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To: SeekAndFind

What’s the fiscal break-even price for oil in the USA?


9 posted on 10/19/2014 7:00:47 PM PDT by Ken522
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To: Ken522

Good question.

Won’t the drillers know?


11 posted on 10/19/2014 7:04:07 PM PDT by Gamecock (USA, Ret.)
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To: Ken522
What’s the fiscal break-even price for oil in the USA?

Make sure you understand the term they are using. Ficsal break-even price referees to the government collecting as much money as they are spending. They are NOT talking about cost to produce oil.

So for the US government to collect as much as they spend through the taxes on the oil companies, it is probably about $100,000 a barrel.

52 posted on 10/20/2014 4:43:42 AM PDT by thackney (life is fragile, handle with prayer.)
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