Tuesday, October 14, 2014


"Exclusive: Privately, Saudis tell oil market- get used to lower prices"  This is bluff (perhaps a manic phase of Prince Bandar's mental illness).  The Saudis can't afford to do this - they need big revenues to fund their own social programs or face the revolution they fear, and they certainly don't benefit by wrecking OPEC.  It may just be a warning to the Americans to get with the Saudi plan for Syria (the Americans need the high oil price numbers to keep the fracking illusion going, an illusion that creates the phony economic numbers that keep up the deception that the US isn't in severe economic difficulties), a plan which at least the Pentagon seems to be resisting (the Pentagon has been choosing bombing targets which appear to be helping the Syrian government).
blog comments powered by Disqus