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A comment on U.S. oil production to be equal to Russia plus Saudi Arabia by 2025. Parent comment

Re:U.S. oil production to be equal to Russia plus Saudi Arab... by pavpanchekha on Friday December 21, 2018 @01:35PM (#18735414)
The cost of US fracking continues to drop; $40 oil is plausible in the near future. The issue for Russia and the KSA is that their budgets aren't solvent at a $40 or $50 oil price
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Re:U.S. oil production to be equal to Russia plus Saudi Arab... by protomyth on Friday December 21, 2018 @02:49PM (#18736005)
The article discussed here https://news.ycombinator.com/item?id=18505672 mention lower that $40 happens in Texas.
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Re:U.S. oil production to be equal to Russia plus Saudi Arab... by notfromhere on Friday December 21, 2018 @02:38PM (#18735908)
its what happens when your state is basically a poorly-run oil company
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Re:U.S. oil production to be equal to Russia plus Saudi Arab... by Arnt on Friday December 21, 2018 @05:52PM (#18737425)
What's the KSA? Saudia Arabia? Doesn't Ghawar produce at around a lowish single-digit cost?

https://en.wikipedia.org/wiki/Ghawar_Field

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Re:U.S. oil production to be equal to Russia plus Saudi Arab... by hokkos on Friday December 21, 2018 @06:02PM (#18737489)
He talks about SA budget, they sure earn money, but not enough to subsidize their citizen like they used to.
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Re:U.S. oil production to be equal to Russia plus Saudi Arab... by kevinstubbs on Friday December 28, 2018 @11:18PM (#18781800)
KSA = Kingdom of Saudi Arabia
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