Re: Oil at 114$
Gladiator,
Can you say 90%? Most companes don't run that high. The Oil companies ARE. They are actually trying to pump every single ounce of oil they can why? For the same reason you stated profit. Oil prices are high so they DO want to sell MORE. The problem is the whole oil peak + increased comsumption. "Easy" oil is runnnig lower and we are consuming more. A bad mix of events. Markets "solve" this by increasing the sales price.