SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (80796)10/3/2011 12:59:51 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 218070
 
cost of extraction $8 to $10 per barrel or lower. Still that cheap with all the water they need pump in ?

I think I'll do some digging ... Other problem is they need to fund all their infrastructure and education expenses for the demise of oil ... I doubt they can live with oil much below 70, especially considering the double whammy of the USD depreciation in the last 5 years... Arabs are between a rock and a hard place



To: Haim R. Branisteanu who wrote (80796)10/3/2011 1:49:37 PM
From: 2MAR$  Read Replies (2) | Respond to of 218070
 
Iraq is supposed to be the lowest extraction in the world , at $4-$6 a barrel ? I hope they love us when we leave <bg


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News