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cover of episode How cheap is too cheap?

How cheap is too cheap?

2025/5/5
logo of podcast Marketplace All-in-One

Marketplace All-in-One
AI Deep Dive Transcript
People
H
Henry Epp
J
Jennifer Pack
J
Julie Creswell
K
Kyle Rizdahl
M
Matt Levin
S
Sabri Benishul
S
Samantha Fields
Topics
Kyle Rizdahl: 我观察到油价跌至2021年初以来的最低点，比去年同期低20多美元，而且可能还会进一步下跌。这对消费者来说是好消息，但对石油行业来说可能意味着挑战。 Henry Epp: 理想情况下，石油公司希望原油价格高于盈亏平衡点，这样才能盈利。盈亏平衡点成本包含了从公司总部到钻井设备和人员的所有费用。美国陆上石油生产的盈亏平衡点价格通常在每桶60美元左右。低于此价格，一些公司会停止生产。如果油价持续低迷，石油公司将面临选择：投资新生产还是向投资者返还股息。他们可能会选择后者，因为这能使股东满意。 Amy Myers Jaffe: 虽然低油价可能会影响新的钻井计划，但由于近年来石油行业整合程度较高，大型公司更有能力应对市场低迷。如果经济衰退，关税导致钢铁等材料成本上涨，石油行业可能会受到更大冲击。

Deep Dive

Shownotes Transcript

Oil companies are barely breaking even on crude oil right now — a barrel of West Texas Intermediate started Monday at a paltry $58. If prices stay low, firms will have a choice to make: invest in new production, or pay investors dividends. Plus, the services sector expanded but remains wary of tariffs, health care hiring may not weather major cuts to Medicaid and we visit an electric vehicle showcase in Shanghai.