gas prices? WHY????

I was just at 3 day training sessions for the OSSA {Oil Sands Safety Association } and had this talk with several dozen people from Kitimat and Ft Mac , the common misconception is that the important number is the price to make a profit ,the real important number is the actual cost to extract , they can mitigate the rest by storing for future or cutting transportation and refining margins but when it gets down below the cost to extract the lights have to go out period , in the oil sands some fields can get down to around 35 bucks but most are looking at @ 45 bucks , US fracking costs 45-65 bucks , Arab oil is stick a straw in the ground and out it comes at 10 bucks . I mentioned in my first post that Russia signed a trillion dollars worth of futures contracts with China , this was at the 80+ range as mentioned by oldmopardude the Chinese are not happy but Russia isn't hurting as much as your propaganda whores have been telling you . The reality of Russia is they have been increasing their Military budget by @ 200 billion a year while the US has been cutting , Russia now has achieved tactical nuclear superiority ,that statement comes from the heart of the US military , let that sink in before you start your sabre rattling folks then couple that with their economic linking to China -the number 3 nuclear power .