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Here’s Why The US Will Beat Saudi Arabia In The Oil Price War

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Michael Bastasch Energy Editor

Saudi Arabia should be troubled by the following chart. It shows why American ingenuity and free markets are quickly finding ways to more efficiently and cheaply produce crude oil — bad news for the Saudis.

So what’s going on here? Lots of news coverage lately has focused on how the U.S. oil industry is struggling amid low crude prices. It’s hypothesized by some energy experts that Saudi Arabia is continuing to pump out oil, therefore keeping prices down and pricing out costlier shale production.

Yes, there have been job cuts and fewer oil rigs being used to drill new wells, but companies are becoming more efficient and focusing on the most productive shale plays. That means companies are producing more with less.

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Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.