Oil
Friends:
Ahreeman wrote this note, before he left. We will not wait until his returns, so we will publish it now.
Regards,
IPC Office
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Folks:
US Global Oil Cartels, formerly known as the infamous 7 Sisters, buy or produce, refine, prepare & deliver the oil for sales. The average total cost of this procedure is about $20 a barrel. Then they turn around & sell the same barrel of oil for an average price of $70 per barrel! This is by average a total sum of $50 profit in the pocket of oil cartels! The total sum of $50 profit on each barrel of oil! Have you ever heard about this type of a mark up & returns? We are talking 250% mark up!
Put in formula:
Total Oil Cost = $20 per barrel
Total Sales price = $70 per barrel
Total profit = Total Sales price - Total Oil Cost
Total profit = $50 per barrel
$50 = 250% Mark Up
And this occurs, while we are @ war with terrorists! This is a step short of Treason! Oil Companies are waiting for any simple excuse to jack up the prices. The high price of gas @ the gas stations has nothing to do with the Iran or the Middle Eastern affairs. It has everything to do with the oil companies' greed.
So next time, when you are cussing out middle easterners @ the gas pumps, please remind yourselves of who is truly responsible for the astronomic price of oil.
President Bush needs to take a firm stand on this issue, conduct investigations & punish these criminals. There are Rules & Regulations to stop these types of business practices. Yes, what oil companies are doing is not practicing capitalism, it is not practicing free markets, it is highway robbery & definitely a crime!
Ahreeman X