tag:blogger.com,1999:blog-6199410.post4338900632285116318..comments2023-12-27T08:02:59.927-05:00Comments on Energy Outlook: OPEC's War on US ProducersGeoffrey Styleshttp://www.blogger.com/profile/18047970229068397492noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6199410.post-950626458649402122016-03-08T11:41:38.520-05:002016-03-08T11:41:38.520-05:00I suspect that Saudi Arabia is even more concerned...I suspect that Saudi Arabia is even more concerned about Iran than about US shale. Iran needs to sell oil well above $100 bbl to meet the demands of its corrupt and militant leadership. Diplomacy by other means.Al Finnoreply@blogger.comtag:blogger.com,1999:blog-6199410.post-60504145536470987222016-03-01T16:54:40.874-05:002016-03-01T16:54:40.874-05:00Gerald said:
Do they have an alternative solution ...Gerald said:<br />Do they have an alternative solution for the never ending demand of oil/fuel?<br /><br /><br />Unfortunately, you also included an unapproved ad link in your comment, which is why it's now gone. (I would have edited it out if Blogger allowed that.) <br /><br />As for your question, there are lots of possible answers to that question, but so far they all seem to be more expensive than oil, even when it was $100/bbl. That may not always be the case, particularly if battery costs continue to fall and battery performance continues to improve. Geoffrey Styleshttps://www.blogger.com/profile/18047970229068397492noreply@blogger.comtag:blogger.com,1999:blog-6199410.post-10906516243976615082016-02-26T06:20:49.736-05:002016-02-26T06:20:49.736-05:00In a normal market OPEC's tactics could never ...In a normal market OPEC's tactics could never work. They can, with great pain, temporarily drive shale, and other high cost producers out of the market. But then when they later raise prices, which is the whole point after all, how will they prevent shale from coming right back? However this is far from a normal market with Greens determined to destroy the fossil fuel industry at every level. If shale is providing a significant portion of U.S. energy needs and administration would be very reluctant to ban or otherwise significantly restrict shale as that would likely trigger a recession. But if shale production is suppressed restrictive legislation becomes much more feasible. Hard to believe our government could be so foolish? New York and California have already done it.Anonymousnoreply@blogger.com