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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (178)3/24/2017 4:17:59 AM
From: elmatador  Respond to of 13801
 
The last time oil plummeted,1986, it only recovered around year 2,000. (remember the Economist oil at $5, March 1999?. The market is is for one decade of low oil prices. For avoidance of doubt here goes The Economist article economist.com



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