The Phaserl


A New Spin on the Old Oil War

by Matt Insley, Daily

One of the main stories not being told about today’s oil market is the next round of turbulence set for the Middle East. It’s the oil war scenario, but with a new spin.

Last year when Byron King and I attended the Platts Crude Oil Conference, a main takeaway was an interesting OPEC break-even chart that shows how much money OPEC nations need to keep their governments funded. Take a look.

All’s well at $100 oil — all isn’t well at $80 oil. And all hell breaks loose if prices stabilize even lower at, say, $60…

Hold that thought.

This year at the Platts oil conference, we saw two clear themes:

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