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re: is the price per barrel of oil dropping a bad thing?
Posted on 12/18/14 at 10:26 pm to lsugradman
Posted on 12/18/14 at 10:26 pm to lsugradman
quote:
To sum it up, low oil prices will hurt the US industry and US energy independence more than it will hurt Saudi Arabia.
Unless you look at the end game, which says that we keep our oil in the ground for future use, while Arabia uses their's up first.
Which is a great thing.
1
Posted on 12/18/14 at 10:32 pm to Stingray
Well now you are talking about impacts beyond our lifetime honestly. And the Saudis have done considerably less "frontier or unconventional exploration" within their borders than we have so they really only have scratched the surface of their reserve potential. Mainly because their conventional reservoirs are so badass and right under their feet.
I think the general question was is the price of oil dropping a bad thing for us now (ie within the next few years)
I think the general question was is the price of oil dropping a bad thing for us now (ie within the next few years)
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