It appears that the Saudis mission in Houston is to ' poison the well ' , and prevent any recovery in o.p. They claim to have OPEC backing ? With non Arab OPEC countries on the brink of financial destruction , with rampant inflation , poverty and eminent defaults and foreclosures , hundreds of thousands out of work , the collateral damage into the commodity sector and financial sector . Many oil producing states will fail , and there will be a catastrophic World event like the GFC on steroids . Yet not one ' World leader ' sees a problem here . Not to mention the destruction of their own financial situation , and all this carnage for one million b.od. How is that for insane greed . The Saudis are creating many enemies . Without E & D and at the present rate of consumption , considering the accelerated depletion rate . What happens next will be very very interesting ........
MRM Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held