Why $65 oil could change everything
US shale producers just hit their breaking point, and here's what happens next...
Hi,
US shale producers require an average of $65 per barrel to profitably drill new wells.
With current prices hovering around these breakeven levels, new drilling activity is expected to slow significantly.
This supply response typically takes 6-12 months to materialize – suggesting much tighter markets ahead. Access full story here.
-Christopher
P.S. Goldman Sachs forecasts lower oil prices, but this bearish consensus often marks significant bottoms in commodity cycles. You really need to read this before it's too late.