Well bad news for young graduates looking to find a job in O&G.

Two of the biggest service providers in O&G industry, Halliburton and Baker Hughes will become one enitty very soon, (Halli bought Baker) making it one less O&G company for us to jump around.

Cannot. Saudis have to play this delicately. Mass production kills the small players yes, but at the same it will also drain their own reserves.

It's a dangerous ground they are treading now. In the end, it's a question of whether who has the largest cash to last the lap.

Bleak time for oil and gas industry. The ripple effect will come soon.

Saudis production cost per barrel is only USD10 and shale oil operators's cost are estimated at USD50-80 to break even.

Guess who dies first?

Ripple effect? Those you see everyday are Lay-offs, business suffers, less expenditure and spending power.

On a larger scale, currency wars, depreciation and economic recession.