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What is the cost of extracting a 55 gal drum of crude oil from the ground?


What is the cost of extracting a 55 gal drum of crude oil from the ground?

rule of thumb would be about 50% of what the drum cost at sale, so if it is $90 a barrel it costs roughly $45 to get it out of the ground. Most business attempt a 40 - 60% profit over cost, that is how they can afford to have sales from time to time to remove unmoved products. Oil is no different.

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