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2007-09-15 Home Front Economy

Mitsubishi, Shell, Exxon, Trilateral Commission to develop coal liquefying device

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Posted by Seafarious 2007-09-15 00:00|| || Front Page|| [6 views ] Top

#1 So how come my cousin can't get more that $20/bbl for her light montana oil? They have 3 refineries in Billings. Is it an "trust" problem?

Posted by 3dc 2007-09-15 02:44|| 2007-09-15 02:44|| Front Page Top

#2 The $70 dollar a barrel price is on the crude spot market. Most contract offers for oil purchases are rarely over 30 dollars still. And for domestic production I remember it wasn't until 2-3 years ago that if your costs weren't under 10 bucks per barrel you were making a loss per barrel of oil if you tried to sell oil domestically.

Posted by Valentine 2007-09-15 21:30|| 2007-09-15 21:30|| Front Page Top

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