Oil is like any other commodity when one removes the government finger from the scale. The past twenty years have seen artificially high oil prices. No one knows the true break even point...that is yet to be determined. It is considerably lower than the industry is willing to admit.
The past twenty years have seen artificially high oil prices. All twenty years? 1998~99? 20004?
No one knows the true break even point...that is yet to be determined. It is considerably lower than the industry is willing to admit.
That must be with the oil companies consistently have such higher profit margins than other businesses.
