Three countries with existential issues:
- North Korea
- Saudi Arabia
By the way, it's not the US shale sector that's riding the coattails of Saudi's cut in oil production, it's Russia. Russia is taking advantage of Saudi's predicament.
By the way, did you all see the break-even price in the Bakken today? $20. [Update: see first comment.]
Permian doesn't come close to $20 for those who paid $40,000/acre for fringe areas in the Permian. This could get ugly.
Baby Makes Her Blue Jeans Talk, Dr Hook