Also with each effort, new efficiencies are found. Many of the Saudi fields are <$5 so it can go a lot lower if economies slow.
Another unintended consequence is that the falling energy prices may slow (and mask) some inflationary effects allowing this to creep up on the wizards behind the curtains of the Central Banks.
Another unintended consequence is that the falling energy prices may slow (and mask) some inflationary effects allowing this to creep up on the wizards behind the curtains of the Central Banks.
Five dollars - not any more - they need money to spread around. 20 K princes with families, every public service free, and no taxes. It has become a welfare state. They need cash flow.
