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andrewjoseph

01/18/11 8:00 AM

#21781 RE: buccaneer1961 #21684

The oil buyers come around to the well sites and pick the oil up for free? The oil buyers? That's how they do it in that part of the country?

You need to do some research on the process, like I said its very simple and not much has changed in a hundred years other than some equipment technology. You are just responding to my points blindly and leading other investors down the wrong path.

Unless you have a pipeline, which they don't, you pay for the transport to the refinery. They are the "oil buyers". This is a cost you can't get away from. No individual people are going to buy the oil and take it with them and pay the market rate.