Study: Tax breaks are only thing making $50 oil profitable in the U.S.

While the U.S. administration is pushing for a tax code overhaul and supports American “energy dominance”, an environmental group suggests in a new study that at the current oil prices of $50, the development of U.S. oil resources may be much more dependent on tax deductions and provisions than previously thought.

Read more: http://tinyurl.com/y7jmp4nb