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The cost of US fracking continues to drop; $40 oil is plausible in the near future. The issue for Russia and the KSA is that their budgets aren't solvent at a $
by pavpanchekha 8y ago
The cost of US fracking continues to drop; $40 oil is plausible in the near future. The issue for Russia and the KSA is that their budgets aren't solvent at a $40 or $50 oil price
- notfromhere 8y agoits what happens when your state is basically a poorly-run oil company
- protomyth 8y agoThe article discussed here https://news.ycombinator.com/item?id=18505672 https://news.ycombinator.com/item?id=18505672 mention lower that $40 happens in Texas.
- Arnt 8y agoWhat's the KSA? Saudia Arabia? Doesn't Ghawar produce at around a lowish single-digit cost? https://en.wikipedia.org/wiki/Ghawar_Field https://en.wikipedia.org/wiki/Ghawar_Field
- hokkos 8y agoHe talks about SA budget, they sure earn money, but not enough to subsidize their citizen like they used to.
- kevinstubbs 8y agoKSA = Kingdom of Saudi Arabia