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Long Run Explor Ltd Ord WFREF

Energy Oil & Gas E&P
"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."


GREY:WFREF - Post by User

Long Run Explor Ltd Ord > Opec, Russia and the U.S.
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Comment by Sumcan2on Dec 11, 2014 8:26pm
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Post# 23221906

RE:Opec, Russia and the U.S.

RE:Opec, Russia and the U.S.Kherson - (12/11/2014 6:49:24 PM)
Opec, Russia and the U.S.
Food for thought folks. Who really wins in the political arena with long term low oil prices? I really don't see any winners...


Saudi's agenda to not reduce production must be more than trying to perserve market share. If they sell 29 million b/d at $60 the revenue is $1.74 billion/d. If OPEC cut production and the price stabilized at $75 they could sell 28 million b/d and their revenue would be $2.1 billion. Why would they sell more of their oil resources and bring in less money?
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