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Old 11-07-2005, 12:51 AM
Shannow Shannow is offline
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Join Date: Aug 2005
Posts: 311
Default Re: Why Petrol Costs So Much

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.
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