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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 9:10 am to lsugradman
Posted on 12/15/14 at 9:10 am to lsugradman
Yes they do. Saudi makes money from oil. Oil funds all of their countries workings. All the money they spend, it cannot continue below $60-$68. It's true their lift costs are about $7, but that is meaningless when you know the entire story.
Saudi is the player here. Not OPEC.
Saudi has more reasons than the US Shale plays.
ISIS was also hurting Saudi. Saudi has effectively cut ISIS's ability to produce/refine their black market oil.
It will hurt some US shale plays, but the big boys will be in better position after all this is over. Should be no longer than a year.
Saudi is the player here. Not OPEC.
Saudi has more reasons than the US Shale plays.
ISIS was also hurting Saudi. Saudi has effectively cut ISIS's ability to produce/refine their black market oil.
It will hurt some US shale plays, but the big boys will be in better position after all this is over. Should be no longer than a year.
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