1. There is now paper oil. Oil options orchestrated by the big banks. This is how Russia is being attacked.
2. The Saudis want to put frakkers out of business. This is how much it costs to get oil out:
-Saudi Arabia: Less than $10 a barrel.
-Russia: (onshore) $40-$60.
-Venezuela: Less than $30.
-Nigeria: $20-$40.
-North Dakota: (Bakken Shale) $40-$70.
-Texas (Permian): $40-$80.
-Texas (Eagle Ford) $40-$70.
-Alaska: Less than $40.
-Canada (Oil Sands): $50-$100.
Some folks forecast oil to be driven to $40/bbl.
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