Walmart of the Desert: Why Saudi Arabia will Trump U.S. in Looming Oil Price War
Douglas McIntyre examines Saudi Arabia’s cash advantage in oil production as prices fall, where its $10 per barrel cost of production far outpaces the U.S.’s $35-$40 per barrel cost. He explains how stagnant oil prices and Saudi strategies to pump more oil could lead to a price war, with Saudi Arabia holding the upper hand as U.S. companies, especially frackers, are set struggle to maintain profitability if prices near their costs of extraction.
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