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To: Ernest_at_the_Beach

From a look at few years ago, most of the oil producers in the Middle East needed from about $85 to $95 dollars per barrel to break even.


6 posted on 05/28/2013 11:10:04 AM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: familyop
From a look at few years ago, most of the oil producers in the Middle East needed from about $85 to $95 dollars per barrel to break even.

I am skeptical of those numbers. I'm not sure if those numbers are based on current Vs. historic value of the dollar or what. But that seems extremely high. I would think that number would be closer to $45 or $50/ barrel. But I'm no expert. Do you have any source recommendation for that?

19 posted on 05/28/2013 12:03:03 PM PDT by Tenacious 1 ("The British are Coming (to confiscate weapons)" - Paul Revere (We know how that ended))
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To: familyop

The 95 to 115 range bandied about is not production cost; but, attributed toward needed revenue to dispense thus maintaining political stability.


34 posted on 05/28/2013 4:26:26 PM PDT by Ozark Tom
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