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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: whitepine who wrote (13170)	10/25/2006 4:03:14 AM
From: Seeker of Truth	Respond to of 25575

There is a chain of activities before the oil gets to the international market. They are exploration, extraction, transportation, all of which must be paid for. If an oil company "owns" the oil field then it can get profits from all three of those activities. The amounts are considerable. That doesn't prove that the oil companies arranged the invasion of Iraq. I'm doubtful about that. It might have been a personal enmity between Bush and Saddam who tried to have Bush's father murdered. But it isn't ridiculous to say that the oil companies in theory could benefit. Of course in the chaotic state of the present Iraq, such profits are impossible.

To: whitepine who wrote (13170)	10/29/2006 8:19:48 PM
From: Terry Maloney	Read Replies (1) \| Respond to of 25575

<<Since oil is fungible, why would the US give one rat's ass who owned the oil?>> Because prices are set at the margin? Jeez, man, don't pretend you don't get something that simple ...