I think everyone is guessing, but I suspect the Saudis are seeing how low the oil prices can go before the marginal cost of shale oil.... You have to remember that Saudi Arabia produces a barrel of oil at $10.
October 28th, 2014 / 6:05 p.m.
President, C.S. Clark Consulting, As an Individual
I think everyone is guessing, but I suspect the Saudis are seeing how low the oil prices can go before the marginal cost of shale oil.... You have to remember that Saudi Arabia produces a barrel of oil at $10.
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