Quote:
Originally Posted by lawrenceRaider
I read the other day that the cost of US based oil is much lower than previously thought, and that most could make a profit it it were at $40/barrel.
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Quote:
Originally Posted by morphius
Talked to a oil guy last week, and a bunch of the fracking they have down to $20 a barrel.
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From the research reports I've been reading the floor in costs for fracking is $40-50 a barrel but trending down.