DislikedI am not really sure what is the actual of the production price of OIL now. Technically, it shouldn't dive below the production price... (maybe around USD55 to USD60 per barrel... can anyone confirm this?) OPEC will surely cut or stop production if the price is below the production price. The price should stabilised around $60 to $80 for this current crisis. Just my point of view.
Logically, if I have a factory... why should I sell my product at $40 whereas the cost to produce it is $60.
Okey dookey... time to concentrate on my apprentice. Cheerio!Ignored
http://www.energyandcapital.com/arti...-gas-crude/461
"A smooth sea never made a skilled mariner"