More proof that the profit come from our own domestic oil.
The U-T story said”
Profits climbed 65 percent increase from the $3.14 billion profit during the same period a year earlier, while revenue rose 12.6 percent to $47.1 billion.
END U-T
Now we are all informed, about WHY the oil companies make so much money. It is NOT because the futures market is trading so much higher, but because they can sell their cheap domestic oil at futures market prices, so their profits rise 3X as much as revenue.
I wish I could claim credit for figuring this out. It was my brother who told me.
