They begged Saudi Arabia for a cut in production, but Saudi said no. So now they have to embrace the suck.
Saudi’s Opec met recently or soon to be...they’re arguing among themselves because they’re all taking a hit with these low prices...but they are competing now with the threat of US production...it’s all about the market now and who has it and can retain it..
Just wait until we begin to take real advantage of our virtually unlimited supply of natural gas. The Kingdom will begin to look like Pakistan.