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Originally Posted by redneck
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National oil companies can sell fossil-fuels at prices below those of joint-stock corporations.After extracting,liquifying,and transporting the product,it can remain competitive.In the early 1970's,West Texas intermediate crude was $3 at the wellhead.Saudi Arabia was selling at 25-cents/barrel.
The EIA gave Trinidad&Tobago's share,at 86%,not volunteering where the remaining 14% came from.
As to the 250-years figure,as long as we're discussing climate change,then that gas will have to be reserved for everything but combustion.And that's predicated upon the rogue methane leaks from fracking being brought under control.