Wednesday, November 5, 2014

The US OIl Production Boom Explained in One Chart

This is why the Saudi's cut the price of oil. They have a lower cost of production and at a lower price will force marginal US producers to shutdown some operations.


(via Mark Perry)
at 7:29:00 AM

1 comment:

  1. DM567@pacbell.netNovember 5, 2014 at 12:50 PM

    I don't believe that. The Saudis and American Politicians and Corporations work closely together.

    ReplyDelete

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