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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 4:32 pm to JayDeerTay84
Posted on 12/15/14 at 4:32 pm to JayDeerTay84
quote:
I'm saying the US can play the game this time.
How? You have not one time mentioned how the US plans to compete when the majority of our oil/gas costs more to pull out of the ground than SA. Explain how when SA can produce the same product at a cheaper cost, the US can "play the game" for an extened amount of time. The US producers will struggle and layoffs nation-wide in the field have already begun.
This post was edited on 12/15/14 at 4:33 pm
1
Posted on 12/15/14 at 4:36 pm to stevengtiger
The US doesn't depend on oil as much as Saudi. Saudi is 100% oil dependent.
It's not like prices will go to $30.
At current price over 80% of production can still run and gun.
So this isn't all scary.
The big boys in the US will be just fine and so will the work force.
It's not like prices will go to $30.
At current price over 80% of production can still run and gun.
So this isn't all scary.
The big boys in the US will be just fine and so will the work force.
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