Middle east oil geopolitics, page-179

  1. throwawayaccount
    277 Posts.
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    22/02/16
    18:12
    Post #: 17085436
    Some, but not all of them are the ones going bust..
    Probably the bigger issue with the US is the deferred Capex. As while some existing wells are profitable at 20-30 (let's be generous and say 60%) a much larger percentage is not profitable when you consider the start-up cost.

    So long-term production will decrease.
    SXY Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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