From: "Robert Comer" 

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

Not at all, the supply was high because other countries could undercut
prices in the U.S. because costs are less. (and there was probably a bit of
dumping going on to hurt domestic production.)  It didn't hurt the big U.S.
oil companies because they were part of it.

> 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.

Talk to the DOE.

--
Bob Comer


"Gary Britt"  wrote in message
news:439db659{at}w3.nls.net...
> 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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