It costs next to nothing to get oil out of the ground in Saudi Arabia. It
costs a fortune to get it out of the North Sea. Price remains same/similar
globally. The price only determines which sources are still economically
viable. It just means that Saudi oil can be pumped out at very low prices,
long after other sources stop. This would drive prices up again and other
sources would come on-stream again etc...
NB: To reply directly replace "nospam" with "schmetterling"
Motorsforum.com is a website by car enthusiasts for car enthusiasts. It is not affiliated with any of the car or spare part manufacturers or car dealers discussed here.
All logos and trade names are the property of their respective owners.