An overstatement. Now, about that $30/barrel average.
However, increasing demand at a time of high demand and high prices does, indeed, have the effect of raising prices and profit. Remember, the last 5, and 3, and 1% of demand carries with them the highest profit.
Doing that unnecessarily has the effect of unnecessarily increasing profits for oil companies.
And the cost of the SRO is overall $30 per barrel? There would have to be a helluva lot of $15 per barrel in there.
Arf
