What's your theory on where oil price is heading?

[murray t turtle]

If you write off the initial capital investments, marginal cost of shale oil isn't that high?

If so, maybe the Saudis will get a surprise if they think they can drive US shale out of business for long?

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Looks right. And sounds like they are teaching Russia/evil empire a lesson LOL...…………………………………………………………………………………………………………….

 

[lorax2013]

If a dozen countries can't manage to collude on oil prices when they legally can, it's absurd to think a couple hundred thousand gas stations could. Running a gas station isn't a great way to get rich, you really make very little on the gas itself. But buy stock in gas station companies if you think they're making windfall profits.

It’s not the gas stations colluding, it’s a cartel of refineries and pipelines.

 

[Andras]

Some articles suggest Saudi cannot stand an oil price this low for more than 2 years

I don't think any country can stand such catastrophe to their main source of income for two years.