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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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<blockquote data-quote="bacha29" data-source="post: 5880896" data-attributes="member: 58386"><p>How much does it cost to get a barrel of oil out of Wyoming rock strata and transport it to a refinery that is set up to refine that type of oil?. Like wise...what kind of oil is it? A heavy or light crude?</p><p>I'm not dissing you it's just that the economics of oil production and refining is not that simple and made even more complex by the fact that oil is a global commodity and governed by a global price. </p><p>That in turn decides whether or not an oil field will be an economically viable venture.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5880896, member: 58386"] How much does it cost to get a barrel of oil out of Wyoming rock strata and transport it to a refinery that is set up to refine that type of oil?. Like wise...what kind of oil is it? A heavy or light crude? I'm not dissing you it's just that the economics of oil production and refining is not that simple and made even more complex by the fact that oil is a global commodity and governed by a global price. That in turn decides whether or not an oil field will be an economically viable venture. [/QUOTE]
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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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