I have had a look at worldwide production and yes some places are below 40 dollars a barrel. Plenty aren't though, and even the OPEC countries need a higher price than this in the long run. I've been reading quite a lot about oil lately and the interesting thing is 'crashes' in the price such as this often lead to spikes afterwards. For long term investors it's a good idea to keep oil stocks on your watchlist now.
I have had a look at worldwide production and yes some places are below 40 dollars a barrel. Plenty aren't though, and even the OPEC countries need a higher price than this in the long run. I've been reading quite a lot about oil lately and the interesting thing is 'crashes' in the price such as this often lead to spikes afterwards. For long term investors it's a good idea to keep oil stocks on your watchlist now.
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