View Full Version : Why Petrol Costs So Much
Interesting PPS must see!
11-07-2005, 01:51 AM
The cost of digging up these dead dinosaurs (or the abiotically produced hydrocarbons, I'm in mixed minds) is less than $4/BBl reputedly.
It sells for what the market will bear, which is a pretty decent mark-up.
Back when the Oz dollar was 45c US, and Oil was $45US/BBl, Costello got on the tele.
He explained that every dollarUS oil rose OR every centUS our dollar dropped was a cent per litre at the pumps.
$1.00 plus 0.25 minus 0.30 appears to equal $1.30.
I keep sending the memory to the T.V. stations, but for some reason, they don't repeat the interview.
11-07-2005, 04:23 AM
Yes, but the PPP does'nt tell us much. I was hoping for something which told me the current price of Saudi oil at the well head was $1.20 per barrel. Russian deep oil around $4 per barrel at the well head.
Plenty of whitey with similar extravagence. BTW, silver is pretty cheap. A damn site cheaper than carbon fibre.
It may interest people to know that in the oil industry the dead dinosar theory is officially considered ONE of POSSIBLY three theories on the origens of oil and gas.
They had to relent on dead dino as they are unable to explain how swamps and dinosaus got to Titan, one of the moons of Saturn, that is swimming in vast seas of liquid methane which is only believed (in official circles) to come from the Sun, via decomposing animal and plant matter. Never to let the truth get in the way of a good yarn, the oil industry decided it had better relent slightly so they could at least keep a semi straight face in public on the matter.
Would of been better to have posted it in the Lounge Forum
11-07-2005, 08:44 AM
I have read recently that oil in the Earth has nothing to do with the Flora and fauna of past eons. Can someone elaborate?
11-07-2005, 10:11 AM
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11-07-2005, 10:14 AM
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