yes SA can make oil for about 2x as cheap as the USA. however, their economy is tied almost entirely to the price of crude. in other words, if they flood the market, they get hurt more than us. furthermore, we produce about the same amount as they do if you include lease condensate and we produce double the amount of petroleum they do. we are the leader of fossil fuels and SA is basically an oily appendage of the USA's foreign energy policy.
it is vastly in our interests to keep fossil fuels around as long as possible
yes SA can make oil for about 2x as cheap as the USA. however, their economy is tied almost entirely to the price of crude. in other words, if they flood the market, they get hurt more than us. furthermore, we produce about the same amount as they do if you include lease condensate and we produce double the amount of petroleum they do. we are the leader of fossil fuels and SA is basically an oily appendage of the USA's foreign energy policy.
it is vastly in our interests to keep fossil fuels around as long as possible
SA breaks even at ~$8-9. usa breaks even around $19. some of the USA is also taxes