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re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 5:00 pm to JayDeerTay84
Posted on 12/15/14 at 5:00 pm to JayDeerTay84
quote:
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.
Do you even work in the industry? Who are the "big boys" in your view? Do you have any idea the breadth of the industry and the other sectors affected?
1
Posted on 12/15/14 at 5:09 pm to cwill
Yes I do actually. And there a lot of of big boys not named Chevron etc.
I never said things wouldn't be affected and yes, certain plays will not even be worth it until drill costs continue to shrink, but it opens the doors for buyouts and allows for cost saving maneuvers not yet currently employed.
We got caught with our pants down in the 80s.
Obviously If it was just Saudi and the US, Saudi has more money to play for longer, but they won't and can't because of other factors. There is no reason this would not stabilize after a year or so unless something crazy happens.
The US government also has cards to play along with the international community.
But if you look at where the GDP comes from in the US and how oil prices affect our economy; as a country can play the game.
EDIT: I will also add, why does matter how much cash Saudi has anyway? Its not like it will even come to that.
I never said things wouldn't be affected and yes, certain plays will not even be worth it until drill costs continue to shrink, but it opens the doors for buyouts and allows for cost saving maneuvers not yet currently employed.
We got caught with our pants down in the 80s.
Obviously If it was just Saudi and the US, Saudi has more money to play for longer, but they won't and can't because of other factors. There is no reason this would not stabilize after a year or so unless something crazy happens.
The US government also has cards to play along with the international community.
But if you look at where the GDP comes from in the US and how oil prices affect our economy; as a country can play the game.
EDIT: I will also add, why does matter how much cash Saudi has anyway? Its not like it will even come to that.
This post was edited on 12/15/14 at 5:13 pm
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