The heavy, sour crude from Venezuela and elsewhere needs about $60 per barrel to break even.
Mr_Shizer on
Duh.
RocknrollClown09 on
This is literally just a distraction from the Epstein Files, which were supposed to be released on Dec 19. As of now, only 1% has been released.
This issue has ‘ waited’ for years. Funny it has to happen at this very convenient time.
CLTGUY on
The cut-off limit for the oil companies to be profitable is around $50 a barrel. By my limited knowledge on the Oil and Gas business, this would be bad for them. There is no way CVX or XOM would support this.
sylsau on
Has he considered the consequences of such a price?
5 Comments
The heavy, sour crude from Venezuela and elsewhere needs about $60 per barrel to break even.
Duh.
This is literally just a distraction from the Epstein Files, which were supposed to be released on Dec 19. As of now, only 1% has been released.
This issue has ‘ waited’ for years. Funny it has to happen at this very convenient time.
The cut-off limit for the oil companies to be profitable is around $50 a barrel. By my limited knowledge on the Oil and Gas business, this would be bad for them. There is no way CVX or XOM would support this.
Has he considered the consequences of such a price?