[Teacher317]

Putin will not put up with the Saudi's cheap oil play for long. He cannot afford it.

(The Saudi's are flooding the market to lower prices to help slow down the US exploration and use of shale and oil sands, which are currently only viable over $60-70/barrel.)

[DugwayDuke]

“(The Saudi’s are flooding the market to lower prices to help slow down the US exploration and use of shale and oil sands, which are currently only viable over $60-70/barrel.)”

There are lots of reasons for the Saudi actions. One maybe a re-enactment of Saudi actions in the 1980s to cause the downfall of the Soviet Empire by forcing a huge drop in the price of oil. The Saudi target might also be Iran or the rest of OPEC.

In any event, if you’re correct that the target is US shale oil, then $60 per barrel becomes a ceiling for oil prices.

[FreeReign]

(The Saudi's are flooding the market to lower prices to help slow down the US exploration and use of shale and oil sands, which are currently only viable over $60-70/barrel.)

No.

Saudi oil production is down in 2014.

[Star Traveler]

Saudi Arabia’s oil war against Iran and Russia
http://www.freerepublic.com/focus/f-news/3237849/posts