How much does a barrel of oil have to cost to keep our rigs running? Coal would allow us to export more. Nuclear? Build a few. We would be a DEPENDABLE supplier. Squeeze the weapons money going to the middle East.
“How much does a barrel of oil have to cost to keep our rigs running? “
Depends if you are talking about drilling rigs or workover rigs.
Generally, drilling rigs require higher oil prices than do workover rigs.
Think of it this way: workover rigs are used to maintain oil wells already drilled and producing, while drilling rigs are used to find and tap new oil.