Tuesday, 31 July 2012

AN INTERESTING THOUGHT - WHAT THE SAUDIS MAKE ON A BARREL OF OIL




Seven years ago:

On the news, we have heard reported that the US tax-payer/citizens are now paying some $70 a barrel for oil. This is that funny smelling stuff that costs the Saud family $3 to produce (the cost of its production it not related to political considerations).

They are now making some $67+ dollars on each barrel; while they produce some 11,500,000 barrels, per day. That means they are making some $770,500,000 dollars per day (that is some 23 billion dollars a month). Imagine, there are still some fools that think that the US is winning against the Islamic fascists! How quaint!

How much more today?


Mordechai Ben-Menachem is at Ben-Gurion University. He can be reached by email at quality@computer.org 

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