opec is selling a barrel of oil at $63.00,. barrel is 31.5 gallons. thats $2.00 per gallon at their loading dock. to that you must add, shipping,refining,storage, delivery and profit for each of these. pick your profit and add it up.(most buisness adds 18% overhead and profit.).your answer?
2007-06-24 07:07:10 · 4 answers · asked by windybrr 3 in Politics & Government ➔ Other - Politics & Government
Yeah and when the Oil companies that you have stock in announce record profits for the 10th straight time I'm sure you'll give some back, right?
Why don't you get your numbers straight? Maybe because it is profitable?
2007-06-27 03:23:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A barrel of oil is really 42 gallons, but your point is well taken. Prices at the pump came down here a bit recently when Valero announced that two refineries were back on stream after repairs to catalytic crackers.
Meanwhile, nobody has been willing to build another refinery in the U.S. because of excessive regulation and big fines for any infringement. At least we see Conoco-Phillips willing to modify their Wood River IL refinery to handle Canadian tar sands oil, and a southern refinery to make biodiesel from chicken and animal fat from a nearby Tyson facility. Good for them!
2007-06-24 14:22:35 · answer #2 · answered by senior citizen 5 · 0⤊ 0⤋
Sounds like you have oil stock.
2007-06-24 14:18:07 · answer #3 · answered by Wanderer 1 · 0⤊ 1⤋
What is your question ?
2007-06-24 14:15:04 · answer #4 · answered by jon_mac_usa_007 7 · 0⤊ 1⤋