Even At $30 A Barrel, Saudis Are Still Making Money On Oil

Which oil is expensive and which oil is cheap? Is Saudi oil the cheapest oil? “Not only do the Saudis have oil that is inexpensive to produce, they also have a lot of it. They have to take a long view on making sure there continues to be demand for their oil, and that’s part of what this price war is about,” says Amy Myers Jaffe.

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