Comments on: Debunking Myths on the RP Oil Crisis http://www.lfs.ph/2008/01/29/114/ Mon, 05 Jul 2010 11:41:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: al sabah http://www.lfs.ph/2008/01/29/114/comment-page-1/#comment-769 al sabah Tue, 10 Jun 2008 14:23:27 +0000 http://www.lfs.ph/2008/01/29/114/#comment-769 Saudi Cost of crude Oil: For ACCOUNTING cost = $12.00/Barrel - includes all the payments to all the Sheiks and the Crown, and ARAMCO Operating costs. Acctual Cost of PRODUCTION = $4.00 per Barrel of oil. Go figure who or what is making $130/Barrel PROFIT before expenses (SAY expenses of logistics $5/Barrel) !!! = $125/Barrel PROFIT at POINT OF SALE OF OIL BY OIL COUNTRIES and COMPANIES! Saudi Cost of crude Oil:

For ACCOUNTING cost = $12.00/Barrel – includes all the payments to all the Sheiks and the Crown, and ARAMCO Operating costs.

Acctual Cost of PRODUCTION = $4.00 per Barrel of oil.

Go figure who or what is making $130/Barrel PROFIT before expenses (SAY expenses of logistics $5/Barrel) !!! = $125/Barrel PROFIT at POINT OF SALE OF OIL BY OIL COUNTRIES and COMPANIES!

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