- Sep 19, 2011
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- #21
What ass would think oil companies make no profit pumping and refining crude oil?Too perfectly stupid and 100% CON$ervoFascist. What does your fear say about your IQ and your lack of character?
The oil monopoly makes a profit on each step from getting the crude to selling the refined gas.
So of that 65% cost of crude 50% offshore to 70% onshore of that cost, an average of 64%, is profit.
Of the 15% refining cost 20% is profit.
And what ass did you pull this shit out of?
How much does it cost to produce crude oil and natural gas? - FAQ - U.S. Energy Information Administration (EIA)
Costs for Producing Crude Oil and Natural Gas, 20072009
2009 Dollars per Barrel of Oil Equivalent1
Lifting Costs Finding Costs Total Upstream Costs
United States Average $12.18 $21.58 $33.76
On-shore $12.73 $18.65 $31.38
Off-shore $10.09 $41.51 $51.60
Lifting costs means: Production or lifting costs are the expenses associated with bringing oil and gas from the reservoir to the surface, separating the oil from any associated gas, and treating the produced oil and gas to remove impurities such as water and hydrogen sulfide.
Each barrel of oil equivalent cost an average of just over $3 to discover last year, compared with just $1.18 in 2001, according to Wood Mackenzie. Data from BP Plc for the cost of finding new oil show an even bigger increase -- more than four fold in the five years to 2008
"Lifting Costs" do NOT include the "discovery cost"
Oil exploration costs rocket as risks rise | Reuters