I suggested that A. Jacksonian of Oil Outlook fame have a look at this article on the near term future of oil. US Oil is back in the money – OPEC is not.
He was kind enough to leave a reply. Which you might like. It could be aptly titled The Middle East Is Screwed.
Comments
2 responses to “The Oil Wars”
It costs saudis arabia $5 dollars a barrel to produce fracking $70 dollars a barrel do the math!
Captain,
It is not the cost per barrel that matters. It is the cost of oil socialism. Venezuela is a harbinger of what we will be seeing in the ME.
BTW fracked oil costs $42 a bbl. And costs are still going down.