Did yhe Saudis ever sit down with Ryan for him to tell them that?
I would never think they need anything from conoco. They have the $ to fund projects and to buy any technology they need.
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Since oil accounts for over 90% of budget revenue, it is not painless. It is just the lesser of two evils.
"Countries with rich oil reserves like Saudi Arabia and most Gulf states can tolerate the lower prices quite easily. Saudi Arabia alone has $900 billion in reserves and its own oil costs very little, $5-$6 per barrel, to get out of the ground."
http://globalriskinsights.com/2014/12/opec-no-cut-decision-adds-to-middle-east-divide/ ...no pain to speak of for Saudi Arabia.
133483: since your are a shareholder in the company I work for, can I do anything for you, your Highness? Imagine if we had these fools rooting around in the empty quarter trying to drill Khuff wells.
Here's what the 'spectrum of pain' looks like for the 12 members of OPEC: http://www.businessinsider.com/rbc-opecs-spectrum-of-pain-2015-8
Anonymous133131: I am glad things are working out so well for you, I hope you get your complete team soon so that you can deliver on this years goals. Best wishes for the future - Anonymous132958 (shareholder)
NO
We are so glad you are gone. We are almost a complete team now with the pick of the litter. It would never have worked out.
Yes
No