More US companies will collapse this year as the result of the Saudi Arabia’s strategy to keep oil prices low, Gal Luft, co-director of the Institute for the Analysis of Global Security (IAGS), a Washington based think tank focused on energy security, and a senior adviser to the United States Energy Security Council believes.

“The Saudi plan is to keep prices low enough for long enough to drive the American oil industry out of business,” Luft told Trend.

http://en.trend.az/business/energy/2483693.html

I hope that many super rich guys will collapse. Those who are rich, just because others are poor.

Eezy peezy with a little bit of political will. Take the dollars spent on defense in the Middle East. Then take the dollars we spend to keep the sea lanes open for the tankers from all over the world. Divide that by the barrels we import from the Middle East and from other places by sea. Impose an oil import tax to reflect the true cost of getting our oil there.

Send China, Japan, Korea and Europe the bill for protecting the sea lanes they get their oil through. Or better yet, take that out in trade tariffs on all their products so they foot their fair share.

US and Canuck oil will look a whole lot more economical.

I hope that many super rich guys will collapse. Those who are rich, just because others are poor.

It's not true, offshore workers in US get good salary. Rich guys is rich because they work with Oil make a big companies to work. Companies will collapse and a lot of people going to lose their job

Saudis ‘will not destroy the US shale industry’ Energy guru Daniel Yergin says rich investors have $60bn war chest to buy up distressed fracking assets after Opec war of attrition

http://oilpro.com/links/27964/saudis-not-destroy-us-shale-industry

Hyper bowl, pure economics, if Saudi crude is cheaper than American they have a market, if the other way around the Americans have a market, the companies that can't adjust and collapse well thats business, Saudi Arabia is an ally off the US, they both need each other, if anything its an American strategy to drive down the price of crude, its working and were all benefiting from it.

Anyone who stands still in business for too long will go under.

Oil monopoly is over, eventually new technologies will made crude redundant the march forward has already begun starting with electric cars.

I hope that many super rich guys will collapse. Those who are rich, just because others are poor.

Your a "Nut Case"! Go Home to Germany! Merkel needs you badly! Thailand will be very Happy without you!