Thanks Q,

You just proved that Exxon was not paying market rates for Hibernia crude.

>>Reuters, Jan. 17, 2007- Newfoundland Rejects Hibernia oil field expansion. (In essence, they want a bigger cut).<<

When I was studying business in Newfoundland in the early 80's the projected break even price for Hibernia crude was about $12 per barrel. At ten times that amount Exxon is making a killing on Newfoundland oil.