[kellynla]

“...no one can afford $38 oil now. Oklahoma can’t afford it.”

"But, Oklahomans have liked the lower pump prices (even if they have gone up in the last week or so"

I believe he's referring to people in the oil business...
“thackney” is a lot more knowledgeable than I on this subject but I believe the break even point for American oil production these days is about $40/barrel.

[Star Traveler]

You said — “I believe he’s referring to people in the oil business...”

Yeah, I’m sure that’s what was being referred to. But, my interests may not be their interests... :-)

—

And then you said — “thackney” is a lot more knowledgeable than I on this subject but I believe the break even point for American oil production these days is about $40/barrel.

I think I’ve been reading that it might have to go down to $20 a barrel before it “finds the bottom” and then works back up again.

[Paladin2]

"the break even point for American oil production these days is about $40/barrel"

I'd guess that the BE point for producers is all over the place. The question of interest to me is what is the price point for domestic producers to grow domestic output at, say 10%, per year?

Would it then be cheaper to invade Mexico or Venezuela to get off Arab Oil.?