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Message
re: Oil Wars: Why OPEC Will Win
Posted on 12/15/14 at 2:03 pm to htownjeep
Posted on 12/15/14 at 2:03 pm to htownjeep
quote:
et's pretend I'm Saudi Arabia.
If, in one action, I could defund the Asaad regime and cripple Iran's economy, I would call that a great long term benefit.
Oh, and as a perk I gain a lot more market share after it's all over because a lot of people couldn't afford to weather the storm? More market share than I had when it all started? Yes, thank you, I'll take that long term benefit as well.
Oh, and I have close to a Trillion USD socked away for a rainy day and my annual budget is less than $250 Billion. So I can weather this storm longer than just about anybody else and my citizens will never see one bit of economic or social impact and I won't have to cut one program at all.
Tell me why I should even bother listening to the other members of OPEC?
Lots of Ifs so put up some numbers?
Everything I read, they don't have money to support "losing" money for much more than a year.
Most experts site about a year of this price war then prices will stabilize.
So yea, links and things dude.
This post was edited on 12/15/14 at 2:04 pm
2
Posted on 12/15/14 at 2:04 pm to htownjeep
quote:
There is no "us" here honcho... You're the only one not getting it.
Simply saying "you are wrong" doesn't make you right.
Facts usually help. So, what are your facts?
Posted on 12/15/14 at 2:06 pm to JayDeerTay84
quote:
Most experts site
Do they now?
quote:
So yea, links and things dude
I don't think so. I think I'm getting a firm grasp on who I am "debating" here "dude".
Posted on 12/15/14 at 2:07 pm to htownjeep
quote:
I don't think so. I think I'm getting a firm grasp on who I am "debating" here "dude".
Thought so. Just more hot air.
Posted on 12/15/14 at 2:20 pm to JayDeerTay84
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.
They can also make up losses by gaining more market share and even increasing production.
EIA Report
SA's 2014 budget is the highest ever at $228 billion.
They can also make up losses by gaining more market share and even increasing production.
EIA Report
This post was edited on 12/15/14 at 2:25 pm
Posted on 12/15/14 at 2:26 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.
Posted on 12/15/14 at 2:26 pm to NOFOX
quote:
The EIA's November demand 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.
They can also make up losses by gaining more market share and even increasing production.
Yes, they have a low cost per barrel, but you have to look at their social budget. Seeing they need around $80'ish for their budget; reports vary.
I guess the better question is, in what terms are we talking.
Saudi vs Iran/Russia? Yea, they will win easy.
Saudi vs US Shale? No, this is the 80's anymore.
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.
Posted on 12/15/14 at 2:28 pm to cave canem
quote:
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.
So what is this victory to you? Vs who?
What is it you think the end result is?
Posted on 12/15/14 at 2:28 pm to Thib-a-doe Tiger
quote:
The shale producers have a lower break-even point than OPEC countries though. OPEC gets stomped in a price war
What makes you think that? Shale oil is very expensive to produce and refine.
Posted on 12/15/14 at 2:30 pm to inelishaitrust
quote:
Shale oil is very expensive to produce and refine.
define expensive.
This post was edited on 12/15/14 at 2:31 pm
Posted on 12/15/14 at 2:31 pm to JayDeerTay84
What in the bloody hell are you babbling about? Victory? Do you even know?
Posted on 12/15/14 at 2:36 pm to cave canem
quote:
What in the bloody hell are you babbling about? Victory? Do you even know?
Oil Wars: Why OPEC Will Win
Do you know what thread you are in?
Posted on 12/15/14 at 2:40 pm to cave canem
quote:
What in the bloody hell are you babbling about? Victory? Do you even know?
Upvote x a million
Posted on 12/15/14 at 2:42 pm to JayDeerTay84
quote:
define expensive.
Anywhere between $3M on the low end fields to $9M on the high end Bakken to drill a horizontal well. If you don't understand that shale oil/gas is tremendously expensive in the industry and requires a higher price of oil/ng, then you shouldn't be debating this with people who are obviously in the industry (which I am not).
This post was edited on 12/15/14 at 2:46 pm
Posted on 12/15/14 at 2:45 pm to JayDeerTay84
quote:
Shale oil is very expensive to produce and refine.
define expensive.
Posted on 12/15/14 at 2:50 pm to htownjeep
So the majority of the Us is more than ok.
Got it lol.
What year is that even?
Got it lol.
What year is that even?
Posted on 12/15/14 at 2:53 pm to stevengtiger
I know prices per barrels. wanted to know why you made that statement. There are a number of shale producers who are/will be just fine.
It's the small guys is mega debt that will more than likely get naught up by the big guys.
It's the small guys is mega debt that will more than likely get naught up by the big guys.
Posted on 12/15/14 at 2:55 pm to cave canem
quote:
Posted by cave canem
What in the bloody hell are you babbling about? Victory? Do you even know?
He's very sure of himself...I'll give him that...try and keep up.
Posted on 12/15/14 at 2:56 pm to htownjeep
And those $/bbl break evens are based off the sweet spots....
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