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The Washington Post: Saudi Arabia will burn ignited a war economy
01/06/2016 16:27
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BAGHDAD / Obelisk: US media has not ruled out that Saudi Arabia will be the biggest loser of the price war sparked by the global oil markets.
According to Matthew O'Brien, a journalist 'The Washington Post', the Kingdom has filled the markets of crude oil is cheap in order to expel its competitors who sell the largest prices, but this process is no longer so easily in the current circumstances. As O'Brien points out that shale oil producers can obtain a profit even under the low price, and they can stop the production or returning it when you need to bear without significant additional costs.
Journalist explains that even if Saudi Arabia succeeded in forcing the shale oil producers to enter into a slumber, will be able to return to activity without incur remember losses, to keep the price of a barrel of crude to $ 50, which means that Riyadh will not be able to continue to spend its money required and the price It has is $ 80 versus the barrel.
In the year 2015 witnessed Saudi Arabia, a major sharp growth of Petroleum Exporting Countries in Mizantonha which could reach during the current year of $ 87 billion, to build some of the deficit forecasts.
[You must be registered and logged in to see this link.]
01/06/2016 16:27
[You must be registered and logged in to see this image.]
.
BAGHDAD / Obelisk: US media has not ruled out that Saudi Arabia will be the biggest loser of the price war sparked by the global oil markets.
According to Matthew O'Brien, a journalist 'The Washington Post', the Kingdom has filled the markets of crude oil is cheap in order to expel its competitors who sell the largest prices, but this process is no longer so easily in the current circumstances. As O'Brien points out that shale oil producers can obtain a profit even under the low price, and they can stop the production or returning it when you need to bear without significant additional costs.
Journalist explains that even if Saudi Arabia succeeded in forcing the shale oil producers to enter into a slumber, will be able to return to activity without incur remember losses, to keep the price of a barrel of crude to $ 50, which means that Riyadh will not be able to continue to spend its money required and the price It has is $ 80 versus the barrel.
In the year 2015 witnessed Saudi Arabia, a major sharp growth of Petroleum Exporting Countries in Mizantonha which could reach during the current year of $ 87 billion, to build some of the deficit forecasts.
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