The Saudi Purge: What Are The Implications For Oil?
You can count me in the camp that thinks crude is going to have a hard time staging a sustainable rally no matter what happens geopolitically, so let's just get that out there up front.
There's an absurd "up the down escalator" dynamic at play with U.S. production and as long as capital markets remain wide open thanks to the central bank-inspired hunt for yield, well then it's hard to see a scenario where rising prices aren't met with rising production, in a self-defeating loop.
Meanwhile, the
Your first sentence says it all. In a decade we will still be talking about the KSA/Iran rivalry in the ME, and the flashpoints where their sphere of influence overlaps. This is a bigger fish than the US , Russia or China can handle. Doubt it POTUS will ever be able to assimilate and understand the facts of the matter, as it seems beyond his comprehension abilities.
Ohh, I’m sure DT and his crew comprehend one thing very clearly: How they will profit from this. Nothing else matters.