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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%4:00 PM EST
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To: Haim R. Branisteanu who wrote (80796)10/3/2011 12:59:51 PM
From: Cogito Ergo Sum  Read Replies (1) of 218068
 
cost of extraction $8 to $10 per barrel or lower. Still that cheap with all the water they need pump in ?

I think I'll do some digging ... Other problem is they need to fund all their infrastructure and education expenses for the demise of oil ... I doubt they can live with oil much below 70, especially considering the double whammy of the USD depreciation in the last 5 years... Arabs are between a rock and a hard place
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