LI Phil
(User)
Thu Sep 01 2005 12:06 AM
Re: Katrina Domino Effect

Quote:

Heard Bill O'Reilly tonight say something about the US should ask the Saudis to lower what they are charging us per barrel which is $70. Because it only costs the Saudis $4 per barrell to process it!



i didn't watch mr oriley tonite, but i doubt that those numbers are correct...

oil is TRADING at $70/barrell...i don't think that's what the saudi's are CHARGING the us for theirs...the $4 per barrell figure also strikes me as quite low...

perhaps "oiltrader" can enlighten us


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