RIP
RIP
Dylan Powell
Other urls found in this thread:
en.wikipedia.org
twitter.com
Gavin Cook
Thomas Ross
not really, their point is to make the oil go down so that the US shale industry is ded, and so is Russia/Iran.
they're the ones who will survive this, they're playing 4d chess
Jackson Myers
Yes
Noah Perez
Not sure how they survive oil literally going negative
Corona is a hellavu thing
Easton Nelson
Isn't there a chance a lot of economies will pick up again with way less dependency on oil now?
Sebastian Gonzalez
>Saudi Arabia needs an oil price of about $85 per barrel to balance the government's budget deficit, but only $50 per barrel to balance the current account
Blake Hall
Nobody knows. Coronavirus is messing up literally everything. Some states WILL end up failing as a result of this.
Dylan Reyes
It's a temporary situation, it will change in the next 6-18 months.
And saudi arabia has a lot of assets, they're pretty stacked.
When the economy will go back, just like after the 2008-2009 crisis, the oil demand will be very high.
Christian Ross
Is there a chance they could start a war based economy with US?