[ogen hal]

Bwahahaha. Good. Eat sand.

[867V309]

Glass Mecca.

[ConorMacNessa]

Let them go broke - we've struggled for almost fifty years with the consequences of the first Arab oil embargo. Let them choke on their oil dollars and die!

They are not our friends - they are the home of Wahhabism and major sponsors of Al Qaeda.

As un-Christian as it may sound, we should turn that black cube in Mecca to glass, and have done with it.

"Hige sceal þe heardra, heorte þe cenre / mod sceal þe mare, þe ure mægen lytlað."
"Thought must be the harder, heart be the keener / mind must be the greater, as our might lessens."

[GraceG]

Couldn’t happen to a “nicer” bunch of islamic a-holes....

[Rusty0604]

Good news.

[smokingfrog]

The Saudis make plenty of money off $60 barrel oil.

[Texas Eagle]

Go broke? What the hell you talkin' 'bout, Ambrose?

Ohhhhhhhhh. I see what's going on. Saudi Arabia is setting the stage for a last minute bailout as Ayatollah Obola is walking out the door.

[tumblindice]

19 plane hijackers on 9-11-2001, 17 were Saudis.

[AnotherUnixGeek]

Saudi Arabia may go broke before the US oil industry buckles

Good - maybe they'll run out of money to fund madrassas preaching Islamic fanaticism in the US and other countries.

[kvanbrunt2]

bad for us. They will all be here trying to kill us by that time.

[Veggie Todd]

[piytar]

I know people in the oil and gas biz in Texas. They planned for this. Diversified. Paid for long term infrastructure when the price of oil was high.

Did I mention diversified? Mostly into tech. Dallas is about to becmoe the new Silicon Valley....

[wiggen]

I have read that their fixed costs mat be as low as $9.00 per barrel. It’s not a matter of just price but of revenue. If they get $50.00 per they make less but the real issue is their percentage of total demand.
If they sell 2 barrels at $50 or 1 at $100 they get the same revenue. They need to increase market share to get rid of their deficit. At the higher price they could lose market share and be okay but not at the lower one. The article completely misses the point of them letting prices fall by not cutting production. That was to recapture market share. Prices didn’t fall because of gravity but because of over supply.
And yes the end game is vastly different depending on price. How much they’ve garnered when they run dry will be meaningful but it has nothing to do with the article. If it was a simple matter of price they would just cut production but it’s not. It’s gross revenues.

[onyx]

Social spending is the glue that holds together a medieval Wahhabi regime at a time of fermenting unrest among the Shia minority of the Eastern Province, pin-prick terrorist attacks from ISIS, and blowback from the invasion of Yemen.

Unless President Cruz, Trump or Walker dissolves the EPA immediately after taking office, that despotic agency will be the Saudi's Santa.

[Lonesome in Massachussets]

BWA-HA-HA-HA

I like the numbers for Venezuela. And Russia.

[2001convSVT]

“Saudi Arabia may go broke before the US oil industry buckles”

It may be a lot shorter than 2 years, because the Saudi’ are spending a lot on their involvement in Yemen and in the new Middle East arms race (two nuclear reactors and a bomb program aren’t exactly cheap).

[central_va]

The Saudis will have to settle for gold toilets instead of platinum.

[thefactor]

Does this mean they and their family members will only get a new 747 every OTHER year now?