RE:RE:Saudi lower oil price relaxxxxxxo66 wrote:
SAUDIS,SAUDIS,SAUDIS, may last 4 to 5 years before bankruptcy north american companies have 2 to 3 years for BANKRUPTCY , just a matter of time something will HAPPEN!
They are going to try and gain more market share before the price of oil heads higher. By beating down the shale producers and increasing their own production and exports they are going to be the winners when oil recovers. Some shale producers will also win huge on this, BTE will be one of them, but I still think there needs to be more production cuts in north america and production from shale drop another 500k / day before this is over.