Three oil wells that I know of pumped a total of 325.4 barrels from 4-18 to 5-17 which sold for $34 a barrel.
These wells are always good at pruducing a lot of oil.
I know the price can vary because of the grade of crude but why are they not pumpingas much?
Does anyone else know of this happening or can explain a little more about how the oil companies do things.( besides bending us over and....)[:'(]
__________________
"The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency........... Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president."
can anyone give an example of another industry where trying to gain market share is not thought to be a means to maximizing profits. Once one supplier declares a production cutback with out regard to a corresponding reduction in demand, normally a competitor will gladly step in and fill the gap.
Then, within reason, our consumption is predictable if not nearly constant with seasonal adjustments, so how long can the supply deviate from the consumption before the tanks run dry or overflow? Realistically, the supply has got to be just as predictable and nearly constant with seasonal adjustments and the consumption. OPEC is not the only culprit here, and probably not even the major culprit.
I won't argue with that n4deer! Can't say I disaggree with Soarkrebel either!
Quote:
ORIGINAL: n4deer
Let me repeat this on this thread
can anyone give an example of another industry where trying to gain market share is not thought to be a means to maximizing profits. Once one supplier declares a production cutback with out regard to a corresponding reduction in demand, normally a competitor will gladly step in and fill the gap.
Then, within reason, our consumption is predictable if not nearly constant with seasonal adjustments, so how long can the supply deviate from the consumption before the tanks run dry or overflow? Realistically, the supply has got to be just as predictable and nearly constant with seasonal adjustments and the consumption. OPEC is not the only culprit here, and probably not even the major culprit.
__________________
Blue Ribbon Coalition
Snowmobile Alliance of Western States
WSSA
NRA
RMEF
GO DAWGS!!!
There's no shortage of crude oil, just shortage of refineries to convert the oil to gasoline, lubricants, jet fuel, deisel, etc. Why is there a shortage of refineries? Give the EPA a call and ask them.
Oil company profiteering?
I've said it a hundred times but it never sinks in. If oil companies are profiteering and gouging consumers, you would be a fool not to take your life savings, mortgage you house to the hilt, and use that money to buy oil stocks, but so far noone is wiling to put their money where their mouth is.
__________________
Obamanfreude - 1. taking pleasure from the misfortunes of an Obama supporter as he or she is adversely affected by the policies of their Dear Leader.
just shortage of refineries to convert the oil to gasoline
This is an area where GW bashed the Clinton/Gore era. He said their failed energy policy put our nation behind. I believe him, but why has he not fixed it yet? Really disappointed in Bush on this one. He should be providing aid to help our infrastructure. I guess if he did though, he'd be accused of providing handouts to his "big oil buddies." I guess there is no winning this one...[&:]
There's no shortage of crude oil, just shortage of refineries to convert the oil to gasoline, lubricants, jet fuel, deisel, etc. Why is there a shortage of refineries? Give the EPA a call and ask them.
We once only bought our crude oil overseas, now thanks to the EPA we are also getting the finished products there too!
I am all for a clean environment, but the laws are running refiners away, more than wages and taxes!
__________________
Those who would give up Essential Liberty to purchase a little temporary Safety, deserve neither Liberty or Safety!
Ben Franklin
I LOVE my country, I FEAR my government!
If your mother was an abortion proponent, would you be reading this right now?
If memory serves JagMag we didn't even start buying oil overseas until the American petroleum industry found cheaper oil there around 60 years ago . The Arabs didn't even know that they had any until we found it for them and they then promptly nationalized the industry and stole it from the very people who found it . So much for contracts ... Prior to that it was almost all domestically produced . America was the first country to exploit petroleum on market scale beginning in Titusville , Pa. before the turn of the century .
We invented our own nightmare . [&o]
__________________
Kevin Haendiges
NAHC Life Member
NRA Member
Wildlife Forever Member
GOA Member
Buckmasters Member
http://hunting-indiana.com
Oil companies not pumping enough?
