How Long Can OPEC Last?

How Long Can OPEC Last?
How Long Can OPEC Last?

Most of the OPEC nations are in big trouble with low oil prices. The graph illustrates the problems of each one. The dotted green line is the 2015 baseline price of $50 a barrel. The yellow column indicates the costs per barrel for each country. Qatar is the only country that has costs close to $50 while Libya and Yemen are off the charts at $269 and $314, mainly because of internal conflict in those countries. Saudi Arabia is among those whose break-even at $100 a barrel. The green diamond indicates the number of years the country can expect to hold out at current prices. Qatar, Kuwait and the UAE are good for more than 20 years but everyone else is below ten years and Iraq and Yemen are just about at the point of insolvency.

http://oilprice.com/Energy/Oil-Prices/How-Long-Can-OPEC-Hold-Out.html

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