quote:
et's pretend I'm Saudi Arabia.

If, in one action, I could defund the Asaad regime and cripple Iran's economy, I would call that a great long term benefit.

Oh, and as a perk I gain a lot more market share after it's all over because a lot of people couldn't afford to weather the storm? More market share than I had when it all started? Yes, thank you, I'll take that long term benefit as well.

Oh, and I have close to a Trillion USD socked away for a rainy day and my annual budget is less than $250 Billion. So I can weather this storm longer than just about anybody else and my citizens will never see one bit of economic or social impact and I won't have to cut one program at all.

Tell me why I should even bother listening to the other members of OPEC?

Lots of Ifs so put up some numbers?

Everything I read, they don't have money to support "losing" money for much more than a year.

Most experts site about a year of this price war then prices will stabilize.

So yea, links and things dude.

This post was edited on 12/15/14 at 2:04 pm

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Posted by htownjeep

Republic of Texas

Member since Jun 2005

7616 posts

Posted on 12/15/14 at 2:06 pm to JayDeerTay84

quote:
Most experts site

Do they now?

quote:
So yea, links and things dude

I don't think so. I think I'm getting a firm grasp on who I am "debating" here "dude".

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Posted by NOFOX

New Orleans

Member since Jan 2014

9960 posts

Posted on 12/15/14 at 2:20 pm to JayDeerTay84

The EIA's November outlook report stated Saudi has one of the lowest cost per barrel and cash reserves approaching $1 trillion.

SA's 2014 budget is the highest ever at $228 billion.

They can also make up losses by gaining more market share and even increasing production.

EIA Report

This post was edited on 12/15/14 at 2:25 pm

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