[bigheadfred]

But the cost of fracking means that fuel prices must remain high to keep it economical to do.

[zeestephen]

Break even on Fracking is $65 a barrel?

Holy Shmoly!

Break even on Saudi oil is under $10.

I did a little more research...

The break even on USA off shore oil is around $65, too.

I had no idea costs are that high.

[willgolfforfood]

Well I believe natural gas has dropped from above $10 down to less than $3 per MCF since fracking really got going. So gasoline is not dropping, apparently. NatGas is WAY down.

[crusty old prospector]

He is wrong about the decline rate, especially on Eagle Ford wells. Most are still producing at a shallow decline between 50 and 100 BOPD in the sweet spots after a couple years. And with wells IP’ing around 2000 BOPD, the payout is only a couple months which is the most important factor.

[Army Air Corps]

Ping.