Replies

10 posted on 12/18/2014 10:36:34 AM PST by spokeshave (He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people,)

13 posted on 12/18/2014 10:38:27 AM PST by spokeshave (He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people,)

Goldman sees U.S. oil output unscathed as costs decline

Crude price forecasts that are based on outdated cost data create a further downside risk because those expenses are shifting as fast as oil prices, according to the bank. The market view that the market can rebound “not only suggests that oil prices can go lower for longer, but also that the new normal is far lower than we thought just one month ago,” it said today.

In the three geologic formations that account for 88 percent of U.S. shale oil output — North Dakota’s Bakken and the Eagle Ford and Permian in Texas — explorers can drill new wells profitably in some areas even if crude falls to $25 a barrel, according to ITG Investment Research Inc.

That is an interesting chart. Thanks for posting.

Go American oil producers.

29 posted on 12/18/2014 12:18:34 PM PST by Grampa Dave (The Democrats, who run America are too old, too rich, and too very/very white elitist losers!.)