stander Posted May 27, 2016 Share Posted May 27, 2016 Question to the guys working in the Oil&Gas. What is a fair price for Oil ? For me $65/70 is about right, what say you ? Link to comment Share on other sites More sharing options...
JaiLai Posted May 27, 2016 Share Posted May 27, 2016 $300 Link to comment Share on other sites More sharing options...
CGW Posted May 30, 2016 Share Posted May 30, 2016 100 plus views and no replies (serious that is!) what do that say, nobody has a clue or just not interested in replying? probably the latter! Oil as everyone knows is sold at benchmark prices, probably not a fair way of doing it unless you are the one setting the price! The recovery cost of oil varies greatly depending on region & lots of other things (No shit!) I'm just a Roughneck but based on my experiences and what I have seen $80 Bbl keeps rigs working and most folk happy! Link to comment Share on other sites More sharing options...
saorsa Posted May 30, 2016 Share Posted May 30, 2016 Don't know about fair, but a lot of the deep water projects that got shelved will not become viable until it goes back over $80 Link to comment Share on other sites More sharing options...
stander Posted May 31, 2016 Author Share Posted May 31, 2016 I think a minimum price of $65 a barrel is what is needed now, so that investment will restart, so as to avoid a future price shock. Link to comment Share on other sites More sharing options...
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