or so says Saudi Prince Alwaleed
http://finance.yahoo.com/news/saudi-prince-oil-never-return-163600622.html
"The well-known billionaire investor recently told USA Today he's positive we're "never" going to see $100-a-barrel oil prices again. "
"Shale is feeling the pain: Alwaleed said one "positive side effect" of the oil crash is it will allow Saudi Arabia to see "how many shale oil production companies run out of business."
Mean SOB isn't he.
"Moody's senior economist Chris Lafakis thinks the black stuff could surge all the way back to $80 by the end of the year. Alwaleed concedes a rebound may happen eventually. He just doesn't think it'll carry oil all the way back to $100."
- Forums
- ASX - By Stock
- SSN
- ($100 Oil) - Gone Forever
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SSN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online