The Saudis Predict $400 Oil

IF the Saudis go to an oil embargo in response to exposure of Crown Prince Salman’s involvement in the murder of Kashoggi, we could see oil prices spike to around $400/bbl.
Then there’s a move afoot to move the price per barrel off the US dollar standard. This would have devastating effect on the world markets and the US economy specifically.
So, watch what President Trump does…he’s going to do the best thing for the USA and his MAGA agenda.

, Reeves county, Tx :sunglasses::rofl::rainbow::stars::ribbon::heart:

1 Like

The dollar is the world’s reserve currency. Our economy is in great part aided and subsidized by that circumstance. Our hegemony is enforced by our naval power and the status of the dollar. Do not think that the rest of the world would not welcome a situation in which their dollar denominated debts could suddenly be repaid with devalued dollars. There is a lot in play here, not well covered by our so called “fourth estate” the press/TV news.

2 Likes

Good evening Mr Lawrence Totally unrelated to your last post,do you happen to know why the MRT has ceased publishing Well permits issued by the RRC ? Also , do you know where the average dummy might look to find same ? Thanx for any help , and well wishes .CharlesJ