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<blockquote data-quote="TexasBred" data-source="post: 1266012" data-attributes="member: 6897"><p>BS, the Gulf of Mexico, and the ANWR belongs to us, all the citizens of the US of A. And I can't believe that a taxpaying citizen of this country can believe anything different. Our government always pays to much, and sells to cheap. Because the buyers or sellers are bribing their elected officials from the beginning, and that's no BS.</p></blockquote><p>Do you have any idea what and oil company pays for lease in ANWR or in the Gulf of Mexico?? It's not like they just decide to go out there and punch a hole. No way in he!! 99% of us could afford or even borrow the money to drill oil wells on it even if we owned it. It costs many millions to drill one well. Much more than that in these two locations mentioned. People bytch about oil company profits without so much as a thought to the amount of money invested and the risk involved. If Exxon/Mobil liquidated tomorrow there would be about $180 million of stock holder equity (cash) to divide among 4.1 billion shares of stock. You do the math.</p><p>[/QUOTE]</p>
[QUOTE="TexasBred, post: 1266012, member: 6897"] BS, the Gulf of Mexico, and the ANWR belongs to us, all the citizens of the US of A. And I can't believe that a taxpaying citizen of this country can believe anything different. Our government always pays to much, and sells to cheap. Because the buyers or sellers are bribing their elected officials from the beginning, and that's no BS.[/quote] Do you have any idea what and oil company pays for lease in ANWR or in the Gulf of Mexico?? It's not like they just decide to go out there and punch a hole. No way in he!! 99% of us could afford or even borrow the money to drill oil wells on it even if we owned it. It costs many millions to drill one well. Much more than that in these two locations mentioned. People bytch about oil company profits without so much as a thought to the amount of money invested and the risk involved. If Exxon/Mobil liquidated tomorrow there would be about $180 million of stock holder equity (cash) to divide among 4.1 billion shares of stock. You do the math. [/QUOTE]
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