well, lets look at it from this perspective:
The UK economy is very sensitive to the price of crude, since they do not produce any,
Cable Update (GBPUSD)
- #49,461
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- #49,462
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British Petroleum
Humble Lifetime Member
- #49,463
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Charging UK consumers over $7.00 for a gallon of gasoline....
HOLLA
- #49,464
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Charging UK consumers over $7.00 for a gallon of gasoline....
- #49,465
- Jan 14, 2008 2:41pm Jan 14, 2008 2:41pm
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$7.00 and we complain about our prices here......
HOLLA
Man, we got it easy or do we? I heard that it more expensive to buy water in Saudi Arabia than it is to buy gasoline... Humble Lifetime Member
- #49,466
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British Petroleum
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Just Trade It
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$7.00 and we complain about our prices here......
HOLLA
- #49,470
- Edited 2:46pm Jan 14, 2008 2:45pm | Edited 2:46pm
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British Petroleum is not producing crude in the UK, they are occupying other countries.
Sector Organization
BP is the largest oil producer in the UK, with 26 fields producing a total of 471,600 bbl/d in 2004, according to OGJ. BP also operates the single-largest oil field in the UK, Schiehallion, with 2004 production of 98,900 bbl/d. Other large oil producers in the UK include Shell, ChevronTexaco, and Total.
http://www.eia.doe.gov/emeu/cabs/Uni...ngdom/Oil.html
They better be producing, I am a long term investor in BP.
Humble Lifetime Member
- #49,472
- Jan 14, 2008 2:47pm Jan 14, 2008 2:47pm
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Hey Look it's the old gang again!!! I haven't seen you guys in awhile. Where have you been?
GO CABLE GO
Humble Lifetime Member
- #49,473
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Just Trade It
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thats their stockpiles, the UK has no crude in the ground!!
Humble Lifetime Member
- #49,476
- Jan 14, 2008 2:52pm Jan 14, 2008 2:52pm
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thats offshore drilling, the UK has no crude in the ground!!
the UK also has the Wytch Farm field, the largest onshore oil field in Europe.
can we just get along?
Humble Lifetime Member
- #49,477
- Edited 9:37pm Jan 14, 2008 2:52pm | Edited 9:37pm
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Here we go again. Could you please, please, please read the post and link.
- #49,478
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It was fun while it last.....later....
HOLLA
HOLLA