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Bank of America sees $50 oil as Opec dies

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 America loves an underdog. We're definitely the underdog in this race," he said in an interview Tuesday. Santorum added that being underestimated — again — "has given me a lot of latitude."

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Bank of America sees $50 oil as Opec dies

telegraph.co.uk - The claims pit Bank of America against its arch-rival Citigroup, which insists that the US shale industrial is far more resilent than widely supposed, with marginal costs for existing rigs nearer $40, and much of its output hedged on the futures markets.

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John Hames
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