1. Comments by Saudi officials indicate they continue to believe shale oil requires a price of $90 a barrel to be profitable, the analysts noted.

2. the International Monetary Fund in September estimated that the “breakeven” price required to balance the country’s (Saudi Arabia) budget rose to $89 a barrel in 2013 from $78 in 2012.

3. Citi analysts...“We think what counts at this stage is half-cycle costs, which are in the significantly lower band of $37 to $45 a barrel."

4. “Even at $75 a barrel or perhaps below, U.S. oil production would almost certainly grow in 2015 an 2016, not changing much the need for OPEC to cut if the market is to be balanced. Even if such a price war were ensuing, the Saudis would end up punishing themselves in our view. They could sustain the pain of $60 a barrel oil for a while, but definitely not forever.”

Россия не одна будет мучаться. Сауды тоже пойдут под раздачу.

Good choice very good choice © Sam