Tag Archives | Shale

Pelosi_Saudis

Saudi Strategy to Hurt U.S. Oil Producers Relies on Help from U.S. Politicians

As relayed by Shoebat.com last week, the issue of fracking in Texas and North Dakota was high on the priority list of the Saudis going into a meeting about what to do relative to oil prices. In short, with oil exports constituting approximately 90% of the Saudi economy and U.S. production driving supply up and […]

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Saudi Prince Alwaleed bin Talal: In 2013, expressed grave concern about Obama policy.

Texas and North Dakota Oil Production Really Getting Under Saudis’ Skin

Thanks to the shale boom and fracking, U.S. oil producers are making life increasingly difficult for OPEC and that organization’s largest producer – Saudi Arabia, as Shoebat.com has reported. The rise in U.S. production is forcing OPEC nations to cut back on production rather than sell below breakeven. According to Bloomberg: Then there’s Saudi Arabia, […]

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