Replies to post #2038 on Deep Well Oil and Gas (fka DWOG)

[wshaw14]

While what you are stating is true, oil is near the only source of revenue in Saudi Arabia and other ME countries and there is another roughly $80.00 per barrel to fund their ample social programs. If they stop funding these programs or even substantially cut back on them they will more than likely be overthrown. This is why they are now running huge deficits. They can not continue this for ever. Also keep in mind that many of the OPEC countries are already bucking and on the verge of collapse. I am not saying that DWOG will soar tomorrow, but I believe it will eventually soar.