Martin Lagod's Radio Weblog
| November 2004 | ||||||
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Monday, November 29, 2004
Oil Industry: "In the categories "Production cost" and "Producer profit" the values show a range from Saudi Arabian production to USA production. Naturally, all the other values may vary some as well; these are general estimates. ExpenseAmount Production cost15¢ to 60¢ Producer profit53¢ to 8¢ Refining cost13¢ Marketing cost5¢ Transportation cost15¢ Retailer cost6¢ Refiner, marketer, transp. & retailer profit10¢ US Taxes19¢ Average state taxes23¢ TOTAL$1.59 If you're paying less than $1.59, it probably means that the independent gas dealer on the corner is only g"
3:55:05 PM
Oil Industry: "US OIL DEMAND, 2004: Over 20 million barrels per day, up from January 2002, when demand was about 18.5 million barrels per day, = 777 million gallons. If lined up in 1-gallon cans, they would encircle the earth at the equator almost 6 times (about 147,000 miles of cans) â014 every day. 55-60% of US consumption is imported at a cost of $50 billion per year, amounting to the largest single element of our trade deficit. In summer 2004, thanks to higher prices, increased demand, and lower production, record trade deficits of more than $50 billion per month were recorded, with approximately 30% of that attributable to imported energy costs."
3:53:06 PM
3:55:05 PM
Oil Industry: "US OIL DEMAND, 2004: Over 20 million barrels per day, up from January 2002, when demand was about 18.5 million barrels per day, = 777 million gallons. If lined up in 1-gallon cans, they would encircle the earth at the equator almost 6 times (about 147,000 miles of cans) â014 every day. 55-60% of US consumption is imported at a cost of $50 billion per year, amounting to the largest single element of our trade deficit. In summer 2004, thanks to higher prices, increased demand, and lower production, record trade deficits of more than $50 billion per month were recorded, with approximately 30% of that attributable to imported energy costs."
3:53:06 PM
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