Duhh! Isn't that's what I was saying?
Oh, you just has to sound smarter than any one else. The companies that's exploring/extracting oil from Earth and selling it on Market can't survive long on $18 per barrel. Especially those who are FRACKING (method of extraction ). Why can't they all thrive? Because oil doesn't flow like a river! You can forget about those movies you have seen in your childhood when oil explorers drill and when they hit oil, fountains of oil were shooting 70 feet in to the air. Those times been long gone. Like those you have seen on TV not long ago, the burning oil fountains in Kuwait, uhh. Easy oil has been pumped out and used up long ago. Now these days, there are less and less oil available and are deeper in the earth or deeper under water and much harder to get to it. Then you got to bring it to the surface (remember what happened in the Gulf of Mexico, the Deep Water drilling rig operated by BP?)than transport it to where it needs to go than pay the payroll to all involved (check on google what oil company CEO makes a year). Then you will understand why it's so costly and BIG oil companies can't survive on $18 barrel, I'm not talking about some sort small oil company operators. And oil they get is not that High quality oil it was decades ago, it's mostly a dirty oil that are more costly to process and figure in pollution factor. But countries that are importing oil like China, ohh thay love cheap oil prices and I love it too because I have to fuel my car at the gas station and I'm not a millionaire yet, I just one of those who benefits from cheap oil prices and do understand a little how things are, where, how, and why.
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