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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 2:27 pm to NOFOX
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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