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re: Percentage of U.S. oil produced by Gulf of Mexico?
Posted on 6/15/10 at 9:39 pm to Luedog7
Posted on 6/15/10 at 9:39 pm to Luedog7
and what difference does it make where it come from?
If it comes from Venezuela or the Saudi princes,
its the same to you at the pump.
the oil cartel controls.
1. supply
2. price.
YOu seem to think that oil has USA stamped on it.
Its a commodity and it is sold at world market prices.
ONLY if you had a sovereign oil company, which contracted the wildcatting and drilling and you owned ALL the oil that came from a well, would you get a price cut on the oil.
Any oil that comes up from LEASE is not your oil and not your COUNTRY's oil. It belongs to the leaseholder.
You get a little percentage via the lease contract.
If you had a sovereign oil company, you would own every drop of oil and gas that came up and profit from it depending on your costs and the price you can gouge.
PS> they have not stopped gulf wells from producing. we have stopped DRILLING.
If it comes from Venezuela or the Saudi princes,
its the same to you at the pump.
the oil cartel controls.
1. supply
2. price.
YOu seem to think that oil has USA stamped on it.
Its a commodity and it is sold at world market prices.
ONLY if you had a sovereign oil company, which contracted the wildcatting and drilling and you owned ALL the oil that came from a well, would you get a price cut on the oil.
Any oil that comes up from LEASE is not your oil and not your COUNTRY's oil. It belongs to the leaseholder.
You get a little percentage via the lease contract.
If you had a sovereign oil company, you would own every drop of oil and gas that came up and profit from it depending on your costs and the price you can gouge.
PS> they have not stopped gulf wells from producing. we have stopped DRILLING.
This post was edited on 6/15/10 at 9:41 pm
1
Posted on 6/16/10 at 5:53 am to ottothewise
quote:
ottothewise
You really should reserve your brilliance for the poli board instead of sharing it here. TIA.
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