1) The showdown on oil prices between Saudi Arabia and the US will intensify, and the Saudis will eventually break . It looks like oil and gas prices are going to remain low for the foreseeable future, panicking both the oil industry in Saudi Arabia and the shale gas industry in the US. The big question is whether Saudi Arabia can keep production high and prices low long enough to bankrupt enough of the American shale industry. The answer may come by the end of 2016 and several factors point to the Saudis breaking first. For one, despite losses for the oil industry, low oil prices benefit many sectors in the US , especially as consumers now have more spending money in their pockets. However for Saudi Arabia, an oil-dependent economy, low prices are a clear loser. There’s also the geopolitical dimension that will make worse Saudi Arabia’s financial […]