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Here Is A Simple Way Of Seeing Who Gets Screwed Most As Oil Tumbles


















MARKETS



More: Oil




MYLES UDLAND


DEC. 11, 2014, 10:05 AM 







Oil is crashing. On Thursday, WTI crude oil was falling again, moving back below $61 a barrel. 





Much has been made of the "breakeven" oil price for the world's drilling projects. This is the level at which the price of oil covers the cost of extracting the oil.





A simpler way to look at when the biggest oil players will start feeling the squeeze from lower prices is the "cash cost."





"Without OPEC action, an outage, or other response, cash cost is the only true floor,"
Morgan Stanley analyst Adam Longson said.





Cash cost is basically what it takes to keep oil production going, not what it takes to make oil production profitable or for a government to hit its budget projection. If you drop below your cash cost on a project, you've got to turn out the lights.





As you can see on the far right, the Canadian oil sands and the US shale basins are very expensive to tap. 






Meanwhile in the Middle East, the Saudis, the Iraqis, and the Iranians basically stick a straw in the ground, and oil comes out.






Morgan Stanley








The recent story in the market has been that a supply glut has pressured oil prices, and in response some expected OPEC to announce a production cut at its Thanksgiving meeting.






That didn't happen, and Longson notes that it isn't as simple as slashing production to combat low prices.




"Simply slowing supply growth is usually not enough to balance an oversupplied market in the short run," Longson writes.




 "In commodities without a cartel, existing production must be shut-in. If true, marginal cost of investment is not the relevant metrics, it's variable operating cost, which is closer to $35-$40/bbl on the high end."




Longson's mention of a commodity without a cartel also comes as Saudi oil minister Ali Al-Naimi said on Wednesday that the market — not the OPEC cartel – was in control of the oil market. 






And these comments imply that this chart from Morgan Stanley, showing cash costs for oil projects around the world, might be the place to find out when things will really ugly in the oil market.











Read more: http://www.businessinsider.com/oil-cash-costs-2014-12#ixzz3LnQDli1S







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The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
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Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

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Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.



However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.




Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.



Inaugurating a two-day Vasanthotsava organized by Shivarama Karantha Pilikula Nisargadhama and the Corporation at P…