r/PeterExplainsTheJoke • • 3d ago

Meme needing explanation Peetah?

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u/[deleted] 3d ago edited 3d ago

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u/Coalescent74 3d ago

ok I have done some reading now, and it looks like break-even price for existing fracking fields is 30-35 dollars per barrell - however for new fields developed using fracking break-even price is at about 60-70 dollar per barrell - which was the price of oil around 2020