When, since fracking has been done on a large scale, did SA get the price of oil to 20 a barrel?
maybe some small companies are farmers too but the mid cap ones are NOT FARMERS.
And they are VERY heavily leveraged
Prince Al-Waleed tried it around 2014 or so.
Yes mid caps are exposed but the vast Bakken are mostly independents.
Al-Waleed failed.
SA will fail again, I’m not worried.
From Jul 29, 2013:
PRINCE ALWALEED: Fracking Is Going To Crush The Saudi Economy If Nothing Is Done
https://www.businessinsider.com/saudi-prince-alwaleed-warns-on-fracking-2013-7
You're welcome.
Now go out and use NYC's favorite word, you know the 'eff' variety, on someone unsuspecting. Just be careful in case they're in a mood to show their street side back at ya.