Low cost producers will win a price war

Message from moi:

That's what we have: a price war.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Saudi Arabia Ready For $20, $30, $40 Oil

---

Saudi Arabia Ready For $20, $30, $40 Oil

By Tyler Durden

Created 12/26/2014 - 19:20

It's unclear whether or not OPEC and Saudi Oil Minister Naimi are simply trying to put a scare into markets long enough to defend their market share – and if they can even keep up in this game of chicken – but the scare is there and the advantage is theirs.

---

Source URL: http://www.zerohedge.com/news/2014-12-26/saudi-arabia-ready-20-30-40-oil