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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 8:16 am to bayoubengals88
Posted on 12/15/14 at 8:16 am to bayoubengals88
quote:
OPEC wins. The US shale producers will shut down first. The reasons are:
I don't really understand what they hope to gain here. In the long run it will hurt OPEC more than the US. Sure the shale producing companies will take a hit but these fields are not going away. Unless OPEC plans on keeping oil prices around or below $50 forever, these fields will come back online by someone else when the prices increase.
OPEC is not hurting the US economy, if anything it will help it.
This is a win for the US, we needed a relief from these overpriced oil prices.
1
Posted on 12/15/14 at 8:48 am to offshoretrash
quote:
I don't really understand what they hope to gain here
Market Share. Making their money in volume rather than the spread.
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