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re: Who else is loving these gas prices?
Posted on 10/19/14 at 10:58 am to KSGamecock
Posted on 10/19/14 at 10:58 am to KSGamecock
Heaven forbid our oil companies only make a couple billion dollars instead of 5 billion 
You're full of shite if you think American producers are losing money in oil right now. Consumption will increase as the prices drop so as long as oil prices per barrel are higher than the overhead costs to produce a barrel they'll be perfectly fine.
You're full of shite if you think American producers are losing money in oil right now. Consumption will increase as the prices drop so as long as oil prices per barrel are higher than the overhead costs to produce a barrel they'll be perfectly fine.
1
Posted on 10/19/14 at 2:38 pm to deltaland
quote:
You're full of shite if you think American producers are losing money in oil right now.
Ten Largest American Oil Companies Summer performances (since June/July 2014)
1. Exxon Mobile: down 15%
2. Chevron: down 18%
3. ConocoPhillips: down 20%
4. Occidental: down 14%
5. EOG: down 17%
6. Phillips 66: down 16%
7. Anadarko: down 17%
8. Apache Petrol: down 27%
9. Valero: down 26%
10. Devon: down 28%
They're hemorrhaging money at the moment. Saudis are playing hardball.
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