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4 posts by 4 users
Mar 31 '08, 04:59 AM
You guys will be baffled by this one, just as I am!
Check out the renderings and details on the upcoming world's tallest tower, slated to reach 1 mile high in the Saudi Desert:
Introducing the World's Tallest Building: Mile-High Tower in Saudi Arabia
No bubble out there, huh?
Joshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/
Mar 31 '08, 11:34 AM
Well now we know why OIL is costing so much these days!
Apr 01 '08, 06:31 AM
It costs about $3-$4 to get the oil out of the ground in Saudi.
Figure another $6 to get it to the US. It is worse quality than WTI but you can see the profit margin.
They produce about 10 million barrels a day. At $90 profit that is almost a billion Dollars a day.
Now they just need to find a way to spend it. I guess they just found one.
I would go to work with my own parachute. Sounds like BASE jump heaven.
Apr 15 '08, 09:39 AM
They're spending that money by buying us.
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