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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: pcstel who wrote (146510)	10/27/2014 1:42:01 PM
From: tejek	Respond to of 149317

Sorry to hear the Liberals consider it as Bad News!! Did you bother to read the article? Of course not. And so it goes..........

To: pcstel who wrote (146510)	10/27/2014 1:45:26 PM
From: Wharf Rat	Respond to of 149317

FACTBOX-Breakeven oil prices for U.S. shale: analyst estimates Oct 23 (Reuters) - A sharp decline in oil prices over the past four months has called into question the sustainability of North American shale production. Global benchmark Brent crude has fallen about 25 percent since June due to oversupply, weakening demand and indications that key oil producers, particularly Saudi Arabia, have limited appetite to intervene in prices. Bernstein Research said this week that about a third of U.S. shale production would be uneconomical if oil prices were to fall to $80 per barrel. Brent was trading at $86.40 and U.S. crude at $81.55 at 1735 GMT on Thursday. Below are several analysts' estimates of the breakeven oil price for various shale fields in North America. KLR GROUP (Oct. 22) "The U.S. E&P industry needs (more than) $90 NYMEX, about $100 Brent, oil prices to maintain the current oil rig count of 1,500-1,600 rigs, which is intrinsic to our U.S. oil production outlook. A comparable NYMEX oil price is needed to maintain the projected pace of Canadian oil sands development." many more reuters.com