LSE tonight, page-6369

Current oil price around $46 per barrel,  surely oil production in Alaska is going to be $50 per barrel plus if it costs $45 per barrel in the most attractive shale basin in the world . There is no funding for new shale oil projects imo.

http://oilprice.com/Energy/Oil-Prices/Shale-Rebound-Runs-Out-Of-Steam-At-40-Oil.html

But with oil prices now sharply lower, the issue of rising production costs is a more urgent issue. According to Wood Mackenzie, the average oil well even in the most attractive shale basin in the world – the Permian Basin – breaks even at roughly $43 per barrel. Importantly, that breakeven price is actually higher than it was earlier this year at $39 per barrel. Service costs will continue to climb this year, and the breakeven price in the Permian could rise to $45 per barrel in the months ahead.