Looks like the price war will be with us a while. There was an article posted the other day-maybe on FR, not sure where I saw it, about a new fracking method that doesn’t use water. That was the only holdup to fracking in Saudi. Suddenly those declining oil fields in the Kingdom have a new lease on life.
I’m beginning to “wonder” if ISIS isn’t the plan of the overlords to capture/control Saudi oilfields, and return to high oil prices.