The price of a Barrel of Oil is now higher than ever, where does this money go?

Someone must be getting extremely rich from this..The price of a Barrel of Oil is now higher than ever, where does this money go?
why must you be worried where the money goes?dont you have any other job?what the hell can you do?The price of a Barrel of Oil is now higher than ever, where does this money go?
The Saudi's - they determine the price of oil (even though other countries also export some oil, the largest and richest land masses of oil comes from Saudi Arabia).





As for the ';fact'; that we are running out of oil, there have been numerous occasions of oil barons coming forward and stating that we have enough oil to last hundreds of years - they just see the potential to make lots of profit. Look it up and see what you find...
Countries/Oil companies are making vast profits. Some of the profits are re-invested in locating oil fields, but also individuals in these companies/countries r making vast wealth.





The government is raking in the tax.


Some of this money goes towards the services that the people are needing, some to pay for defence. The rest of the money, who knows!
did you know that a barrel of Coca-Cola is even higher than oil?


did you know that a barrel of Budwiesers beer is even higher that CoCa Cola %26amp; Oil together???





add that to your info
some goes to the oil companies and even more in taxes to the goverment then the goverment taxes the oil companys and scores again and thats before you pay 70p a ltr in tax when you fill up
the money goes to who ever is selling the oil, if u wanted you could buy a barrel of oil... keep it for several years and then sell it again your guarenteed to make profit
All i know is the u.k pay loads in tax to our government and its half the price in the states for fuel and it about time our uk government stopped taxing us all to the hilt.We are sinking cos of it
Into the pockets of the Oil Barons and the Petrol companies
The British government rakes in 80 per cent in revenue on every litre of petrol sold at the pumps.....and yet we the taxpayer pays for Gordon Browns kitchen improvements and his sky tv subscriptions.......politicans are worse than pimps.
the oil sheiks and the british goverment ;-)
and guess what, it is also a record profit year for those oil companies!!! THat is some baby back bullsh*T!!
Rockefeller
The bloody Arabs who love their camels more than their wives.
the oil is running out people...
to al quada.
i would say it is going to someone, but it sure isnt us, the tax payers!!!
A barrel of oil out of the ground on its own is pretty useless to most people.There is a whole chain of people and processes involved in getting the basic product to end users in a form they can use and recognise.





The oil that comes out of the ground is sold by the people who own the oil field.The people who refine it ( yer basic international oil companies) process the crude oil and then sell on the different 'fractions'.The different fractions include the different petroleum products we are all familiar with.Petrol.Diesel.Kerosene for planes.





So there are a whole lot of people getting rich from it but you knew that already.