Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Owen
It’s pretty hard to hurt a country that can export crude. There will always be a buyer.

Yes, a buyer but at what price? An article last week said that Russian oil production break even was $101.70/bbl. Today's price on the world market was less than $98.00/bbl. What they lose in price they make up for in volume? Is that the way it works?

30 posted on 08/07/2014 12:02:48 AM PDT by TexasRedeye (Eschew Obfuscation)
[ Post Reply | Private Reply | To 27 | View Replies ]


To: TexasRedeye

Or.

The article was wrong and their production price is $40ish or whatever.

Ya pick whatever you want to believe that makes you feel good.


65 posted on 08/07/2014 3:50:53 PM PDT by Owen
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson