Tuesday, August 9, 2016

US oil producers can now compete on production costs with Saudi Arabia ?

According to this article on Al Fin's blog.

It has been and still is my considered opinion that energy is key.  If the frackers can frack up enough oil to make the USA energy independent, it will be "yuge".

I heard differently on the costs of fracking, though.  It is a surprise to read that this might be a real possibility-- that USA frackers can compete on costs with the low cost producers up until recently.

Whoever is the low cost producer is going to be king of the oil patch.  Saudi Arabia may about to be dethroned.

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