Ann: Finance Facility and Texas Asset Acquisition, page-67

My bet is that technology will win the game at the end of the day.
Saudi say they will keep pumping even if brent hits $20.
I don't think it will hit 20. Maybe 40. (not for long)
Just shows how desperate they are. Crapping their pants.
If the US can make finding and producing oil cheaper through technology improvements they can survive and win.
Where will the US buy oil from Saudi or the US or Latin America? (minus shipping costs)
The world has definitely changed.