An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, November 9, 2018
Saudi Arabia is studying the consequences of dissolving OPEC
Oh the hits they just keep on coming... its like these oil cartel SOBs worst nightmare...
The Saudis are doing this at US "suggestion".
ReplyDeleteFRANKO™
Daily live demonstrations of the Dunning-Kruger Effect.
Yo, US is making a suggestion to Iran in the post below too... so?
ReplyDeleteWhich one is going to take the suggestion?
If the cartel is going to fail, which of the rats is going to survive in the aftermath?
The cartel can only survive if the non-cartel sector cannot out produce them...
https://www.cnbc.com/2018/10/11/opec-hikes-oil-output-in-september-as-irans-production-falls.html
"Supply hikes from Saudi Arabia, Libya, the UAE, Nigeria and Angola offset a drop in production from Iran and Venezuela."
Venezuela and Iran becoming irrelevant...
Canada now down below $20 per bbl:
ReplyDeletehttps://leaderpost.com/news/saskatchewan/price-difference-between-canadian-and-world-oil-prices-worrying-for-saskatchewan-government
"Western Canadian Select (WCS) dropped below US$20 a barrel last week"
Will $20/bbl be able to feed all of them?