OPEC Declares Price War
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Re: OPEC Declares Price War
by The Dharma Bum » Wed Dec 03, 2014 12:05 pm
gas hasn't been a dollar a gallon in years
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Re: OPEC Declares Price War
by Demosthenes » Fri Dec 05, 2014 1:39 pm
Cheap Oil winners
America-Hopefully the end game here is US no longer dependent on foreign oil and potentially able to offset Europe's dependence on Russian Oil
China 60% of its oil is imported..nuff said
the Environment
Saudi Arabia- They are tightening the vice on Iran
Losers:
Russia- Needs 100 usd oil to balance its books, needless to say lol
Venezuala(Smaller oil producing countries) need even higher levels for balanced budgets)$130-$175)
Saudi Arabi- Am sure the kingdom of Saud has cash reserves up the wazoo so they can ride this one out.
ISIS-No more black market oil
Iran- Anything under $130 is painful to an already anemic economy.
America-Hopefully the end game here is US no longer dependent on foreign oil and potentially able to offset Europe's dependence on Russian Oil
China 60% of its oil is imported..nuff said
the Environment
Saudi Arabia- They are tightening the vice on Iran
Losers:
Russia- Needs 100 usd oil to balance its books, needless to say lol
Venezuala(Smaller oil producing countries) need even higher levels for balanced budgets)$130-$175)
Saudi Arabi- Am sure the kingdom of Saud has cash reserves up the wazoo so they can ride this one out.
ISIS-No more black market oil
Iran- Anything under $130 is painful to an already anemic economy.
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” - Sir John Templeton
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28 posts
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