The Saudis never ‘cut production’
They just set price and let the world buy what it wants at their price.
No one seems to know that.The Center of the Universe
OPEC leader vows not to cut oil output even if price hits $20
Warren Mosler
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.
The Saudis never ‘cut production’
They just set price and let the world buy what it wants at their price.
No one seems to know that.The Center of the Universe