Saudi Arabia watch

johnhemming2 · Post by **johnhemming2** » 06 Aug 2015, 08:30

http://www.telegraph.co.uk/finance/oilp ... gn=DM37797

AutomaticEarth · Post by **AutomaticEarth** » 06 Aug 2015, 08:44

Hi John,

We do have a thread for Saudi Arabia call 'KSA Watch'. You can find it here:-

http://www.powerswitch.org.uk/forum/vie ... hp?t=25364

Personally, I'm fine with the seperate thread but it might be best to keep all the Saudi items together, just a suggestion.

johnhemming2 · Post by **johnhemming2** » 06 Aug 2015, 08:54

Up to the moderators really. I thought the article was particularly relevant as it looks at the interplay between shale and opec.

At the Peak Oil and Gas APPG we had a presentation on Shale which is probably still on the website. The point was made by the Shale producers that Shale delays a peak it does not mean that a peak does not happen.

fuzzy · Post by **fuzzy** » 06 Aug 2015, 08:59

Ambrose seems the best brain that writes for the DT, but he is always stuck in that long game/old empire logic. The Saudis were the country that wanted OPEC so that the cartel cooperated on output. This only works if you have discretion to choose output over a range without economic desperation [ie the revenue is greater than the country's costs], and if changing all OPEC output creates a big enough price gradient to not lose out as output x price = revenue. Once there are other suppliers, seperate markets [China buys Iranian oil??] or you don't produce enough to effect prices, then all bets are off. The Saudis are now doing exactly what the UK and US does - pump flat out.