where would he get the crude oil from though?

price you pay at the forecourt = world crude oil price + tax + small margin

Those huge profits come because they own the crude that's suddenly worth lots more than it was before.

So unless you actually own some crude in the ground somewhere, you can't sell for lower than the forecourt price without making a loss.

Posted By: Tricky Hawes on June 13th 2008 at 16:44:25

Message Thread

Right, can anyone with a better grasp of Buissiness (General Chat) - cookpassbabtridge, Jun 13, 16:37:45
- As the resident oil industry wrather - this is roughly how it works. (General Chat) - Kirrie, Jun 13, 17:11:26
  - Thank you. (General Chat) - Drurys Left Nut, Jun 13, 17:40:08
- most likely OPEC (n/m) (General Chat) - bellamys_knee, Jun 13, 17:06:20
- where would he get the crude oil from though? (General Chat) - Tricky Hawes, Jun 13, 16:44:25
  - right I think I'm seeing the problem now (General Chat) - cookpassbabtridge, Jun 13, 16:53:09
    - You should read Bob Park's "What's New" if you're interested in (General Chat) - Arizona Bay, Jun 13, 17:00:48
      - Also, read his Voodoo Science - it's tippity top. (General Chat) - Arizona Bay, Jun 13, 17:01:42
        
        and maybe we all should read this too (General Chat) - pants, Jun 13, 17:03:03
        
        looks a right rivetting read (General Chat) - Tomblander, Jun 13, 17:09:32
        
        reality bites (n/m) (General Chat) - pants, Jun 13, 17:10:33
        
        diddums (n/m) (General Chat) - Tomblander, Jun 13, 17:12:46
        
        That's actually on my Amazon wishlist, that. (n/m) (General Chat) - Arizona Bay, Jun 13, 17:06:04
    - The problem is that the supply is constrained (General Chat) - yarmyyarmy, Jun 13, 16:54:54
      - in the end, it's constrained by how much there is left in the ground (n/m) (General Chat) - Tricky Hawes, Jun 13, 16:55:45
        
        Yep, and the Saudis seem to believe that time is running out (General Chat) - yarmyyarmy, Jun 13, 16:57:57
  - what is needed is a "Boffin" to work out how to extract oil from the sands in canada (General Chat) - Tomblander, Jun 13, 16:46:08
    - I did my sciences at school, I'm prepared to have a crack. (General Chat) - Arizona Bay, Jun 13, 17:10:10
- i would imagine there is more to fuel exploration, drilling, extraction, storage, refineme (General Chat) - Tomblander, Jun 13, 16:41:41
- ... (General Chat) - yarmyyarmy, Jun 13, 16:41:28
  - oh I see. So basically it's encouraged for these companies (General Chat) - cookpassbabtridge, Jun 13, 16:49:07
    - It's not the companies that have the monopoly (General Chat) - Tricky Hawes, Jun 13, 16:52:13
    - I guess so (General Chat) - pants, Jun 13, 16:51:20
- is it a lot? (General Chat) - Tomblander, Jun 13, 16:39:56
  - Is £3,900,000,000 alot? You could by (General Chat) - cookpassbabtridge, Jun 13, 16:46:14
    - dunt work out like that though (General Chat) - Tomblander, Jun 13, 17:02:08
    - yay? (General Chat) - cookpassbabtridge, Jun 13, 16:55:21
    - post yay if you liked this post (General Chat) - pants, Jun 13, 16:52:35
      - yay (General Chat) - DrDublin, Jun 13, 16:54:08
- and yes, my lack of business knowledge does extend to not being able to spell it. (n/m) (General Chat) - cookpassbabtridge, Jun 13, 16:39:40

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