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To: NorseViking
Saudi wells are profitable at $10.

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.

54 posted on 03/08/2020 10:20:20 PM PDT by nickcarraway
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To: nickcarraway

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.


56 posted on 03/08/2020 10:25:32 PM PDT by NorseViking
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