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Old 10-08-2008, 08:58 AM   #4
stefaan
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Cool Re: Analyst sees oil dropping to $50 on global economic slowdown

Somewhere I heard/read the price shouldn't drop below $80. The average cost to produce is like $80 nowadays***. In that case the revenue is zero or below zero. Seems not right, but I remember it like that. If the oil-compagnies don't get any revenue, it's alright with me. But there would be consequences of course.

Could the following site give some insight ?
Oil Price History and Analysis

*** I 'm looking to confirm this, but so far didn't find anything
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