Will big oil companies go broke or get even bigger during the current fuel crisis?
by 
keithold thanks all baggers
ANSWERS: 2
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This is a really good question and some people could suggest either way on this one. However, my serious opinion is that they could go broke if people decide to stop driving!. This is due to the fact that the tax that we are paying in The UK is around 60% absolutley unbelievable. If any other countries are having to pay this much tax or anywhere near this then this could cause a revolt and could cause seriously trouble for oil employees as they would be seen to loose their jobs. x
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Oil companies certainly will not go broke. There is plenty of oil to go around. The probllem is how to get at it. This will require new technology; and, new technology will require money. So there is a silver lining in high oil prices. Let me give you a cost breakdown: a barrel from Saudi Arabia costs about $5 to produce; in Canada, where they extract a synthetic crude from the Tar Sands of northern Alberta, the cost is anywhere from $30 to $40 a barrel. As more and more oil is produced from this nontraditional and secure source, the speculative portion of the cost of a barrel will fall. (Speculative cost is anything in excess of $90 or so(real price of oil).) So it is natural for oil companies to get even bigger.
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