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1. In 1997 crude fell to $10/bbl. That didn't recover until after 9/11

Thu Dec 24, 2015, 03:55 AM

Dec 2015

The rise in risk premiums and the invasion of Iraq took surplus supply off the market. That seems to be the preferred solution.

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The Coming Saudi Crack-up? By Daniel Lazare [View all] Proserpina Dec 2015 OP

In 1997 crude fell to $10/bbl. That didn't recover until after 9/11 leveymg Dec 2015 #1

yeah, war is the answer to everything for some Proserpina Dec 2015 #2

Saudi foreign reserves were estimated to be $900B leveymg Dec 2015 #3

But they are eating their capital, the seed corn Proserpina Dec 2015 #4

The elites are playing "Last Man Standing" CJCRANE Dec 2015 #5

If it were static, they could last 7.5 years, but... Chan790 Dec 2015 #8

War isn't going to dig them out of this hole. Chan790 Dec 2015 #10

Probably not in this case really. Chan790 Dec 2015 #7

I remember that time nitpicker Dec 2015 #6

I remember... mac2766 Dec 2015 #11