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Current Oil Prices Create Opportunities Posted 2 March 2015 by Admin. Blog, Industry News

The recent fall in the price of oil to below $50 per barrel threatens to shut off the more expensive oil production facilities. That means shale oil, which in the US typically has a $70 per barrel breakeven point. Therefore, the newcomers to the oil market have created market forces that threaten their own survival. The USA does not produce enough oil for its own needs and the rest of the world has grown rich supplying that shortfall. read more

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