How low can oil go?

Theoretically, Saudi Arabia would still be profitable at $25 a barrel but I think that is more theoretical than anything else.

However, because of Houthis in Yemen being given weapons by IRan and Iran in Syria now being aided by Russia against (it appears to be all Sunnis there) things actually could theoretically eventually go to $25 a barrel for oil.

However, that is only theoretical because there are many many variables in play here.

So, by going to $25 what does that accomplish for Saudi ARabia?

bankrupts Russia, IRan and ISIS? Theoretically that might happen but not in actuality.

So, the most important to get rid of for Saudi Arabia to survive now is ISIS. Their next problem would be IRan and their next problem would be Russia, if Russia invades or bombs their oil wells or refiners eventually. Russia is after Turkey right now but who's to say they won't be after Saudi Arabia next?

Meanwhile every other oil country's oil companies might or could go bankrupt in the meantime if these prices stay this low very long.

So, possibly this is what Saudi Arabia is actually going for. I'm not sure at this point. So, in this way Saudi Arabia could corner the oil market after putting all other oil companies out of business.

Then Saudi Arabia could or would charge $10 to $30 a gallon for gasoline and no one could say anything about it.

But, this also would bankrupt about 50% or more of all countries on earth that could not then feed their people because it takes diesel and gas to farm in most cases to run tractors and haul food to stores.

So, what is happening is very dangerous in the short run and extremely dangerous in the long run.