The capital cost for the saudis is $15 and they are okay pushing it to $20. One paradoxical fact about the drop in oil prices is there is a uptick in investmen

The capital cost for the saudis is $15 and they are okay pushing it to $20. One paradoxical fact about the drop in oil prices is there is a uptick in investment in renewable ! The market for renewable is not only folks who care about prices but also people who are worried about emission and self-sufficiency ( this is more to do with countries ) So a drop in oil prices is leading to greater investment in solar and wind which I do not think the saudis expected ! Another interesting analysis is the fact that the boom and bust cycle in oil is getting much shorter. Economists are not exactly sure why that is happening. One think to worry about is this deflation might bifurcate and cause another recession. Only time will tell.