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OIL LESSON #1

It costs $1 to get a barrel of oil out of the ground in the Middle East.

The cost in the USA is $20-$50/barrel.

Thus Saudi Arabia and other Arab countries have dominated world oil production and pricing for many years.

As might be expected by this time, they have a substantial stake in the ownership of various large oil companies. These companies in turn own most of the companies that make lubricants. Do yourself a favor and buy American.

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