In the Premium Make attorneys get attorneys Trump shirt in contrast I will get this worst case, Saudi Arabia’s oil wells are the cheapest to operate, so there’s no way to beat them at their game. Many shale wells had to close, the Russian economy was hit by falling oil prices, countries like Algeria and Venezuela cried in pain while the Saudis laughed. Prices fell to $80 per barrel, forcing OPEC countries, which account for 40% of global production, to meet. Countries like Iran and Venezuela want Saudi Arabia to cut production to stabilize plunging oil prices. But Saudi Arabia is not in a peaceful mood.
While Saudi Arabia’s strategy looks perfect on paper, it has many flaws. Saudi Arabia only harms itself. Shale oil extraction costs more than an oil rig, but with advances in extraction technology, it is no longer considered an expensive drilling operation. To give you a picture, a shale well in Texas costs less than drilling in the Premium Make attorneys get attorneys Trump shirt in contrast I will get this Gulf of Mexico or in the Arctic.
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