US Shale Is Now Cash Flow Neutral
Green Car Congress
DECEMBER 23, 2016
Oil prices are probably already high enough to spark a rebound in shale production. Even when US oil production hit a peak at 9.7 million barrels per day in the second quarter of 2015, the industry did not break even. He estimates that OPEC’s cuts could succeed in pushing oil prices sustainably up to $55 per barrel.
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