Big Oil credit goes to Rigsource Inc. for this article.
How Big Oil took over the oil market
The term “economies of scale” might as well have been invented for the oil and gas industries. Think about how much it would cost to start a new company with the vision of prospecting and drilling for oil, refining it, and selling it as gasoline. It would cost you billions of dollars to sell that first gallon. But we know too that the oil and gas industries are highly profitable. In fact, even with oil prices slumping, oil and gas companies make up half of
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