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Home > WTI Crashes To $57 Handle; 80% Of Shale Production Non-Economic

WTI Crashes To $57 Handle; 80% Of Shale Production Non-Economic

By Tyler Durden
Created 12/12/2014 - 11:57
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 12/12/2014 11:57 -0500



 

WTI Crude just burst below $58 and is now over 46% below the peak in June. Since the initial leaks of no production cuts at OPEC, WTI is down 25% (gold and silver are up 2-4%). At these levels only 4 of the US 18 Shale Oil regions remain economic...

 

61...60...59...58...57...

[4]

 

Down 25% from the initial OPEC leaks...

[5]

 

Which leaves only 20% of US Shale regions economic...

[6]

 

*  *  *

Unequivocally good!!

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2014-12-12/wti-crashes-57-handle-80-shale-production-non-economic

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