BRYFF - Energy Is Dead... Long Live Energy
US oil producers are leaner than they used to be, especially those who have wiped out billions of dollars in debt via prior bankruptcies.
Back in 2014 I wrote an article arguing that the House of Saud’s main motivation for allowing oil prices to fall was not economic but power based, concluding:
So, when we investors consider how long oil prices are likely to stay at current levels, we should not just think about monetary influences. In this case, the maintenance of political power by the House of Saud is at least as big a