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To: GST who wrote (146137)8/25/2002 7:26:45 PM
From: Glenn D. Rudolph  Respond to of 164685
 
"The beauty of mid-east oil is it costs very little to pump it and process it for use. Higher extraction costs make much of the oil in other parts of the world less attractive.
"

This is true at the current time. It is changing rapidly however.



To: GST who wrote (146137)8/25/2002 9:05:53 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164685
 
It currently averages $6 a barrel to find and extract oil globally. The rest is politics and speculation.

I'd find the link but it's a couple years old.


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