Heartland Park (they are still playing pickleball!)
Park Rapids, Wisconsin
August 31, 2024
Maybe I didn’t try hard but it is surprisingly hard to find current costs for the production of a barrel of oil. The above chart is from 2017.
From my cursory investigation, it appears that the cost of producing oil by fracking is around $50 per barrel (in about 2020 dollars).
I don’t know how these numbers accounting for the shared costs of producing natural gas for resources that produce both.
Anyway, the chart is useful for comparison purposes. We produce a lot of oil in the US but it cost 3-4X more than in does in much of the Middle East.
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