BHP should have held IO prices up ..Now OIL falls will add to their pain .
Bad Karma for BHP ..as it feels the impact of Falling commodities from Oversupply..
Stable commodities Prices ..is Paramount to Success not higher Production Volumes
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So, what is the absolute lowest price oil can be produced for in the U.S.?
Consider this—fracking last boomed in the U.S. back in the mid-1980s, when a barrel of oil fetched around $23.
That is equivalent to around $50 a barrel today, when adjusted for inflation.
That fracking boom went bust after prices fell to around $8 a barrel, which is worth around $18 in today’s money.
With oil last week hitting $63 a barrel, it seems that prices have a lot more room to fall before things get really scary.
