Quote:
Originally posted by ltl/fb
I suppose I need to review why ExxonMobil can't undersell OPEC on crude.
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That's simple. The cost to lift a barrel of oil in Saudi is about $3.50/bbl. Lifring costs on deepwater Gulf crude are about $25-40/bbl, depending on the type of platform, how deep they have to drill, contractor costs and similar factors.
