Thread: News Donger on Suicide Watch: Oil Nears $100 a Barrel
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Old 09-08-2008, 11:42 AM   #1
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Join Date: Nov 2003
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Quote:
Originally Posted by jjchieffan View Post
Why is their cost going up? They are the ones pumping it out of the ground. Their cost to get it out of the ground has not gone up. The price that they sell the oil for has tripled.
They refine more crude than they can produce. Therefore, they also buy crude on the open market.
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