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The frackers need (on average to account for existing and/or new wells) at least $50/bbl price to maintain their "break even" - https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/
The price of crude is not completely correlated to the eventual price of GASOLINE (which is refined product). There needs to be more refineries constructed and/or brought back online.
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