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To: familyop
From a look at few years ago, most of the oil producers in the Middle East needed from about $85 to $95 dollars per barrel to break even.

I am skeptical of those numbers. I'm not sure if those numbers are based on current Vs. historic value of the dollar or what. But that seems extremely high. I would think that number would be closer to $45 or $50/ barrel. But I'm no expert. Do you have any source recommendation for that?

19 posted on 05/28/2013 12:03:03 PM PDT by Tenacious 1 ("The British are Coming (to confiscate weapons)" - Paul Revere (We know how that ended))
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To: Tenacious 1
$45 to $50 barrel is my guess too. $50 per barrel is not feasible for fracking so this number most likely to settle. Easy to forget avg oil price history is 30 per barrel.
29 posted on 05/28/2013 1:18:56 PM PDT by Orange1998
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