k*****a
发帖数: 1463 | 1 when George W Bush became president.
It is roughly in inline with this report
http://news.cnpc.com.cn/system/2014/07/04/001495584.shtml
It was only because George Bush and his oil accomplices jacked up the oil
from 35 to 150. During GWB's presidency, he argued oil trading funds holding
oil contracts for profits were of no impact to oil price. A 4+ time
increase of oil price was directly contributed by GWB's presidency. Given
the inflation, I think oil's price should be around $50-$60 per bbl at value
. A lot of oil today at cost of $70+ are not needed to be produced at first
place. There was massive overinvestment in the oil industry created by the
oil bubble inflated by GWB. |
w**k
发帖数: 6722 | 2 光算开采甚至前期的成本是不行的，傻无敌那么多的老百姓过的都是骄奢淫逸的日子，
钱从哪里来？ |
k*****a
发帖数: 1463 | 3 At $50-60 per bbl, they are still living like a king. Oil is not going to be
going down to $18.
However, oil went lower than cost before.
Oil bubble could be next bubble to burst, the good days of Exxon-Mobile
swimming in the profits could be gone for long time. |
k*****a
发帖数: 1463 | 4 BTW, people know how bloated Oil bubble was (large portion of profit at cost
of $150-$18)?
Exxon makes about 42B in profit at 2008. They could buy a lot of high tech
company via a year's profit. |
