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| Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down (1246659) | |||
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Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down |
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Posted by WillD on Fri Dec 12 09:06:46 2014, in response to Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down, posted by AlM on Thu Dec 11 20:49:45 2014. But who is going to lend money to this "healthy" company to purchase those leases if they know the Saudis can demolish their business case at will? Even if the healthy company has the liquidity to pursue the drilling themselves can they make their business case close to their own satisfaction knowing they may face many years of the Saudis depressing the price of their commodity? I'd tend to think the answer to both questions is no, and we'll see a major draw-down in oil shale production if the Saudis continue to lower the price of crude. |
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