Archer -> RE: Sailing the Seas of Ideology (8/26/2006 2:49:14 PM)
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Welllets see Hunters and Fishermen were one of the first groups to go with volentary liscenecing systems as well as bag limits, long before any of the "greens" complained about sustainability, they did it, including a self imposed tax on thier goods to ensure the land was bought for public use including hunting and fishing. Back then conservation started, as a result of them wanting susatainability. (Ducks Unlimited, Rocky Mountain Elk Foundation, etc). Oh yes Oil so cheap to get, except you have to find it thousands of feet under the surface sight unseen, exploratory drilling is far from cheap. BTW going buy reported (profits X profit margins) The 10 billion profits that Exxon/Mobil had last quarter cost them 200 billion in operating costs to get. And it's a hell of alot harder to do that drilling and moving to market of oil that just sucking it out of the ground, safety costs, labor, scientists, construction, governmental costs, environmental costs, laboratories to figure out how to get out the tough oil, the stuff that is a thick sludge rather than a thin oil. Maybe some don't know it but the quality of oil varies greatly from one field to the next. That's one reason we tend to stay with the oil from Iraq/ Kuwait/ Saudi Arabia, when refined it gives a higher percentage of light products, Heating oil, Deisel, Gasoline Etc, if I recall about 75% of the barrel, when compared to West Texas Oil that may produce 60% light products, That 15% makes a big difference, which is why if you look at the commodity market you see crude oil sold with name locations.
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