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Re: Feb 12-14 Aftermarket lounge 2016, page-153

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Mr Short

983 Posts.

14/02/16

11:35

Post #: 17015194
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Originally posted by nihilism ↑

The point of confusion is that you're looking at what price the country needs oil to remove the countries (sic government) deficit. Saudi arabia has a very low cost of production but when you look at the low taxes and spending by the government they require a much higher revenue to be taxed to maintain the country.

I see so many differing charts but this one looks the most real to me:

http://marketrealist.com/2016/01/crude-oil-prices-fell-17-last-6-trading-sessions/ (thanks whoever posted it earlier)

Especially when you combine with @mitta post above which showed the amount of shale oil producers failing atm. I cannot see that shale is providing a profit currently.

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