Commodity Markets Update: A View from the Top with Saad Rahim
The HC Commodities Podcast
00:00
The Rise of Shale Oil Production
Break-even costs have risen, and there used to be probably around $55. The number that we then have to drill just to stay flat goes up quite significantly. And what a lot of companies are finding is the best investment I can do in many of these cases for some of these companies is not to go out and drill more.
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Transcript
