3 ms·
This is absurd. Even if domestic supply falters (i'm unconvinced we wouldn't be able to quickly turn it around if need be, as we have multiple times in the past
by MiroF 6y ago
This is absurd. Even if domestic supply falters (i'm unconvinced we wouldn't be able to quickly turn it around if need be, as we have multiple times in the past decade), KSA is still not a major international source of US oil.
- sremani 6y agoWith shale out of the game, tar sands our of business, PDVSA heavy crude barely having an output with dilapidated INFRA, who is going to plug the hole ? When the rates were high Canada and Mexico plugged in. I am curious, if KSA wins the price war the Nigerians, Libyans, Angolans, Russians are out of the game. Outside of Persian gulf there won't be any hefty producers.
- MiroF 6y agoIf the KSA has the capacity and inclination to win a price war against every international competitor, it would have done so already.