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Nov 25, 2014
12:55:50pm
"80% of the American shale sector...is profitable at prices between $40 and $80"
Marianne Kah, chief economist of ConocoPhillips , said oil prices would need to fall to $50 a barrel “if you wanted to completely halt production” in U.S. shale basins. She said 80% of the American shale sector—in which ConocoPhillips is a major operator—is profitable at prices between $40 and $80 a barrel for benchmark West Texas Intermediate crude.

http://lmgtfy.com/?q=profitable+shale+price
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Originally posted on Nov 25, 2014 at 12:55:50pm
Message modified by Don't Muff It on Nov 25, 2014 at 12:57:56pm
Don't Muff It
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Don't Muff It
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