I could not agree more bystander . The thing I have most difficulty with is their policy of market share and the overwhelming financial destruction to themselves . You would think that as the growth market is in Asia and particularly China , a more diplomatic way of achieving this ' market share ' without the fiscal pain could have easily been found . But they are not the most rational of people are they . May I pose a scenario for your contemplation .. Trump wins the Presidency ! Trump has vowed to protect American jobs and Industry ! Trump invokes the anti - dumping laws on oil , as has been done on steel ' 260% import duty' and all sorts of other imports ! This revives the shale oil industry .The Saudi's market share policy is in tatters , and half a trillion dollars down the drain , and no imports into the US . At this stage he has not mentioned oil , but I can't see him allowing a foreign country imposing its will on American energy policy ... Food for thought...
MRM Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
