The average worlwide cost of oil is about $ 65 for producers to breakeven. New discoveries will not likely be funded in the short run and the supply will again tighten and prices will go up unless this recession last many years. We need a new energy plan and instead of shelling out welfare checks we should spend on infrastructure and provide tax incentives for alt. energy so in ten years we are not under the cresent sword still.
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New discoveries will not likely be funded in the short run and the supply will again tighten and prices will go up unless this recession last many years.
We need a new energy plan and instead of shelling out welfare checks we should spend on infrastructure and provide tax incentives for alt. energy so in ten years we are not under the cresent sword still.