Oil down 7% , And Wall St blames China. This has nothing to do...

Oil down 7% , And Wall St blames China. This has nothing to do with China , the Chinese put another twenty million new cars on the road last year . Oil consumption is soaring .This is more about telling the Saudis that they are no longer in control of oil prices , the control rests with the hedge funds that have been battered by the Saudis having to pay out billions if not trillions in hedging to shale producers . This is what we should fear most , a financial war between Wall St and the Saudis , that only Wall St can win , the hedging has finished , and the only one with skin in the game are oil producers , and the biggest oil producer is , the Saudis , the question is WHO will BLINK first and WHEN ......