Remember When Smartest President Ever Said We Can’t Drill Our Way Out of Energy Shortages?v

Discussion in 'Energy' started by Weatherman2020, Dec 8, 2018.

  1. Papageorgio
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    Papageorgio The Ultimate Winner

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    When state and federal taxes are near the 60 cent a gallon range, it's tough for the price to go under $1, just saying.
     
  2. The Sage of Main Street
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    The Sage of Main Street Gold Member

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    Big Oil's Cost Is Far Below 40¢ a Gallon

    Even the cigarette companies hide behind heavy taxation. Their profit on a pack is ten times what it was before richkids afraid of the Marlboro Man had their Daddies change the public's tolerance of smoking.
     
  3. Papageorgio
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    So 60 cents tax, 40 cents and add the local stations profit and we are now above $1 a gallon.
     
  4. joaquinmiller
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    joaquinmiller Diamond Member

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    Oil barrels are 42 gallons, not 55.

    The Interior Dept's release is PR. The oil industry has long been aware of the sub-basins, within the Permian Basin - such as the Delaware Basin. It may excite the stock market, but not the oil industry.
     
  5. joaquinmiller
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    joaquinmiller Diamond Member

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    The US has been a net exporter of refined petroleum products since 2011.
     

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