Oil is moving to 20's level, tough time for American oil stocks...

bh_prop said:
Not even close but they(Saudis) HAVE lost 2/3 of their former revenue stream. In all likelihood, weaker shale players will be absorbed by stronger players at firesale prices. Either that or an oil industry bailout ala auto industry 2008. Either way, once prices rise appreciably, shale becomes economically viable again. I simply don't see any genius in Saudi's strategy, unless the motive is some other reason (Iran, dissolve OPEC, Russia, etc)[/QUOTE
maybe this is the way obama seeks revenge against putin for a perceived disrespect.
the US is using the Saudis as a ... in returning for guaranteeing the House of Saud against all their enemies.
who knows?
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The reason for Saudi strategy is the rise of Iran, their arch enemy. Shutting down US shale and Russia are just byproducts and definitely not the main concern.
 
zdreg said:
is the Saudi king whispering in your ear?
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I don't like to reveal my sources but yes.

Do you have anything to contribute or are you going to continue being an ass? If not let the adults talk and go off and trade your 1 lot before your boss catches you surfing the web in your cubicle
 
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Chubbly said:
I don't like to reveal my sources but yes.

Do you have anything to contribute or are you going to continue being an ass? If not let the adults talk and go off and trade your 1 lot before your boss catches you surfing the web in your cubicle
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you offer a lot of opinions but no facts to back it up
short tempers makes for losers in the market. personal insults are another attribute of poor traders. maybe you are an outlier but doubtful.
 
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zdreg said:
you offer a lot of opinions but no facts to back it up
short tempers makes for losers in the market. personal insults are another attribute of poor traders. maybe you are an outlier but doubtful.
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I will ask you again. Do you have anything to contribute here? If not find another thread to troll
 
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