The Real Reason Saudi Arabia Can Afford a Price War

Much time is being spent discussing the attempt by OPEC producers, especially Saudi Arabia, to drive higher-cost US shale drillers out of the oil game. The theory is that because OPEC cartel members can drill at dirt-cheap prices, they can inflict despair on the lightly defended shale patch. In the end, US drillers will have wave the white flag and shut down.