Cost of oil by country for them to hv breakeven balanced budget..interesting approach

Who Wants The Highest Crude Oil Price? Presenting The OPEC Cost Curve

peakoil.com 12 Aug '12, 5pm

Cost of oil by country for them to hv breakeven balanced budget..interesting approach

With the presidential elections fast approaching, the last thing the incumbent wants is for the one thing that can spoil the party – a surge in oil, and thus gas prices – to happen. Which is why despite a sharp return in Iran/Syria war rhetoric, we doubt that the trade off between a “wag the dog”-type transitory war euphoria and $5 gas will be an accretive one for the administration at least in the short-term. Others who certainly would prefer to avoid the record $140 WTI prices seen just before the Lehman collapse are the majors, where margin contraction can only be offset by very finite end-demand destruction. Yet there are those who not only would like to see a surge in oil prices, but in fact need it, to preserve their viability. Chief among them: Iran . Because according to a just released analysis by the Arab Petroleum Investments Corporation, the price at which oil ...

Full article: http://peakoil.com/consumption/who-wants-the-highest-crud...

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@_mohdyakup » 12 Aug '12, 5pm
RT @khalidkarim: [link] Cost of oil by country for them to hv breakeven balanced budget..interesting approach
@khalidkarim » 12 Aug '12, 5pm
[link] Cost of oil by country for them to hv breakeven balanced budget..interesting approach
@peaktweat » 12 Aug '12, 5pm
#peakoil Who Wants The Highest Crude Oil Price? Presenting The OPEC Cost Curve: With the presidential elections ... [link]
@Energy_Risk » 12 Aug '12, 5pm
Who Wants The Highest Crude Oil Price? Presenting The OPEC ...: Peak Oil News and Message Boar... [link] #crude #oil #risk