https://www.investopedia.com/articles/active-trading/051215/cost-shale-oil-versus-conventional-oil.asp
cost of new wells range between $30 to $90 per barrel. averaging around $46 to $58. This is in 2020 money. Infrastructure to get the oil to market also needs to be built. This is very...
Unless the US is willing to support shale companies with long term contracts at $100 per barrel, no companies in their right mind will want to explore shale.
Exactly who will threaten Saudis and UAE? Iran?
US systems will be replaced with Chinese systems. This is already happening.
The lawsuits will pave way to asset seizures. But the US needs OPEC and not the other way around. And Saudis are betting that the incoming Republican congress will be much more friendly.
Apparently the plan is to file lawsuits, withdraw troops and limit military sells. Basically not much.
https://thehill.com/policy/energy-environment/overnights/3678577-energy-environment-schumer-eyes-nopec-bill-after-oil-cuts/
agreed. covid lockdowns is no long viable after omega variant. China needs to prepare its population for the hundreds of thousands that will die once China opens tho.
You are some special kind of stupid if you believe Russia will blow up their own pipeline and not the Norway to Europe pipeline in the same area. To "Terrorize Europe"