Saudis Threaten New Oil-Price War With OPEC Brethren

I always suspected that the real target never was shale but rather the deepwater and arctic drillers. Those are very longterm investments and they are very costly as well so uncertain price outlook is going to hurt them most. I am sure they knew that they would only burn away the diseased flesh for the corpse of shale drilling and leave it behind much healthier than if they never started their little action in the first place.

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