To: mnehrling
So then the increase in upstream earnings offshore compared to a decrease of US upstream earnings just means that they increased offshore oil production and reduced US oil production.
Right?
I'm thinking the downstream earnings are probably more on point vis-a-vis the "gouging" crowd.
To: Pessimist
Based on post #14, if anyone would complain about 'gouging' it wouldn't be the US. As you'll see, out of the $8 billion in 1Q earnings, only $162 million were US downstream earnings. This is only an increase of $14 million over 1Q 05 earnings, practically pocket change in the numbers we are talking about.
16 posted on
04/27/2006 10:46:26 AM PDT by
mnehring
(My Ramblings- http://abaraxas.blogspot.com)
To: Pessimist
17 posted on
04/27/2006 10:47:55 AM PDT by
AliVeritas
(May 1st: Be warned businesses, I'm making a list and checking it twice.)
To: Pessimist
18 posted on
04/27/2006 10:47:58 AM PDT by
mnehring
(My Ramblings- http://abaraxas.blogspot.com)
To: Pessimist
I didn't see offshore broken out anywhere. Are you using "offshore" here to mean, "not on US soil" or "overseas" or "in foreign countries," something to that effect, rather than drilling and production that is done in the ocean or other deep water?
37 posted on
04/28/2006 2:54:28 PM PDT by
Rte66
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