Thursday, August 6, 2015

Article: Saudi Arabia may go broke before the US oil industry buckles

This is a reminder that the US may not be as nimble as a dictatorship, but a free market economy always beats a centrally planned one in the long run.

An extended look at the US shale oil (and natural gas) revolution, its continued and rapid technological advances, and the economic and political ramifications to the Saudi Arabians.

While it may be too optimistic about the US oil industry and too pessimistic about the Saudis, a lot of it confirms what I am reading elsewhere, in one neat package.

And, at least partly, the bad news for the Saudis is good news for the US; they will have less money to spend on fundamentalist Islam.

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