Here are some interesting numbers for those who follow the price of oil. At around $35, it's now about $25 per barrel below the cost of production in North America.--Tom



The nominal cost of oil production for various countries is:
Saudi Arabia – $21/bbl
Middle East – $24/bbl
Russia – $26/bbl
Mexico – $42/bbl
S.America/Europe/Eurasia/Africa – $56/bbl
North America – $60/bbl
Gulf Deep Water – $70/bbl
Canada tar sands – $82/bbl
other unconventionals – $100/bbl
Source: forbes.com/sites/jamesconca/2015/07/22/u-s-winning-oil-war-against-saudi-arabia/
		            											                
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