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re: Oil Wars: Why OPEC Will Win

Posted on 12/15/14 at 11:10 am to
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7615 posts
Posted on 12/15/14 at 11:10 am to
quote:

Math?

Mind sharing your "math" with the class?
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 12/15/14 at 11:23 am to
I think you're subject to the same question regarding your thoughts on Syira, Iran and how much money SA has in its war chest to survive a $60 price environment.
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 12/15/14 at 1:14 pm to
quote:

Mind sharing your "math" with the class?


Saudi is only 1/3 of OPEC. Even if Saudi could survive for "several" years of a price war, the rest of OPEC sure as hell can't.


Anyway, there is no long term benefit for ANYONE for prices to be this low.

If you know any, share.
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