Posted on 02/02/2016 5:28:04 AM PST by thackney
Please elaborate. As I watch spending being cut to the bone, I wonder how that is possible.
The Saudi family are universally hated for their unislamic, hedonistic ways; most people in that kingdom are not even Saudis, but foreigners who have no love or allegiance to them.
There is a succession conflict brewing also.
They are almost out of oil also.
They also recently lost (badly) the proxy war they fought in Yemen against Iran.
If their rule is threatened, oil will rise in price.
If they are toppled, oil will rise in price a lot.
Oh, wait: You were referring to HAL?
When the HAL - BHI merger goes through, at least 35,000 people will be laid off almost immediately from the 2 companies.
I sit in meetings all day where it is a topic of conversation.
They have something like 90 years of oil at current production rates.
Yes, was referring to HAL specifically. Where is the work going to come from with E&P companies cutting back spending as they are? Did you see earnings reports from BP and Shell??
Harold Hamm and Kevin Bacon drive the Arab oil producing countries crazy.
insignificant next to the effect of cheap fuel for trucks, planes, trains and cars.
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