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Whether crude costs $60 or $120/bbl., the U.S. is almost free of depending on imported energy...

Whether crude costs $60 or $120/bbl., the U.S. is almost free of depending on imported energy and positioned to supplant Saudi Arabia as the world’s top producer of oil, Citi's Ed Morse says. While U.S. producers break even with prices of $72-$75/bbl. and will keep drilling new shale wells at $60 because they’ve already hedged future output, the Saudis face different challenges.
Comments (1)
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    Now there's an announcement we can all ge happy about.

     

    I wonder if the Saudi's are getting nervous about their political future.
    13 Dec 2012, 06:22 PM Reply Like
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