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Saudi Arabia oil is the cheapest in the world. They have massive oil fields. So in principle they can bankrupt anybody unless somebody can come up with a cheape
by fpoling 7y ago
Saudi Arabia oil is the cheapest in the world. They have massive oil fields. So in principle they can bankrupt anybody unless somebody can come up with a cheaper way to get oil.
- davidf18 7y agoIt takes several years (I can't recall how many) and $100 billion per 1 million barrel increase in production and as far as I can recall the Saudis are pumping their maximum at his moment.