posted on May, 18 2011 @ 03:15 PM
reply to post by kaleshchand
$11 a barrel? i dont about that, but it probably isnt that far off IMO.
During the BP spill here in NOLA, reports came out that BP was doing 2 billion in profit monthly...24 Bill a year in profit.
I do know they spend a ton of money during the drilling the process, but at 2 bill a month, it probably doesnt cost much more than 20 bucks to produce
a barrel, an honest mark up of 200% and they are making 40 bucks a barrel in profit. Multiply that times what, 100,000 barrels daily the US uses and i
dont know how they are not making a ton of money and speculators are laughing all the way to the bank.
There also is not a bottle of wine made in the WORLD that costs more than 5 dollars to make, but if you try to get your hands on a bottle of Robert
mondavi select, you will upwards to 200 dollars for it.