Re:China Stock Market Drops 8.5%
by matwood on Monday August 24, 2015 @09:02AM
(#10109419)
Saudis have huge cash reserves and can survive on a much lower oil price for longer. The US is already shutting down rigs and other production to get costs in line. As a country the US doesn't require oil exports to stay afloat. In fact, from a strategic standpoint the US prefers to import other countries oil and stock pile its own.
I'm not sure about Norway.