The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: richardred who wrote (178)	4/2/2017 3:26:11 AM
From: elmatador	Read Replies (1) of 13801

Why did Saudi Arabia make the mistake of using its low costs to kill the shale revolution? Saudi Arabia has the lowest oil production costs in the world thanks to two strategic advantages: Abundant pools of oil close to the surface and no taxes on production. Because of that, it can make money in almost any oil price environment. https://www.fool.com/investing/2017/03/19/you-wont-believe-what-saudi-arabias-oil-production.aspx

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