I think your right .
Very good perception excellent as a matter of fact!!!
MBS is getting ready for the next phase: Iran is decimated, the US is distracted, and they can flex their muscles in the ME.
“I wonder if the Saudis aren’t just trying to finish off Iran while it is in a weakened state.”
If that is their plan their actions have been creating a lot of collateral damage in world stock markets.
While the world - Russia, China, Japan, Saudi Arabia and others use trade an economic weapon, all the western elites can do is yell “free trade”, “free trade”, “free trade”, especially when the U.S. finally retaliates with its own “nationalist” trade policies.
Meanwhile if you look at the EU’s inter-EU trade arrangements and the extensions of those agreements into trade agreements the EU has made with non-EU countries, what you see is a huge amount or protectionism for those within the EU, of an amount that the U.S. elites are always saying the U.S. should not do.
You can argue about any number of “Trump” things, but one thing he has not been about trade is blind to what the western elites preach versus what the real world does.
I read the entire article. The question was never answered.
That would be logical.
That’s kinda what I thought.
These Saudis screwing up things around the world. Tanking markets, funding anti-fracking movements, funding Wahabbist mosques all over America, funding 9/11, creating ISIS to create more Sunni theocracies.
Someday, some nation might get it’s backbone back and notice that they have a very weak sister military, and then decide to just take the oil and their assets in that nation.
Nope, it’s the Torona virus that Trump created in the WH basement.
That is why he plays golf, because it makes Putin look like he is smarter than Trump.
But Joe Biden is gonna show him in November because everyone wants to tax the rich and Trump has way more $$$ than the dog-faced pony... uhh, you know the thing.
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Trying to bankrupt frackers?
There will be no winners here. especially KSA, they need oil at at least $50 and more like $70 or $80 to make it all work. $100 a barrel would be ideal. They will be eating into their capital reserves trying to stay afloat and will be forced to sell more of Aramco to raise cash. at a lower price.
It’s also a massive fiscal stimulus. Oil prices went from ~$45 to ~$37, about 20%. The annual US oil consumption bill just went from ~$300b to ~$240b. It’s as if American consumers and manufacturers collectively got $60b more in their pockets per year. For some perspective, the payroll tax cut is estimated to cost $150b a year. If oil prices went to $25, that would represent a $180b annual stimulus.
A related topic not being discussed...
Saudi Arabia sold a small percentage of its national oil company - Aramco - in December 2019.
I know Aramco trades on the Saudi exchange, but I don’t know if it trades anywhere else using “depository receipts.”
Although the Saudis sold just 1.5% of the company, that share sold for almost $30 billion, because it is the largest and most profitable company in the world.
Aramco stock reached a high of 38 (riyals?) a few days after its IPO.
Yesterday, the price crashed to 28.
It recovered today to 31 (with Saudi market manipulation??).
The investors must be furious about this Saudi-sponsored price war just three months after the IPO!
Magog - Russia (IMHO)
Sheba and Dedan - Saudi Arabia
Persia - Iran
House of Togarmah - Turkey
Lots of stuff going on in and about with these places.
Ezekiel 38 - no doubt it will happen
Could it have something to do with the 4 Princes that were trying to overthrow the King? Was this a way to show the minions that SA still controlled the price of oil
No, this is much bigger. Im not the one to explain all of this as this is an area I don’t understand as well as I should and there are others around here that understand such things much better.
Its important to understand that MBS is pro-American and much of the round ups and incarcerations and similar activity in SA has been about MBS cleaning up his own Anti-American swamp.
Just as there were many events preceeding WWII that should have told anyone paying attention that the bullets were about to begin flying there are things afoot now that add up to a lot more than the disjointed way the media presents them suggests.
There is a reason that Trump has been talking about taking on the Fed and moving to another currency, possibly a hard currency.
This in part is due to the fact that the American Petro-dollar as the worlds reserve currency is dead, we just haven’t buried it yet. China and Russia, along with Iran and a few other players, have embarked on a trade plan that builds a whole new infrastructure through Asia, Europe, and Africa and demands that all payments are in Rubles and Yuan. The dollar will no longer be the worlds reserve currency and effectively retain no value. The way it stands we are effectively trading bits of American debt backed by Chinese credit.
Im sure the plants on this board will get hysterical and have a great deal to say about these things but you don’t have to believe me and you certainly shouldnt believe our experts either. Search for yourself. Try “russia china petroleum trade dollar”. Try “One Belt One Road” or “China New Silk Road” and “21st Century Maritime Silk Road”. Now look at the maps. Theres a reason that the Bidens, Romneys, Pelosis, and Kerrys hate Trump (McCain was always a traitor). Take a look at the routes that these take and where do they nearly intersect with Russian gas lines. Look where Russias port is. Why is Venice so damned important and what does that have to do with Chinese running around Milan? Try “trump announces gold backed currency”.
Americans through open trade, illegal vice, and taxes paid towards intentionally failed federal budgets are paying for the whole thing. We are funding our own demise and the free traitors are the ones in Chinas/Russias pocket.
Sides are forming up. I don’t know if the Brits realize it yet but what they were actually holding a referendum on was which side they would be on.
Its possible that you are looking at the right tree. The media doesn’t just manipulate with false stories. They also deceive us by intentionally presenting information in a disjointed fashion as though events aren’t connected. Many here cant see the forest for the trees. Tehran is involved in these plans with Russia/China and is a critical hub in the route.
What is MBS doing? I don’t know, Im not in MBS inner circle. I would guess that this could be an effort to collapse Iran in the hopes that the people would then reinstall a Western friendly nation which would not only give us an ally in the form of a new Persian nation but cripple Russia/Chinas plan. Maybe bigger and something more but I now that this isn’t just SA getting back at Iran or jabbing their thumb into Irans eye to get back at them for past problems.
If SA is willing to put themselves in this situation, doesn’t it suggest something much more than a bit of revenge?
Saudi is aware of the huge gas and oil reserves in Russia, They have been trying to slow Russia’s use of these reserves for years. This is just another attempt to keep control of their cash cow by trying to send the cost of Russian oil out of reach financially and keep them at bay. This is not new.
The sell-off in crude began last week when OPEC failed to strike a deal with its allies, led by Russia, about oil production cuts. That, in turn, caused Saudi Arabia to slash its oil prices as it reportedly looks to ramp up production. The shot has been fired over the bow.
rwood
Iran...Russia...and the United States can be seen as enemies of Saudi Arabia.Politically,militarily or economically.
I agree. Note the Dems [joined by the usual suspect Republicans] tried to put the cabosh on the War Powers of the pres, and that the EU is back to busting sanctions on Iran [and is now slapped with a travel ban.]