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
Reply

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To unsubscribe from the IOWA-TOPICS list, send any message to: [log in to unmask] Check out our Listserv Lists support site for more information: http://www.sierraclub.org/lists/faq.asp To view the Sierra Club List Terms & Conditions, see: http://www.sierraclub.org/terms