OT: did a "think out" on why Saudi's encouraging self inflicted oil price cut, unflinching seeing prospects of their huge 700 billion reserve accumulated hard dollars, ready to be knocked down, maybe by 100 billion per year.
Can't believe this prodding of oil supply glut is just aimed at high cost oil producers, and the stemming of world wide shale oil prospects.
Obviously they want to do it for 1-3 years, most likely the latter.
Only way I see the math , for this tactic to be financially fruitful, is for them to do it ( encourage high production) in order to grab as much of the lower cost oil components at every stage of operation at historic depressed prices. Personally seems it is way they could make up for the oil revenue shortfall over time by setting sights on emerging with 2-3% greater world oil market share
and ownership of oil suppliers, worth tens of billions, for maybe 1/2 price?
This is their window while OPEC still obviously can control the demand side of a commodity.
