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| The Pub For General Automotive Related Talk |
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20-04-2006, 10:36 AM
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Right out sideways
Join Date: Dec 2004
Location: Coffs Harbour NSW
Posts: 5,304
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Can i ask probably a dumb question, but i dont know the answer so whatever
 .Oil barrell price is up and down, blah blah, but like we have seen in the last few months, oil has gone from $50USD a barrell, to $70USD. Who gets the extra $20 a barrell ? And does the actual cost to get the oil increase or something ? or is it just a butt load of profit ? Regards Luke
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2010 FG XR50 Turbo | 2007 FPV BFII GT, BOSS 302 |
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20-04-2006, 10:45 AM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 2,504
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complicated scenario XR8Fella.
Basically the OIL producers get paid whatever the going price is. This doesn't however directly translate to profit on the bottom line. Sure, revenue can increase dramatically, but when OIL prices move like this, services in the OIL industry also usually increase which increases capex etc. OIL Rigs (and general production equipment) rates increase, acerage licenses can increase etc. |
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Question about oil companies
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