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Coffee Shop
USw National Oil Strike
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<blockquote data-quote="Caustic Burno" data-source="post: 1220465" data-attributes="member: 694"><p>This is simple math most of the wells today have a 60 dollar a barrel or higher production cost there is no incentive to sell it lower. </p><p>It is a little lower in the Dakota 'fields.</p><p></p><p>Just like you buying cattle at a 1000 bucks a head and selling them for 600.</p><p>Oil companies are not in the energy business they are in the money business.</p><p>As I said earlier all the other stuff you hear is smoke and mirrors.</p><p></p><p>It is all based off the 3-2-1 crack spread.</p><p><a href="http://www.eia.gov/todayinenergy/includes/CrackSpread_Explain.cfm" target="_blank">http://www.eia.gov/todayinenergy/includ ... xplain.cfm</a></p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1220465, member: 694"] This is simple math most of the wells today have a 60 dollar a barrel or higher production cost there is no incentive to sell it lower. It is a little lower in the Dakota 'fields. Just like you buying cattle at a 1000 bucks a head and selling them for 600. Oil companies are not in the energy business they are in the money business. As I said earlier all the other stuff you hear is smoke and mirrors. It is all based off the 3-2-1 crack spread. [url=http://www.eia.gov/todayinenergy/includes/CrackSpread_Explain.cfm]http://www.eia.gov/todayinenergy/includ ... xplain.cfm[/url] [/QUOTE]
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