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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 8:21 am to Thib-a-doe Tiger
Posted on 12/15/14 at 8:21 am to Thib-a-doe Tiger
quote:
That may be the absolute worst statement I have ever seen on the money board. You could not be more wrong.
Considering this is the board where VTSMX is the be all end all of mutual funds, I'll take that as a compliment
I said "may" be
2
Posted on 12/15/14 at 8:27 am to htownjeep
I'll try to find the article, it was from a major business publication, that said most shale producers could still turn a profit at $45, whereas OPEC would be slitting it's own throat
Posted on 12/15/14 at 11:54 pm to htownjeep
Isn't'the this less OPEC and more the haves in OPEC like Saudi and the small gulf states who can afford to run in the red for a while and the have nots like Iran, Libya and Venezuela who are. 90% dependent on oil revenues and already are running deficits?
Certain OPEC nations have the appetite for lower prices while others would be screwed.
Certain OPEC nations have the appetite for lower prices while others would be screwed.
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