Cost of OPEC to produce a barrel of oil...

krazyace5 · #1 08-31-2005, 11:05 PM

$4, Then they sell it on the open market for $70!?!

Talk about a scam....

Dynasty · #2 08-31-2005, 11:07 PM

Capitalism rocks. Good for them.

krazyace5 · #3 08-31-2005, 11:08 PM

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Capitalism rocks. Good for them.

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Monopolies rock...

sfer · #4 08-31-2005, 11:53 PM

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Capitalism rocks. Good for them.

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Monopolies rock...

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OPEC isn't a monopoly.

LethalRose · #5 08-31-2005, 11:54 PM

Microprocessors cost on average 40 cents. Most of your money goes to research and advertising.

Sponger15SB · #6 09-01-2005, 12:00 AM

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Capitalism rocks. Good for them.

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Monopolies rock...

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OPEC isn't a monopoly.

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Why not just say "OPEC is actually a cartel"

Warik · #7 08-31-2005, 11:09 PM

I seriously doubt it only costs them $4 to produce a barrel.

However, I also even MORE seriously doubt $70 is an even remotely fair price. [img]/images/graemlins/smile.gif[/img]

jakethebake · #8 08-31-2005, 11:20 PM

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However, I also even MORE seriously doubt $70 is an even remotely fair price. [img]/images/graemlins/smile.gif[/img]

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if someone pays it, it's fair.

mason55 · #9 08-31-2005, 11:21 PM

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However, I also even MORE seriously doubt $70 is an even remotely fair price. [img]/images/graemlins/smile.gif[/img]

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if someone pays it, it's fair.

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In fact I would maintain that we are ripping OPEC off. If there are gas shortages in certain areas that means that demand is outpacing supply and prices should be raised.

Voltron87 · #10 08-31-2005, 11:27 PM

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However, I also even MORE seriously doubt $70 is an even remotely fair price. [img]/images/graemlins/smile.gif[/img]

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if someone pays it, it's fair.

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jake is basically right. although if there was a monopoly on water and a business were letting people die of dehydration and jacking water up to a G a gallon, i would say that was unethical. all stupid hypotheticals aside, hes right.

people tend to forget, if the USA didnt buy so much oil from the saudis their tents would be falling apart. the saudis are as dependent on our $$ as we are on their oil, if the USA smartened up and used oil more efficiently we would be in much better shape. right now the saudis basically empty tankers of oil at us shores, fill it up with 100 dollar bills and repeat. and we use more and more oil every year.