[proxy_user]

US frackers now have a production cost of $27 a barrel. They will not be knocked out by SA and Russia so easily this time around.

In fact, SA and Russia may be crying for mercy instead. SA needs $90 a barrel to run its welfare state, and Russia needs $50 just to pay their bills at their current low standard of living.

[C19fan]

The Saudis tried to drive US frackers out of business in 2016 when Brent fell below $30 a barrel. Yes marginal frackers went under but the stronger players survived and thrived.

[C19fan]

An oil war tale of the tape.....

[caww]

Interesting oil war to watch....haven’t heard much about how energy dependent EU is looking at this.

[Zhang Fei]

[US frackers now have a production cost of $27 a barrel. ]

---

And the fixed costs go down every time a fracker goes chapter 11, zeroes out the shares and turns debtholders into new shareholders.