US exports more than Saudi now but Saudi will be killing that revenue stream for them as they have such a lower cost of production, the bigger issue for the US is that the low price makes all capital investment dry up as not financially economical, they will have to strike a deal with OPEC and Russia at some point to cut global production
US exports more than Saudi now but Saudi will be killing that revenue stream for them as they have such a lower cost of production, the bigger issue for the US is that the low price makes all capital investment dry up as not financially economical, they will have to strike a deal with OPEC and Russia at some point to cut global production