"I'm sure we're never going to see $100 anymore. I said a year ago, the price of oil above $100 is artificial ... Plus, remember there is an agenda here also. Although Saudi Arabia and OPEC countries did not engineer the reduction in the price of oil, there's a positive side effect, whereby at a certain price, we will see how many shale oil production companies run out of business. So although we are caught off guard by this, we are capitalizing on this matter whereby we'll live with $50 temporarily, to see how much new supply there will be, because this will render many new projects economically unfeasible ... But I'll tell you Saudi Arabia and Russia are in bed together here. And both are being hurt simultaneously. And there's no political conspiracy whatsoever against Russia. Because we are shooting ourselves in the foot if we do that ... No one knows for sure what price is the breaking point for shale. Wells have a higher production cost. And very clearly these will run out of business, or at least not be economical. At $50, will it still be economically feasible?"
Zum Interview mit Prince Alwaleed bin Talal, erschienen auf USA Today (11. Januar 2015) »
Zum Interview mit Prince Alwaleed bin Talal, erschienen auf USA Today (11. Januar 2015) »
