Monday, April 02, 2012

The price of oil....

<<When in December 2008, 60 Minutes correspondent Lesley Stahlasked Saudi Oil Minister Ali al-Naimi how much it cost Saudi Arabia to produce one barrel of oil, he didn't blink: "Probably less than $2 to produce a barrel." If it costs only $2 to produce a barrel of oil, then why do we pay over $105 a barrel? >>


Read the rest: http://www.npr.org/blogs/money/2012/04/02/149684373/the-real-reason-gas-costs-4-a-gallon



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