Quote:
Originally Posted by Johnny 99
Ditto for the way oil is produced. It costs less than twenty bucks to bring a barrel of oil to market. It closed today at just under $103/barrel. Many developed countries in Western Europe provide third level education completely free of cost, despite lacking anywhere near our per capita surplus.
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Johnny, I can confirm without a shred of doubt that you have no idea what you are talking about here. First of all there is a massive range in the cost of bringing oil to market. But I can tell you that the marginal barrel is much higher than 20 bucks. And BTW you are quoting WTI. The majority of growth and growing percentage of crude is heavy sour, which is discounted to WTI.
Regardless, I'm not sure what the cost of bring oil to market has to do with funding education. Corporations take oil to market, not governments.
I wasn't aware that there was spare capacity at post secondary institutions that could fill themselves up if they could just lower their tuition costs.