Nov 25, 2014
1:02:35pm
1:02:35pm
It means less profits for sure. And at some point, it doesn't make sense to
extract shale oil. The breakeven point used to be between $80-$100 a barrel, but I think the scale and economics of the industry have improved to where it is below that now, maybe in the $60-70 range or so.
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- Japan Coug
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