Replies to post #114453 on Plastic2Oil Inc (PTOI)

[P2O I'm from MO]

The world's cheapest oil to extract comes from Saudi Arabia and costs $2 a barrel. But that oil, over 8 million barrels a day, is pumped mostly by the Saudi national oil company and is largely off-limits to Western oil firms.

For Western firms, it can cost as little as $5 to $7 a barrel to pump the most easily accessible oil from places like Venezuela or Azerbaijan, said Fadel Gheit, a senior energy analyst at Oppenheimer.

Yes, I know it's not the only costs, but a far cry from the stated $28 / barrel.