When Will the Price of Oil Hit Bottom

When Will the Price of Oil Hit Bottom

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…

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