Yall keep me posted on how much you're grocery bill drops with lower gas prices... Better yet... Order something and let me know how your shipping cost dropped.. buy some shingles and see if there still 3 times what they used to be... I'm gonna bet the only thing that changes is profit margins.
I agree that there a lot of wasted money in the oil field... As of any business. Take investment bankers... Are they worth multi million dollar bonuses.. Not if you're not one of them!!
Oil field profits pay employees, pay for exploration and production cost. Even as good as today's technology is, when you're drilljng a well, you find out 100% what you got when you're done. Do you know how much money is lost when you're wrong??? Enough that a large group of us on the board could retire and our kids could too. But companies/individuals/investors taking those risk to learn more and find more and get us to the point that we're producing more than ever and in the end make a profit &Provide jobs for a lot of people.

Would you rather keep those HUGE profits in the USA or send them overseas?