Skip to comments.
Saudi Arabia may go broke before the US oil industry buckles
The Telegraph ^
| August 5, 2015
| Ambrose Evans-Pritchard
Posted on 08/05/2015 4:28:08 PM PDT by Bubba_Leroy
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-53 next last
Bush's fault.
To: Bubba_Leroy
Too big to fail.
Obama will bail them out.
2
posted on
08/05/2015 4:33:34 PM PDT
by
Know et al
(Keep on Freepin'!!!)
To: Bubba_Leroy
Think of all those madrassas in the west losing their seed money.
What a shame.
3
posted on
08/05/2015 4:33:46 PM PDT
by
skeeter
To: Bubba_Leroy
Great article. Anbrose is a great writer and researcher. He wrote the book on Clinton during the slickmeisture's tenure in the white house. One revealing sentence was that the price of crude will stay down as every time the price rises, shale drillers just turn on the pump, increase supply, and force the price down again. Intuitive. "Once oil climbs back to $60 or even $55 - since the threshold keeps falling - they will crank up production almost instantly. "
4
posted on
08/05/2015 4:36:53 PM PDT
by
Fungi
To: Bubba_Leroy
Is there a downside to OPEC going down the tubes?
5
posted on
08/05/2015 4:36:55 PM PDT
by
Mark17
(How could anyone suspend himself upon a cross and die for me, die willingly, to set us free.)
Comment #6 Removed by Moderator
To: Bubba_Leroy
How many tera-bucks have the Saudis got in the bank?
7
posted on
08/05/2015 4:38:29 PM PDT
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: DuncanWaring
How many GOP and demis they own like Grover? Don’t forget, they paid for Obama to go to school at Harvard.
8
posted on
08/05/2015 4:40:19 PM PDT
by
DesertRhino
(I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
To: Bubba_Leroy
Another reason I like Trump. Probably be hard to bribe him.
9
posted on
08/05/2015 4:41:37 PM PDT
by
DesertRhino
(I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
To: DuncanWaring
Only the swiss bankers know.
10
posted on
08/05/2015 4:44:35 PM PDT
by
batterycommander
(- a little more rubble, a lot less trouble.)
To: Bubba_Leroy
Different take on this: So Saudi Arabia needs to move quickly on acquiring nuclear weapons and delivery systems and arrange a joint attack with Israel to eliminate Iran. This forecast and Obama’s overt financing and assistance to Iran mean that SA will get steadily weaker and Iran steadily stronger. SA and Israel need to attack ASAP.
11
posted on
08/05/2015 4:46:11 PM PDT
by
Truth29
To: Fungi
Isn’t capitalism wonderful!
To: Bubba_Leroy
Maybe SA will stop funding terrorism.
13
posted on
08/05/2015 4:46:43 PM PDT
by
moovova
To: Mark17
Is there a downside to OPEC going down the tubes? Since Obama is letting Iran have nukes there is a strong likelihood of nuclear war.
14
posted on
08/05/2015 4:46:56 PM PDT
by
Bubba_Leroy
(The Obamanation Continues)
To: Truth29
good analysis ... how about 183 days from now ?
To: Bubba_Leroy
A pox on all their houses. The only downside: more refugees coming to Europe and America. Which we will stupidly let in.
16
posted on
08/05/2015 4:50:32 PM PDT
by
rbg81
To: Bubba_Leroy
Bank of America says OPEC is now “effectively dissolved”. The cartel might as well shut down its offices in Vienna to save money.
...
Anyone who lived through the gas lines of the 1970’s probably thought they would never read that.
This could give us hope that one day, the Washington cartel will be dissolved, too.
17
posted on
08/05/2015 4:51:51 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Bubba_Leroy
Since Obama is letting Iran have nukes there is a strong likelihood of nuclear war.Strong likelihood? I would say, it is more like an ironclad guarantee of nuclear war, or at the very least, a severe nuclear arms race.
18
posted on
08/05/2015 4:53:06 PM PDT
by
Mark17
(How could anyone suspend himself upon a cross and die for me, die willingly, to set us free.)
To: Bubba_Leroy
This is a good article, but it is a bit short sided thinking that this was just a short term gamble by Saudi Arabia to knock out the US producers. I read an interview with their oil minister last year. He was very level headed and rational about the future of oil prices with the new technologies. He is also is taking into consideration that electric vehicles are becoming viable.
They are using their reserves to diversify as quickly as they can, even getting into solar. I don't think they will succeed, and the world will be better off for it.
And the price of oil is not their biggest problem. A nuclear armed Iran is their biggest problem.
To: Bubba_Leroy
Saudi Arabia may go broke before the US oil industry bucklesNot at all from what I've read. If true, they can keep this up for a few years.
OTOH, once we get rid of obozo American industry will have considerably better options to handle such events and be much more flexible.
Until then, it's cap, cut back or close and consolidate.
20
posted on
08/05/2015 4:58:17 PM PDT
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-53 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson