How much of our oil comes from the oil wells owned by Chevron, Shell, Exxon, ect....???

These oil companies are not paying $135 a barrel. I think it cost them 98 cents to drill, refine and transport one gallon of gas. The other $3.50 per gallon is pure profit. Less 5 cents for re-election accounts.How much of our oil comes from the oil wells owned by Chevron, Shell, Exxon, ect....???
2% of our oil and gas comes from major domestic producers. The government makes twice the profit the our oil companies make.





Between 1977 and 2004, the industry鈥檚 domestic profits totaled $643 billion, after adjusting for inflation.





Since 1977, governments collected more than $1.34 trillion, after adjusting for inflation, in gasoline tax revenues鈥攎ore than twice the amount of domestic profits earned by major U.S. (Shell is not a US company) oil companies during the same period.';





In 2004 the cost of drilling for crude oil per foot was $298.45, I'm sure it's higher now with inflation. The cost of dry wells was $327.91, not every well produces, it's hit and miss. The average depth of crude wells is 6006 feet. That is almost 2 million per well.The cost to explore for and develop oil fields in 2006 was $63.71/barrel for U.S. offshore.





Do you think Canada or OPEC gives them a big discount? You do know we import over 60% of the oil used here in the US, most comes from Canada.





My husband drives a nitrogen truck for an oil services company and there is alot more to it than you can imagine. These people work their tails off so we can have a decent life using the energy they produce.





Congress is not allowed to take money from oil companies, that has been a law since the break-up of Standard Oil. They have to divest themselves before taking office and yeas Bush and Cheney did divest of oil profits. Mr. and Mrs. Cheney gave 78% of their 2005 income to charity. The couple donated $6.9 million, including the proceeds from stock options and book royalties that Mrs. Cheney routinely gives away. Their giving went to three nonprofit causes in health, higher education and services for inner-city youth.How much of our oil comes from the oil wells owned by Chevron, Shell, Exxon, ect....???
';They'; are the investors that are making the profit and that is most anybody with a retirement plan, pension fund or mutual fund. Most of what the company keeps goes back into R %26amp; D. Report Abuse