Re: Big Oil and the Truth
I have worked in Yemen gas was .12 cents a gallon it has now risen to .18 cents, I worked in Russia, lower Siberia gas was about .50 cents a gallon
I currently work on a Shell project originally budgeted at $11B for a Tar Sands Mine-expansion and an Upgrader to process the oil, it currenlty is over budget $2B and is over a year late
So how will Shell recoup costs raise prices of the end commodity
Cheap oil came from cheap labour and low transsportation costs, oil originally came out of the desert at .25 cents a barrel, until the Saudi's got wise and wanted their cut of the profits
Money makes the world go round that is why the first money (coins) were made round