January 26, 2015 – Real Money
Energy Must Hold These Levels
By: Jim Cramer
Oil's pretty much got to hold $45 where it is right now -- or else. And natural gas must stay around $3, roughly its current price, or look out below. Those are the black magic levels where our homegrown shales become uneconomic to drill for most U.S. companies. Those are the make-or-break levels for this once-thriving industry.
This morning we got some pretty amazing aggregate drilling cost numbers from RBN Energy, by far the most authoritative site for...