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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 1:37 am to bayoubengals88
Posted on 12/15/14 at 1:37 am to bayoubengals88
In kind of confused how that spells that OPEC wins "in its conclusion."
There is a point where they can't maintain a rate of production sufficient enough and cheap enough to price out global wells.
And as the article says, they need oil revenue to stay in power. So when they go cheap, they have to sell even more to compensate.
They are hastening their own demise while the world bides their time......and the author thinks that is winning?
There is a point where they can't maintain a rate of production sufficient enough and cheap enough to price out global wells.
And as the article says, they need oil revenue to stay in power. So when they go cheap, they have to sell even more to compensate.
They are hastening their own demise while the world bides their time......and the author thinks that is winning?
1
Posted on 12/15/14 at 5:56 am to Volvagia
anybody have any decent opinions what would happen if we lifted the ban on export oil?
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