com> Sent: Wednesday, March 05, 2008 2:16 AM Subject: Re: [MBZ] The World Has Plenty of Oil > From: "Peter Frederick" <[EMAIL PROTECTED]> > >> That's funny, my brother the geologist couldn't get a job doing oil >> exploration -- very little more to be found, it seems. I don't know >> where this guy gets his data, but none of the major oil companies has >> more proven reserve oil now than it did a couple years ago, and in >> many cases much less, and they are pumping far faster than they are >> finding new oil. >> The price is mostly due to US screwing around. I suspect the goons >> in the White House are doing this deliberatly, but that's only my >> opinion. >> Peter > ----------------------------------- > Wall Street Journal says there is currently a surplus of oil; that the > rising fuel prices are due to investors taking their money out of stocks > and > putting it in minerals, especially oil, because of the declining stock > market. > Gerry > > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
