OPEC fiscal breakeven oil price increases 7 % in 2013
Costs to produce OPEC crudes x output, ranges are due to different calculation strategies. (Click on for big, data by APIC corp.)
There is no way back to cheap oil prices. If in the next phase of the financial and debt crisis oil prices should go down again like in 2009, several oil producing countries would not be able to keep their population happy, which will have geo-political consequences. Moreover, the world has not woken up yet to what OPEC’s population growth means for OPEC’s oil exports and oil prices. (Crude Oil Peak)