From: "Robert Comer" 

> So your argument boils down to Big US Oil wanted the price of oil to be
> LOWER.  Which makes all their oil reserves LESS VALUABLE.

No, that's not what I said, they wanted, and did, cut costs to make more profit.

--
Bob Comer


"Gary Britt"  wrote in message
news:439dc8d6$1{at}w3.nls.net...
> So your argument boils down to Big US Oil wanted the price of oil to be
> LOWER.  Which makes all their oil reserves LESS VALUABLE.
>
> Yeah, that makes sense.  Brilliant....
>
> Duh...
>
> Gary
>
> "Robert Comer" 
wrote in message
> news:439db82c$1{at}w3.nls.net...
>> > 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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