Quote:
Originally Posted by smax
$28 a barrel is bs
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LOL.. it's fact.. I recently read a post on another forum in last couple days where the poster was telling how a relative whom owns land leases to the oil companies whom only pay the land owner $28 per barrel and that they're drilling and filling 72 barrels per day just from this one parcel of land..
This is what the companies are paying for oil drilled on private property.. the amount paid for oil drilled on government owned land is far much lower.
Selling prices are based on OPEC