Plunging oil prices have taken the punch bowl away from the U.S. unconventional energy party. So what happens next? The answer is to be found in a single calculation: whether the commodity price exceeds the cost of production. No one is ready to call a bottom at this point, but with U.S. prices now in the $40s, all rational thought on this topic must go to determining the ever-elusive cost of production in the shale-rich regions of North Dakota and elsewhere…
When Will the Price of Oil Hit Bottom
Posted on in Forbes