[thackney]

Reading past the apparently meaningless headline, the article states:

"the break even is closer to $35 a barrel with other cost factors"

Other cost factors? Like cost to produce the oil and bring it to market?

[rodguy911]

Why are we having fifty dollar oil in the peak of driving season?How much is crude being manipulated on the big board?

[silverleaf]

Let’s just hope obozo doesn’t give his new Cuban bff’s a 200 mile economic zone around every rock they claim

[The Cajun]

Just a note, big push right now to lease a bunch of land in south Louisiana by two companies.

Their idea is to use the offshore technique of one rig at one location to drill several wells, in the neighborhood of 30,000 ft.
And the depth is 30,000 ft. vertical!

They have to be looking at the future and not the current price trend for sure, for such an expensive project (estimated 300-500 million).