When a Texaco oil rig mis-triangulates its drilling position and hits a nearby salt mine full of workers, an entire lake complete with homes, barges, and land drain into the enormous sink hole. Soon the river reverses direction and brings in water from the ocean, swallowing up more land.
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You need to get a life!
Europeans and Americans pay the _same_ for the oil itself. Europeans have the added tax burden that we don't have and that's the difference in costs between us and them.