US Oil Prices Could Sink To $50

America’s New Energy ‘Problem’

By Guest Column Dr. Benny Peiser—— Bio and Archives--December 19, 2012

Global Warming-Energy-Environment | Comments | Back To Full Article

U.S. oil prices could sink to $50 a barrel at some point over the next two years, according to analysts at Bank of America Merrill Lynch. The U.S. government may have to approve oil exports if it wants the domestic oil boom to continue as $50 a barrel is below the cost of production. --Steve Hargreaves, CNNMoney , 11 December 2012

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