[ryan71]

“* We have greater confidence in the scale and sustainability of US shale oil production. “

But at what price does shale become unprofitable?

[Nervous Tick]

>> But at what price does shale become unprofitable?

Great question. It’s not “a” price; whether production is profitable depends on various factors (where, how old, what technology are some I can think of off the top of my head).

Here’s some data to chew on:

http://www.reuters.com/article/2014/10/23/idUSL3N0SH5N220141023

If we’re lucky, thackney will weigh in on the subject. He is well informed.

[TheThirdRuffian]

At about $80. Drilling is coming to a screeching halt, with companies limping along to preseve leases.