Nov 26, 2014
1:07:01pm
1:07:01pm
Let's hope that the US Producers can weather the storm below 75
I'm not optimistic, based on the history of US oil production, but it would be a great thing if our oil producers could be profitable in these lower numbers.
The scary thing is that the basis of the Saudi oil is WELL (no pun intended) below 50$. In other words, they are still making great money, just not as much as they are used to.
The scary thing is that the basis of the Saudi oil is WELL (no pun intended) below 50$. In other words, they are still making great money, just not as much as they are used to.
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- Solomon Levi
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