‘Stealth bailout’ shovels millions of dollars to oil companies

Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by MiroF on Friday May 15, 2020 @04:41PM (#23197147)

This is absurd. Even if domestic supply falters (i'm unconvinced we wouldn't be able to quickly turn it around if need be, as we have multiple times in the past decade), KSA is still not a major international source of US oil.

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Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by sremani on Friday May 15, 2020 @05:19PM (#23197562)

With shale out of the game, tar sands our of business, PDVSA heavy crude barely having an output with dilapidated INFRA, who is going to plug the hole ? When the rates were high Canada and Mexico plugged in.

I am curious, if KSA wins the price war the Nigerians, Libyans, Angolans, Russians are out of the game. Outside of Persian gulf there won't be any hefty producers.

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Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by MiroF on Saturday May 16, 2020 @03:33PM (#23206504)

If the KSA has the capacity and inclination to win a price war against every international competitor, it would have done so already.

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