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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 8:41 am to lsugradman
Posted on 12/15/14 at 8:41 am to lsugradman
Yeah, but that's an estimate. CNBC was reporting the Saudis said they need oil at 60 or above long term, while there are many wells that have been drilled but not tapped here that could be brought online for $5
2
Posted on 12/15/14 at 8:48 am to Thib-a-doe Tiger
I'd love to read the article that you saw that in. Then I would seriously reconsider anything I had ever read in that publication.
The only case one could make is one that would incorporate the cost of their social programs into their drilling/production. But, it would also have to include the nearly $1 Trillion they have in cash reserves, which I have yet to see anyone bring up both in the same article.
The only case one could make is one that would incorporate the cost of their social programs into their drilling/production. But, it would also have to include the nearly $1 Trillion they have in cash reserves, which I have yet to see anyone bring up both in the same article.
Posted on 12/15/14 at 8:52 am to Thib-a-doe Tiger
quote:
while there are many wells that have been drilled but not tapped here that could be brought online for $5
Then why are some in the US tearing down rigs as we speak and having layoffs?
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