Trabisnikof posted:

The other thing, besides fracing that's driven down the price is climate change. The realities of climate change means that there becomes a point in the out-years where the future value of oil reserves approaches 0. That's why you see aramco thinking about selling shares and the Saudis pumping like no tomorrow. Because they recognize that there will only be a few decades left to pump their oil before it becomes worthless. Better to sell barrels at $30 or $20 than not at all.