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To: Kaslin
Their point is that oil production in the United States has a breakeven price of $60-$65 a barrel.

Sounds high to me.

These are 55 gallon barrels we are talking about. That's over 3,000 dollars a barrel to break even?

11 posted on 03/07/2015 5:56:15 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Texas Eagle

A barrel of Crude oil contains 42 gallons

https://en.wikipedia.org/wiki/Gasoline


12 posted on 03/07/2015 6:00:01 AM PST by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... Obama is public enemy #1)
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To: Texas Eagle

You’re multiplying when you should be dividing.


14 posted on 03/07/2015 6:03:45 AM PST by RegulatorCountry
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To: Texas Eagle

Sorry, but I don’t follow your math. Probably you’re using Common Core. LOL!!


17 posted on 03/07/2015 6:15:08 AM PST by John Valentine (Deep in the Heart of Texas)
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To: Texas Eagle
These are 55 gallon barrels we are talking about.

I thought they were 42 gallon "barrels".

37 posted on 03/07/2015 7:37:23 AM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves Month")
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To: Texas Eagle

They are talking about barrels. Not gallons.


39 posted on 03/07/2015 7:41:07 AM PST by US_MilitaryRules (The last suit you wear has no pockets!)
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To: Texas Eagle

Your math is kind of messed up.

How do you go from saying that the U.S. has a break even price of $60-65 per BARREL and then determine that means the break even price is actually $3000 per BARREL?


49 posted on 03/07/2015 9:56:23 AM PST by sipow
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