Where does your $3.18/gallon go?
I thought this was a very interesting read.
http://www.leetfx.com/site/files/5/319.jpg Maxim, November 2007 issue, page 34, by Padraig Garcia-listed under finances |
It's interesting that everyone gets a little piece. Cool Find
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It will probably be January before we see any break in the price of Diesel. Makes me want to brew my own Bio-d
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Geez I wish fuel was 3.18, just got raped for $3.60 a gallon here in CT
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Yeah, but this article is about a month old. I don't think we are going to see a break in fuel prices. Crude is projected to hit $100 barrel today. I don't know why I watch the news so much, all it does is depress the heck out of me.
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I think when primaries start it will go down,repubs need to get points somewhere and not many other places
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Originally Posted by santacruzf250
It's interesting that everyone gets a little piece. Cool Find
Oh yeah, the pictures aren't bad, either. |
I just thought I would post this as there is so much debate as to just exactly how much profit big oil is making. Some say 10%. 2/3 doesn't work out to 10%. Who's numbers are off?
I saw an interview on nighline with a wildcat whose pump (one of many) produces 600 barrels a day. He is excited about the high price oil and said total cost to get it setup was 500k. Daily operating costs about 5k. So if the pump produces 55k a day net, how long before its mostly gravy? not long at all. Other wells were putting out 1000 barrels a day. He is still small potatoes compared to BIG oil. |
Filled up today 3.71, Owner of the filling station told me it was going up on Fri. 126.50 to fill up. Ouch.
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Jumped .15 today to 3.54
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Originally Posted by empiretc
I saw an interview on nighline with a wildcat whose pump (one of many) produces 600 barrels a day. He is excited about the high price oil and said total cost to get it setup was 500k. Daily operating costs about 5k. So if the pump produces 55k a day net, how long before its mostly gravy? not long at all. Other wells were putting out 1000 barrels a day. |
Originally Posted by powrstrkn'
Geez I wish fuel was 3.18, just got raped for $3.60 a gallon here in CT
Filled up in Alabama at some Wally Mart to the tune of $2.98 last week, spent $500 and hauled a$$. Still good to go, almost crapped myself this morning filling the shop truck, didn't fill it though, stopped at $120. ($3.39 in Little Rock as of this a.m.). |
25 gal x 3.60 gal = $90. last Sunday.
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Here in Upstate NY, 1 Station was 3.39 on Sat. Sun 3.45. A few others are 3.55
Bill |
Originally Posted by makomaker
My neighbor has spent 5mm on getting one of his wells to flow...when it does his payback will be about 2-3 mos...and it will produce for the next 10-20yrs...Oo.
I own some property, but unfortunately, no mineral rights (still belong to families from 200 years ago). I would still be entitled to 1/64 as the current property owner. Doesn't sound like much, but a friend of mine was getting 10k a month for his 1/64. Its been 10 years and he's only getting about 2k a month now as the well has pretty much been exhausted. I wish they'd hit oil on my land, but then again, don't we all. And I'm just not that lucky. |
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