Editorials & Other Articles

Proserpina

(2,352 posts)

2. yeah, war is the answer to everything for some

Thu Dec 24, 2015, 04:03 AM

Dec 2015

OPEC also tightened up supplies, though, every other time prices fell. This time, they sought to drown their competition by pumping out more than the market can use; this was supposed to drive the frackers out of business.

So far, it isn't working. But the economics of fracking is becoming increasingly perilous. So is the whole ISIS situation, the Yemen war, and more.

I think perhaps the new King Saud is trying to make up for his lost time due to the lengthy dying of his predecessor, and the short window of his remaining lifespan, and as a result, he will impoverish the entire family!

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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

They get the US President they want (either way), in less than a year. They're counting on it. leveymg Dec 2015 #9

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

No but it will keep them in it for another decade. Just like the last war of choice we started leveymg Dec 2015 #12

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

I remember that time nitpicker Dec 2015 #6

I remember... mac2766 Dec 2015 #11