Peak Oil

[DJD]

This is my question;
If OPEC oil is so expensive then how did an oil company make almost 11 billion dollars profit in a single quarter.

I would like to know just how much oil they buy from OPEC and just how much of their own oil do they sell themselves at OPEC prices.

This is where they are making all their money. Pure rip-off.

All a poor man can do is to cut his usage. Another thing I can't understand is why the truckers aren't screaming their heads off.

IMO,
1) We use more oil and they raise their rates as needed.
2) Go to the US Energy site and you will find the monthly breakdown of where we import oil from. Looks as if we get more from nonopec nations than opec. There are 52 other countries that we get oil from other than opec, very interesting. Google OPEC as well and you will see some more stuff.
3) Saudi's pay .45 cents for a gallon of gas according to one of the news sources.

Man, I think it's stinks to high heaven and there is always greed and corruption in business so your right we are a victim of that as well.