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Oil shale is not monolithic (so to speak). While there is an average cost per barrel of production, it varies in the Bakken.
Production costs further north are already above market, but the costs south of Williston are less than $30/barrel. I expect, for a while that the result of this market will be a reallocation of production resources geographically, but not a shut down. The Saudis are playing a short term game for a short term gain and I really do not think they believe this is the death knell for shale oil production in the US. just sayin.