Re: Bakken Oil Train Alternative?
Author: Max Wyss
Date: 10-29-2014 - 22:02
The Saudis have enough oil to drive others out of the market. And they may be able to repeat this a few more times.
I don't know the exact oil price which makes Bakken non-profitable, but I would not be surprised if it is already the case.
So, Bakken (and the fracking industry) may break down rather sooner than later.
And (to the general discussion), how could one export oil (or products) when it costs more than the world market price?