[dntbnmpls]

> It is estimated that below 50$/barrel Saudi Arabia is basically pushing wealth out of their country. (Balance of payment in negative, it is right?.)

You are assuming that the saudis didn't hedge. Being the "first mover" in this case, they would have had ample time to hedge against any drop in oil prices. Of course when they decide to cut supply and increase oil prices, they could bet on oil futures and make a lot of money beyond the selling of oil itself.

> What is the strategy here? Push all "high-tech" producers out of the market and shut up the price again? How long can they last? And how much it will cost?

Putting frackers out of business is that same old nonsense financial "news" has pushed the last 10 years. If someone at bloomberg actually knew what they were talking about, especially about the saudis and their oil plans, they wouldn't be slaving away at bloomberg. They would trade oil/commodities and retire in a day. A journalist at bloomberg knows about as much about the saudis plans as a journalist at espn knew about brady's plan during free agency. They know nothing. All they do is spew conjecture for clicks.

Oil is a geopolitical tool. It's an election year. Low gas prices make voters happy. Someone likes the saudis and the saudis like that someone. Also, low oil prices hurt venezuela and iran more than anyone else and will cause the suffering of many people. 2+2=5. Your guess is good as any from bloomberg.

[afroboy]

You're the only person who brought the correct reason for the situation, Saudis are cow milk for Trump and the absolute silence of Trump is clear answer of his satisfaction on the situation.

Killing fracking industry is really stupid to even think of.