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Oil plummets 30% as OPEC deal failure sparks price war
CNBC ^
| March 8,2020
| Pippa Stevens
Posted on 03/08/2020 5:03:21 PM PDT by Hojczyk
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To: Hojczyk
The Saudis are the lowest cost producer by far.
Sure, but that that doesn't mean they are still profitable. SA has way too many royals (and the general populace) getting free $$, they can't afford to undercut for too long. They have an unemployment rate of around 12% because of all the government freebies. If they don't have sufficient income, the House of Saud is gonna have a hard time not cutting a lot of their benefits/excome.
To: BereanBrain
It’s 1.91 here in Rockwall Texas today. Sorry for you if you live in a dem state and are paying f 4$
Dang. Rowlett's still around $1.98 as of last night.
To: Trump Girl Kit Cat
Bought today for $1.83.9
You live in a gulag.
103
posted on
03/10/2020 3:01:31 PM PDT
by
Manly Warrior
(US ARMY (Ret), "No Free Lunches for the Dogs of War")
To: BereanBrain
I live in the “demned state” of California and it’s still well over $3.00 in Sacramento.
To: Manly Warrior
No argument from me there I definitely live in a gulag, selling my home next month and getting the hell out of this gulag CAN’T WAIT!!!
To: glennaro
I an in Ventura county and we are paying 3.45 as of today!!!
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