"One thing that will crush all these bastards without shedding one drop of blood is $30 OIL!"
Yes it would be devastating to them, but it seems unlikely. Apparently, there is plenty of oil left in the world---but of the shale oil variety. They are starting to pull it out of the ground in Canada, where most of it seems to be, but no one is predicting it will cost $30 a barrel.
"They are starting to pull it out of the ground in Canada, where most of it seems to be, but no one is predicting it will cost $30 a barrel."
I listened to the mantra of the petro salesmen in the 70's saying we are running out - its starting to sound like the Stones saying this is their "farewell tour".
I'll say with confidance that it will see $20 again. And yes - Alberta has enough oil for us for the next 100 plus years - and then there's the US shale oil deposits.