|
OPEC (and traders) establishes the price of crude.
What Exxon, BP and the other Western companies pump is a drop in the bucket. They do benefit of course; they also suffer, such as when oil was at $10-$15 a barrel for most of the 80's until the mid 90's.
__________________
Terry Allison
N. Calif. & Boca Chica, Panama
09' E320 Bluetec 77k (USA)
09' Hyundai Santa Fe Diesel 48k (S.A.)
|