Sabre,'Saudi shuts down at $10 a barrel, so that's the cost...

Sabre,

'Saudi shuts down at $10 a barrel, so that's the cost price for them, so maybe $12 is a fair price for oil'

So you think it is realistic that the Saudis could be the only oil producing nation at $12? Surely simple demand supply would then kick in and we would be back to the FAIR price of oil at $70 - $90 when the others can be profitable at producing also.

Each for their own. Good luck to you. In my mind the USD will tank, oil will rise and those holding oil stocks will prosper in the next couple of years.

I guess thats how some make money and some lose. We cant all win.