$67 Oil Has All The Majors Converging in Argentina
Green Car Congress
MARCH 13, 2016
Prices for light oil are set at $67 per barrel and natural gas prices fixed at $7.50 That means consumers are not reaping the benefits of cheap fuel. Galuccio said that the profit from YPF’s shale oil and gas production was “marginal.” per million Btu (MMBtu). From the consumer’s standpoint, that may not sound like a great deal.
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