Started By
Message

re: Oil Wars: Why OPEC Will Win

Posted on 12/15/14 at 4:28 pm to
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 12/15/14 at 4:28 pm to
Do you really think these country's will let Saudi bankrupt them?

No. Saudi won't play for long. The US has enough production to keep up b
Posted by NOFOX
New Orleans
Member since Jan 2014
9955 posts
Posted on 12/15/14 at 4:39 pm to
quote:

Do you really think these country's will let Saudi bankrupt them?


I think at worst Russia/Iran may attempt to inflate prices by funding unrest elswhere in the middle east or perhaps even Venezuela. No one is attacking SA and you are naive if you think otherwise.

Saudi Arabia is not doing anything other than refusing to cede market share. It is not like they are exporting oil at a loss right now. They are just not going to cut production to make others happy. To an extent they will let the market work itself out.

Non-OPEC production growth rates will slow as shale production will be forced to get more efficient, credit will tighten, and operators will be less willing to take big risks.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram