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Politics : Formerly About Advanced Micro Devices
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From: Brumar895/12/2015 7:18:16 PM
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Drillers Answer Low Oil Prices With Cost-Saving Innovations
By CLIFFORD KRAUSSMAY 11, 2015

http://www.nytimes.com/2015/05/12/business/energy-environment/drillers-answer-low-oil-prices-with-cost-saving-innovations.html?_r=1

...... Patrick Pouyanné, chief executive of Total, the French oil and gas giant. Mr. Pouyanné estimated that the break-even price for operating in 75 percent of the shale oil fields a year ago was $75 a barrel, but that is now down to roughly $60 because of innovation and lower service company costs. He predicted that the break-even cost could go as low as $50 before long.
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