A lot of people say they’re profitable at $60/barrel, but it’s more like between $50 and $80, depending on a bunch different factors, such as location and extraction method.
But that’s only considering profitability in the terms of the current political system.
If a new system came along that factored in harms to the environment, global warming, etc., they could go back to being unprofitable.
They’ve been profitable for some time.
A lot of people say they’re profitable at $60/barrel, but it’s more like between $50 and $80, depending on a bunch different factors, such as location and extraction method.
But that’s only considering profitability in the terms of the current political system.
If a new system came along that factored in harms to the environment, global warming, etc., they could go back to being unprofitable.