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Julius Erving

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Julius Erving

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Sunday, 03/22/2020 7:18:37 AM

Sunday, March 22, 2020 7:18:37 AM

Post# of 361286
A long, but 'must read' on the oil situation:

https://finance.yahoo.com/news/saudi-arabia-russia-really-want-210000966.html

In the Putin-Salman standoff, analysts ponder which man will blink first. With a fiscal break-even petroleum price of $42.50 per barrel, Russia’s economy is more diversified than its Saudi counterpart, with a strong defense industry, the exports of which are second only to America’s. For Saudi Arabia, the fiscal break-even oil price is $85 per barrel, reports the International Monetary Fund.



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