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

“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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