Throwing in the towel?
#BREAKING: @Saudi_Aramco Confirms It Is Studying Potential IPO
#oil #SaudiArabia #OPEC #KSA #Saudi #energy pic.twitter.com/ibY716sXPH
— Javier Blas (@JavierBlas2) January 8, 2016#BREAKING: @Saudi_Aramco Confirms It Is Studying Potential IPO
#oil #SaudiArabia #OPEC #KSA #Saudi #energy pic.twitter.com/ibY716sXPH
— Javier Blas (@JavierBlas2) January 8, 2016
7 comments:
The end of poisonous SA regional power is near. We can celebrate...
I, if so I fear all hell is going to break loose over there... scary!!!!
Matt yes, probably, but is necessary. Is already in chaos. The status quo of the post-WWII era is unsustainable, we shall acknowledge it and move on. We are starting conversion away from oil (finally!) anyway, there is no future in sinking more resources in that worthless desert.
Oil going below $20. Lift embargo over Russia and there is enough oil to supply the world while the whole region goes in flames (oil supply won't stop anyway, oil is being imported from ISIS controlled regions even now), as it's necessary.
The "only" problem will be the waves of immigration over Europe, this has the added benefit that it will disintegrate the EU, so in the long run will be a win.
Strange and difficult times indeed.
Go short the riyal. That peg is gonna bust real soon.
China also needs to float the yuan. They are bleeding foreign reserves, too.
Russia sitting pretty as the ruble continues to decline against major currencies. Russian weapons exports are going like hotcakes. As the price goes down they increase quantity.
Even the US cannot maintain sanctions uniformly. The US government just dropped sanctions on Russian rocket engines. It was that or shut down the program. German business is reportedly regularly ignoring sanctions now.
The wheels are coming off this buggy.
Watch the Fed come in with another unlimited swapline for them at 3.75 if the wheels come off the wagon ... just like 2008 again....
Foiled by the Fed again! ;)
You're right, Tom. The ruble is the most undervalued currency out there.
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