tag:blogger.com,1999:blog-24847368.post7165624432463381605..comments2024-01-29T10:04:23.986-08:00Comments on Al Fin Energy: Sell at $115 bbl; Produce at $15 bbl; Profit of $100 bblal finhttp://www.blogger.com/profile/13739269791915017382noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-24847368.post-66781213450588064452012-12-29T13:06:56.753-08:002012-12-29T13:06:56.753-08:00Good points.
The value of the US$ is rapidly decl...Good points.<br /><br />The value of the US$ is rapidly declining under Obama.<br /><br />And as you say, the issue of <b><i>fiscal breakeven</i></b> is just as important to oil - dependent states as is the issue of production costs.<br /><br />For this posting, I chose to focus exclusively on production costs in order to get a clearer picture of that issue in isolation.<br /><br />But as you say, for governments which depend upon oil revenues to pacify their populations -- such as the OPEC states, Russia, etc. -- fiscal breakeven cannot be ignored.al finhttps://www.blogger.com/profile/13739269791915017382noreply@blogger.comtag:blogger.com,1999:blog-24847368.post-50305487927865339582012-12-27T14:15:00.454-08:002012-12-27T14:15:00.454-08:00The problem with the chart is to understand how 20...The problem with the chart is to understand how 2007 US$ correlate with US$ 2013.<br />This is needed to correlate the current costs with the current prices.<br /><br />This economic crisis could reduce oil consumption enough to drive the price down to 2007's 60 US$. This would destabilize many oil producer countries, because without oil revenues they are not able to bribe their populations to stay submitted.<br /><br />In particular, if oil revenues go down, Saudi Arabia will have political turmoils and Egypt will become a political nightmare because it will be totally unable to pay for food imports (it is already on the edge).painlord2k@gmail.comhttps://www.blogger.com/profile/04566115851088917514noreply@blogger.com