Re: Oil profits: rent?



Dan in Philly wrote:
I almost hate to ask this in this group - could lead to a lot of monologues - but maybe someone knows the answer:

Oil companies have made big profits lately. How much of that is due to their owning oil wells? (as opposed to profits from refining, transporting, etc).

Citations would be appreciated; I googled but couldn't find anything. TIA.

Dan in Philly


Imagine the oil companies owned all the drilling, transporting, and refining equipment, but not the oil fields. Who would reap the greatest windfalls, the oil companies or the oil field owners?


MM
.



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