From: "Gary Britt" 

That's like saying that supply is high because there is a lot of supply.

In other words its a meaningless statement especially as regards the
profits of the oil industry and that chart you linked to that is wrong.

Gary

"Robert Comer"  wrote in
message news:439db2bb$1{at}w3.nls.net...
> > Completely wrong.
>
> Nope.
>
> >They went bankrupt because the price of oil was so low
> > that they couldn't make a profit.
>
> That's exactly what I said with the addition that it was so low because of
> overseas production.
>
> >  I take it your relatives work as
> > roustabots on a drilling rig.
>
> No, oil rig pump business, but when times got tough, they also did that.
>
> --
> Bob Comer
>
>
> "Gary Britt"  wrote in message
> news:439daf82$1{at}w3.nls.net...
> >
> > "Robert Comer" 
wrote in message
> > news:439da892{at}w3.nls.net...
> >> So you think.
> >
> > So I know.
> >
> >> Sorry guy, I had relatives in the oil industry too, and what you're
> > talking
> >> about is domestic production, and yes, they went bankrupt because they
> >> couldn't compete with overseas production, now isn't it odd that the
big
> > oil
> >> producer US companies still make profits, no it's not, because they are
> >> producing overseas, not here. (for the most part)
> >
> > Completely wrong.  They went bankrupt because the price of oil was so
low
> > that they couldn't make a profit.  I take it your relatives work as
> > roustabots on a drilling rig.
> >
> > The chart was wrong as are your beliefs.
> >
> > Gary
> >
> >
>
>

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