No Most likely most of US Shalers will not survive. That's why when Oil was between $50 to $60 drill rig numbers started dropping rapidly.
US gets Saudi Oil/Iraqi/Kurdish/Libyan Oil at far cheaper price than rest of the world (heavily discounted). That is how Super Power Works.
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Cheap Oil/Energy for Security ?
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Santos Valuation $4.50, page-11
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Last
$7.25 |
Change
-0.040(0.55%) |
Mkt cap ! $23.54B | |||
| Open | High | Low | Value | Volume |
| $7.41 | $7.45 | $7.24 | $55.53M | 7.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 86995 | $7.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.27 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |