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Only costs Saudi Arabia $10 per barrel

  2. tomofnorthcal
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This short video states many interesting factoids, such as:

1. According Mark Williams of Boston University, it only costs Saudi Arabia $10.00 to produce a barrel of oil.

2. When Bush Started, on 01/19/2001 gas was $1.70 per gallon. Now it is over $4 per gallon.
tomofnorthcal

2 responses // Only costs Saudi Arabia $10 per barrel

  • well duh its their oil, i believe argentina is the same way.
    SilenceNoMore
  • Mr. well duh, of course local countries will pay less, in their country, but this article is NOT about them, but about the USA.

    The factoid you should know:
    though demand is up, we still do not have a shortage at the gas pump. Thus the speculation of oil going from the source of $10 to $140 is very suspicious.
    tomofnorthcal

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