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In a rare interview with the Middle East Economic Survey, Al-Naimi said that Saudi production costs are no more than $5 per barrel, and that marginal costs of development are “at most” $10 per barrel. As 2014 drew to a close, estimates were that it cost U.S. frackers as much as five times that to get a barrel out. “Is it reasonable for a highly efficient producer to reduce output, while the producer of poor efficiency continues to produce?” asked Al-Naimi. “That is crooked logic. If I reduce, what happens to my market share? The price will go up and the Russians, the Brazilians, U.S. shale oil producers will take my share.” Al-Naimi and OPEC thus came to the decision to leave production levels where they were.
Saudi America
Bethany McLean
What Oscar Wilde wrote about a cigarette in 1891, when that indulgence was about to explode in popularity and availability, might also be said about sugar: It is “the perfect pleasure. It is exquisite, and it leaves one unsatisfied. What more can one want?”
The Case Against Sugar
Gary Taubes
direction others feel is best. No harm intended, though great harm . . . or stardom! . . . or both! . . . may occur. These days the Internet has changed much of the playing field, but not all of it. The dynamic between creativity and commerce remains a convoluted waltz. If you want to fly by your own lights, reach the audience you feel your talents deserve and build a work life on what you’ve learned, value and can do, be wary. In the early days, my record company harbored no ill intentions. They were a victim of their own jolly business planning and excitement, working at the mercy of the mighty gods of commerce, just doing their job, while I was learning mine . . . real fast.
Born to Run
Bruce Springsteen
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