Oil at $10 a barrel . . .
. . . if you’re willing to relocate to Siberia. 
Times Online: Producers in turmoil as Russian oil hits $10 a barrel
Heavy export tariffs have almost wiped out the profit margin from selling crude oil outside Russia, forcing Siberian producers to sell at prices as low as $10 a barrel on Russia’s domestic market. Fears are mounting that the profits squeeze may speed the decline in Russian oil output, already down 6 per cent this year.
Oil producers complain that the levy is always excessive, but when oil prices fall quickly, the change in the tax rate takes months to catch up.
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