Morgan Stanley analysts recently included this chart of crude production costs. Onshore Middle East oil sites are much cheaper to tap than North American shale, which costs about $65 per barrel to extract.
1. ponder-reflect deeply on a subject; I mulled over the events of the afternoon; philosophers have speculated on the question of God for thousands of years; The scientist must stop to observe and start to excogitate.
Ask almost anyone what the Ponderosa Ranch is, and the answer will be, âThatâs where the Cartwrights lived on Bonanza .â The Ponderosa Ranch was a symbol of the wealth achieved by hard work and honest living.