Oil Prices

[Behappyalways]

What matters are marginal costs -- the expense of retrieving oil once the holes have been drilled and pipelines laid. That number is more like $10 to $20 a barrel in the Persian Gulf, and about the same for U.S. shale-oil producers. The estimated $50 to $69 a barrel break-even point for most new U.S. shale-oil production is less relevant.


Ready for $20 Oil?
http://www.bloombergview.com/articles/20...for-20-oil


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