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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 2:20 pm to JayDeerTay84
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
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
3
Posted on 12/15/14 at 2:26 pm to NOFOX
quote:
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
Exactly 1 trillion/228 billion = 4.3 years of budget WITH NO CUTS AND ZERO SALES. It is a hard concept for some to grasp.
Posted on 12/15/14 at 2:26 pm to NOFOX
quote:
The EIA's November demand 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.
Yes, they have a low cost per barrel, but you have to look at their social budget. Seeing they need around $80'ish for their budget; reports vary.
I guess the better question is, in what terms are we talking.
Saudi vs Iran/Russia? Yea, they will win easy.
Saudi vs US Shale? No, this is the 80's anymore.
Posted on 12/15/14 at 2:27 pm to NOFOX
quote:
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
Exactly 1 trillion/228 billion = 4.3 years of budget WITH NO CUTS AND ZERO SALES. It is a hard concept for some to grasp.
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