High risk of bankruptcy for one-third of oil firms: Deloitte
But what is really interesting is this extract
"While 95 percent of oil producers can produce crude for less than $15 per barrel - a testament to cost savings and technological improvements since mid-2014 when only 65 percent of producers could produce near that level."
So what might the cost of production be when (if) the resource is proved up, and what improvements might occur in the next few years?
High risk of bankruptcy for one-third of oil firms: Deloitte But...
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