OPEC is one of the most universally hated acronym ever. In the age of zero interest rates the masters of the universe have been borrowing heavily to produce fracked oil. This is a fracked idea from every angle but it is a good one in our reality distortion field economy.
The fracking has fracked Saudi Arabia. MBS decides to frack the frackers and drop the price of oil so low the frackers go bankrupt.
Well this kinda backfired and got President Trump and the US Senate all sanctioney. This is the worst possible time for a wave of frackers to be fracking bankrupt.
MBS blinking and brokered a deal for higher prices with a $40 per barrel target.
Only one problem, little Mexico is playing a different game. I imagine Mexico is going to get paid but in the meantime how delicious.
No comments:
Post a Comment