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PRINCE ALWALEED: Oil Is Never Going Back To $100
Posted on 1/12/15 at 7:01 pm
Posted on 1/12/15 at 7:01 pm
LINK
Alwaleed bin Talal, the eccentric Saudi billionaire once labeled the "Arabian Warren Buffett," predicted that oil would never again reach $100 a barrel.
"The price of oil above $100 is artificial," he said. "It's not correct."
predicted hard times ahead for America's shale-oil and gas industries.
"No one knows for sure what price is the breaking point for shale," he said. "Wells have a higher production cost. And very clearly these will run out of business, or at least not be economical."
33
Posted on 1/12/15 at 7:01 pm to RedRifle
all i have to say is game on motherfricker
Posted on 1/12/15 at 7:02 pm to RedRifle
quote:
PRINCE ALWALEED
Can't get the Aladdin song out of my head.
And I hope he's right.
This post was edited on 1/12/15 at 7:04 pm
Posted on 1/12/15 at 7:02 pm to RedRifle
inb4 O&G workers lose their minds in this thread
Posted on 1/12/15 at 7:03 pm to RedRifle
frick. Hope he is wrong
Posted on 1/12/15 at 7:03 pm to RedRifle
Is that a throne room in a plane? I bet he posts here. 
Posted on 1/12/15 at 7:05 pm to RedRifle
Looks like an Arab Bernie Lomax.
Posted on 1/12/15 at 7:06 pm to RedRifle
ERMAHGERD
Posted on 1/12/15 at 7:07 pm to RedRifle
You want the bull, you're gonna get the horns bitch. 
Posted on 1/12/15 at 7:08 pm to RedRifle
ALADEEN
Posted on 1/12/15 at 7:08 pm to RedRifle
That dude is off his fricking rocker. I drank with some bubbas (American and British) who claimed to have been in his entourage at some point. Dude is volatile. He was worth almost $30B at one point and was down to about $9B a few years ago. Apparently it sent him over the edge. The American dude ended up publishing an article about how his palaces were basically run like elegant slave camps where the workers had no rights and needed permission to marry, travel, etc. He was held in KSA, then expelled for presuming to marry one of the girls on the staff. I don't even think she was Saudi or Muslim. She was a Filipina or something.
Posted on 1/12/15 at 7:09 pm to RedRifle
We don't need it to be $100 bbls.
$75-85 bbls is good enough.
$75-85 bbls is good enough.
Posted on 1/12/15 at 7:09 pm to RedRifle
He's lying
Posted on 1/12/15 at 7:21 pm to RedRifle
Screw that, oil can stay where it is. Oil and gas doesn't need to be so overpaid
Posted on 1/12/15 at 7:27 pm to RedRifle
Why can't gas be below 1.00 again it should have never gone above 2.00 per gallon to begin with
Posted on 1/12/15 at 7:35 pm to RedRifle
I'd take that bet
Posted on 1/12/15 at 7:39 pm to RedRifle
$40 a barrel would be fine with me.
Frick all of you Oil Field workers. I enjoy filling up for < $50.
Frick all of you Oil Field workers. I enjoy filling up for < $50.
This post was edited on 1/12/15 at 7:40 pm
Posted on 1/12/15 at 7:48 pm to RedRifle
If we get a legit renewable energy platform, oil may never reach $50 a barrel.
Posted on 1/12/15 at 7:54 pm to RedRifle
Needs a "Bathe her, and bring her to me!" caption.
This post was edited on 1/12/15 at 7:56 pm
Posted on 1/12/15 at 7:55 pm to RedRifle
Bunch of pansy arse liberals in here hating on oil and gas. Just know that when I get laid off, you frickers will be paying welfare for my family.
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