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To: Bubba_Leroy
This is a good article, but it is a bit short sided thinking that this was just a short term gamble by Saudi Arabia to knock out the US producers. I read an interview with their oil minister last year. He was very level headed and rational about the future of oil prices with the new technologies. He is also is taking into consideration that electric vehicles are becoming viable.

They are using their reserves to diversify as quickly as they can, even getting into solar. I don't think they will succeed, and the world will be better off for it.

And the price of oil is not their biggest problem. A nuclear armed Iran is their biggest problem.

19 posted on 08/05/2015 4:58:07 PM PDT by Vince Ferrer
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To: Vince Ferrer

That’s for sure! There are many very good reasons why Saudi Arabia will be nuked, most likely by Iran. The book of Revelation (ch. 17) speaks about Mystery Babylon the mother of harlots and how the nations became drunk with the wine (oil) of her fornication was to be destroyed and mourned for the loss of wealth. It sure seems to fit the world conditions we’re seeing.


34 posted on 08/05/2015 5:48:09 PM PDT by Lake Living
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To: Vince Ferrer
electric vehicles are becoming viable.

Which? Harley's new electric cycle travels 100 miles and requires a 9 hour charge. That's not a viable "technology."

44 posted on 08/05/2015 6:39:37 PM PDT by LouAvul (There is no more GOP. There is RAT, and RAT lite.)
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