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Very important point you've brought up.
I did run across this, I think it was called gas on gas pricing & the discussion was about that the oil & gas is cheap, it's the transportation that adds much more to the cost, as you said.
The other part about it was that power plants are very profitable because the act as a control interface in the grid system.
I think that's why Enron won't release the documents to the CA courts & they are facing contempt charges. They specialize in the power plants.
This gets us into the whole CA "Energy Crisis" which was a Boyz Family fixer.
But back to the price of oil.
Someone a while ago explained to me that there is an agreement/arrangement between the US government & the oil companies that is not generally known.
I do not know the exact details, but the point is that much money goes directly into some govt. coffer from this agreement.
It was something a bit more complex than just a tax.
Was it that there is a govt. cut taken first & then a price per barrel is arrived at & then tax comes off of that?
I don't know, I heard this in the context of an archaeology project & at the time me wee brain didn't think to take it further!
So far that's all I know; need to know more.
So, thank you & please give ref. you mentioned.
Phoenix
: Phoenix: I had to laugh when I read in #1 that Unocal withdrew
: from the consortium. If they are not going to get it their
: way, they will take their marbles elsewhere, don't you
: think? It's funny indeed to see the giants who care nothing
: about anyone or anything except the almighty dollar
: virtually say that they have enough with their present
: operations..Since when did GREED ever get full?
: Oh! They decided to return to the consortium! Wonder why???
: Wouldn't be profits, would it? No, they won't play unless
: America kills Afghanistan with the big stick..And how will
: Unocal get profits since the oil will go to China and
: Pakistan, anyway?
: Too bad we couldn't figure a way to turn them all against each
: other and let them eat each other up for us little people.
: I posted an article down the forum a bit and in this article
: they told that oil by the barrel in some middle east place
: was and is about 18 cents per barrel. They indicated that
: transportation was the main problem..I'll find the article
: if you are interested.
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