Bump.
www.theage.com.au/business/comment-and-analysis/saudi-arabia-may-go-broke-before-the-us-oil-industry-buckles-20150805-gism05
Article on US Shale Drillers and Saudi's current status.
Appears very pro-shale drillers. Technology has lead to large production cost drops and with more to come, meaning the shale drillers can happily roll along at prices ($60- $65) which will end up sending the Saudi's (and obviously a lot of other countries) to the wall.
The Saudi's can pump their oil cheaper than that, but they have to support an entire unproductive country (and Jihadi's, and Wahabi Mosques all over the place spreading the Wahabi infection).
Heaven forbid the Saudi's might have to stop being arseholes.
www.theage.com.au/business/comment-and-analysis/saudi-arabia-may-go-broke-before-the-us-oil-industry-buckles-20150805-gism05
Article on US Shale Drillers and Saudi's current status.
Appears very pro-shale drillers. Technology has lead to large production cost drops and with more to come, meaning the shale drillers can happily roll along at prices ($60- $65) which will end up sending the Saudi's (and obviously a lot of other countries) to the wall.
The Saudi's can pump their oil cheaper than that, but they have to support an entire unproductive country (and Jihadi's, and Wahabi Mosques all over the place spreading the Wahabi infection).
Heaven forbid the Saudi's might have to stop being arseholes.
