[Dusty Road]

“Our oil industry has been virtually balls out for a while. We recently over took SA for oil production.”

We’ve been at it so hard many have worked themselves out of a job, the US wanted cheaper gas at the pump and we delivered. Now watch what happens to the ones that pulled this off.

[mountn man]

Low prices can't and won't last.

Saudi Arabia's economy is driven by oil. Along the lines of 60+% of GDP vs our -1% of GDP.

SA NEEDS oil at about $100 bbl just to afford its governmental requirements.

It'll hurt our companies in the short haul, but those that survive will do okay in the long haul.

Saudi Arabia has cash reserves that can last them 2-3 years, with oil at $50 bbl, but seeing that we've been at this for a little while now...
Currently $44.45

Also, other countries are also heavily dependent on oil.
(Think Russia)

Saudi Arabia is trying to crash Iran.

Just remember who Iran is close with.
(Think Russia)

Personally...I think 6 months, maybe a year, before Saudis blink.

JMHO