Helping America Navigate a New Energy Reality

Senior Vice President of Maritime Services at Maersk Line Ltd. on Price Break Point for Arctic Oil

By on 24 Jul 2017 in quotes with 0 Comments

“The fact is, oil at $50 a barrel makes Arctic oil uncompetitive. In terms of what’s going to happen down the road, I saw a World Bank report placed the oil in nominal dollars at $80 a barrel in 2030. That’s still way below break the price for Arctic oil.”

Stephen M. Carmel, senior vice president of Maritime Services at Maersk Line Ltd. (7/21)

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