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

[Voltron87]

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Where is your $4 figure coming from? I highly doubt it is accurate.

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im pretty sure its accurate. however it doesnt factor in other economic costs, the fixed costs of research, building the oil rig/driller, the infrastructure to move the oil. but once thats all paid for it is not expensive to get more oil out of the ground.

and not all oil is created equal. some is next to impossible to get out of the ground. people have this idea that oil sits in lakes underground, but what actually happens is that is drained up out of rocks and solid ground, using pressure and drilling tools. some is easier to get out, there is a natural force, and in some cases it is extremely difficult and would cost more.