Very good article on why oil at sub $50/bbl is unsustainable.
http://euanmearns.com/what-is-the-real-cost-of-oil/
This article also shows why Wall Street is in love with the Permian Basin companies.
What does it cost to produce a bbl of oil?
What does it cost to produce a bbl of oil?
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group