RR, I don’t think you understand. To be honest I don’t either and probably most people don’t either.
During the last 7 years, the 1st 6 years Texas, North Dakota, and Penna. carried the country with many many good high paying jobs. When the rest of the country was in depression, the oil states carries us over by drilling and drilling for Natural Independence from foreign oil.
Sadly, the Saudis who were used to exporting mbd to America, but now all the sudden we can not only supply ourselves but we can export (if they legalize it) LNG gas to Europe.
The Saudis have refused to cut the production that they used to sell to us but now we can produce ourselves.
So what do the Saudis do? Keep producing to shut our operations down, destroy our economy and THEY ARE SUPPOSE TO BE OUR FRIEND?
Saudi doesn't understand business.
They think they can kill a bunch of companies and they have killed the oil.
Not so. The oil (an asset) is still there. It has gone nowhere.
They have killed the ownership but not the assets in the ground.
The Saudi's have studied business in the best schools but they cannot comprehend the concept.
Business is dynamic/exponential.
They think it is linear (as in 1+1=2). 1+1 doesn't equal 2 when an economy is growing.