Saudia Arabia may go broke -telegraph London

[admin]

Thought about putting under OPEC thread but thought it might get buried and missed . Glad others agree it was relevant for a seperate post .

And you did well by doing that. The OPEC (or rather oil&gas market) thread is simply a morning diet of a few of the day's links collected as a service to the reader (although not all readers seem to agree on this). Some of these links deserve, and do, get their own thread and discussion and of course people are free to post relevant articles (like this one) in separate threads anyway.

[Thylacine-2]

It's hard to imagine the US shale producers picking up the slack for all the higher than medium cost projects.

I agree, Puts.  And the longer oil prices are low, the more likely a oil price shock to the upside in 2016 or 2017, absent a loss of demand in a worldwide recession.