Yes, Mongrel, but in O&G, Saudi is a Kingdom who invests in their own country, oil reserves & the GCC and will eventually (or soon) send the POO back up the funnel.
IMHO it is an incomparable situation to iron ore where you have not one but two multinational corporates who have s'holders with significant losses & shorters of their own stock make good Profits virtually 2/3rds of the time on the LSE & the ASX.
I mean De Beers was a cartel in the old & current CSO, a least they bought out the good players like old Ashton Mining & others. They didn't send others & themselves down the spout.
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