Posted on 03/08/2020 9:07:40 PM PDT by nickcarraway
I think what he's trying to say is that you come off in most conversations like a Russian supremacist.
That’s some very interesting reading of supremacism.
Following the same logic Clint Eastwood has to be a ‘white supremacist’.
Okay, just answer me this: Who won the Battle of Kalka River?
I highly doubt it’s going to zero.....
Norway?
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Oil is trading right now at $29 per barrel.
This is a disaster for the whole shale industry if it continues very long.
There will be notable bankruptcies very soon, such as Chesapeake Energy Corp. (CHK), circling the drain.
It's a shame to have the U.S. energy sector wrecked this way, possibly taking the wonderful economy with it as well as giving RATs an opening for 2020.
POTUS needs to get on the phone with his buddies, Putin and Mohammad bin Salman, and tell them to get their $h*t together.
I'm pretty sure the whole Russian economy is toast at these prices, so maybe they'll see it the Saudis' way.
“” “” I don’t think he is, but you could probably find some college students who think that.”” “”
That’s my point. You shouldn’t be like them.
“” “” Okay, just answer me this: Who won the Battle of Kalka River?”” “”
Jabe and Shabtai. How is it related?
Oil always has been and always will be volatile. There's always going to be a crash at some point. POTUS needs to get on the phone with his buddies, Putin and Mohammad bin Salman, and tell them to get their $h*t together.
Well, shale going down the tubes is a plus for them, but they have their own pain points.
I’m not like them. I don’t think Eastwood is like that.
“” “” This is a disaster for the whole shale industry if it continues very long.”” “”
Saudi wells are profitable at $10. Colorado is running on empty at $57.
Chesapeake Energy Corp. has serious problems that have nothing to do with oil prices.
Agree on both points.
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So ... are we talking existential threat, or existentialist threat? :)
First of all the whole well wouldn't be profitable at $10, you mean a barrel would be. It costs them $10/b to get it out of the ground, but after all their commitments it's probably not profitable until it's over $80/b.
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They've got a lot of debt that is heavily leveraged to oil and gas prices. I just read their 10K. It spells it out pretty clearly.
Granted they were not doing so great at $50.
The government needs some fitness and it won’t need 80 per barrel. Maybe they’d scale down the invasion of Yemen or cut ISIS funding. A little sequestration of a Western politicians’ bribery program, no golden toilets and voila, they are okay with 30 per barrel.
Uber costs.
It's a lot more complicated than that. Russia can scales things down. Not the Saudis. There are certain dividends they pay to all the thousands of princes every month. If that envelope is light, they will be angry. There could even be a coup. Especially after the IPO. There are a lot of tough commitments there.
And if you think Saudia Arabia is funding ISIS you are a fool. It's very much not in their interest. Now some individual Saudis could be. If they could do it on the down low.
Okay, I have something to base my opinion on and you might have something for yours too. Won’t argue.
Having ISIS around threatens Saudi security. The last thing the government of Saudi Arabia wants is their people to get the idea that they need some kind of caliphate, instead of the current secular (i.e. not a caliph) leaders.
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