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Chart of the Day: Oil production paths

This chart from Goldman Sachs shared by the expected path of production of crude oil in the United States at different prices. Over the past few years, US producers have significantly reduced production costs and they ar…

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Chart of the Day: Oil production paths
Chart courtesy - Soberlook.com

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This chart from Goldman Sachs shared by the expected path of production of crude oil in the United States at different prices.

Over the past few years, US producers have significantly reduced production costs and they are going to increase production even at $50 per barrel. Only a price around $45 could hinder the growth.

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