Tesa

Oil: A Slippery Slope Ahead?

Not all oil wells produce cheap oil. Many new new oil operations are only profitable above 50$ a barrel. Who is going to sell oil bellow the cost. As soon as these facilities shut down for being unprofitable, Saudis will no longer control the price oil any longer and then say hello to astronomical numbers.

Oil: A Slippery Slope Ahead?

The high cost of production of Canadian oil at 50$ will mean that they will be shutting down their operations and then this silliness will soon end.