John Foote + 1,135 JF May 4, 2020 https://www.mysanantonio.com/opinion/article/How-Mohammed-bin-Salman-Hit-a-dead-end-in-15244829.php Trump had, in effect, threatened the complete withdrawal of American troops from the kingdom if the Saudis didn't slash oil production. MBS, as the prince is commonly known, could hardly have missed the dire implications, for himself and his family. As Trump has put it, with characteristic crudeness, the kingdom's rulers "might not be there for two weeks" without U.S. military backing. 1 Quote Share this post Link to post Share on other sites
BLA + 1,666 BB May 4, 2020 (edited) 6 hours ago, John Foote said: Trump had, in effect, threatened the complete withdrawal of American troops from the kingdom if the Saudis didn't slash oil production. MBS, as the prince is commonly known, could hardly have missed the dire implications, for himself and his family. As Trump has put it, with characteristic crudeness, the kingdom's rulers "might not be there for two weeks" without U.S. military backing. Shell CFO says oil will never return to pre virus crisis demand levels. That may be because they are heavily weighted toward natural gas over crude, or she might be correct. Goldman Sachs is very bullish on Brent in 2021. Interesting. Gotta tow the line if you want to be lead manager on a couple of Hundred Billion dollars in Saudi debt offerings over the next couple of years. Just my opinion. Moody's downgraded Saudi Arabia to Negative. They project Saudi revenue down 33% this year and 25% next year. Going to be tough couple years for all. Still Brent and WTI shouldn't be trading in $20's. It will move up. Economy going to get going albeit slowly. Oil price depends on how much demand returns in what timeframe. All projections are but guesses. My guess $40 to $45 by December, given coronavirus is under control. Worst case scenario we get a second more deadly second wave as seen during Spanish flu in 1918. Coronavirus is an RNA virus that is prone to mutation. Nothing is certain. PS : Story of Trump threatening Saudis doubtful. Edited May 5, 2020 by BLA 1 Quote Share this post Link to post Share on other sites
Marcin2 + 724 MK May 6, 2020 On 5/4/2020 at 7:43 PM, John Foote said: As Trump has put it, with characteristic crudeness, the kingdom's rulers "might not be there for two weeks" with U.S. military backing. I think this is more probable. US needs SA more than the other Way round. 1 Quote Share this post Link to post Share on other sites
0R0 + 6,251 May 7, 2020 14 hours ago, Marcin2 said: I think this is more probable. US needs SA more than the other Way round. Precisely the opposite. What the US needs is for the ME oil not to fall into Chinese hands. If Saudi control does not work in US' favor, it can be US+Japan and whomever else other than China/Russia that controls it. 3 Quote Share this post Link to post Share on other sites
BradleyPNW + 282 ES May 7, 2020 No one listens to Trump. He's a carnival barker and they all know it. After Donald's performance during the COVID crisis (inject bleach, etc.) no one looks to the USA for leadership. 1 1 Quote Share this post Link to post Share on other sites
John Foote + 1,135 JF May 8, 2020 Aramco is now looking to borrow $100 billion, partly to buy SABIC, which is a laugh since the country already owns it. But also to pay upcoming dividends. And to to think no one listens to Trump is ludicrous. That a significant part of the world thinks a coarse buffon, yes, but there is nobody with even a tiny bit of functioning gray matter than doesn't accept he affects things. Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,539 May 8, 2020 20 hours ago, BradleyPNW said: No one listens to Trump. He's a carnival barker and they all know it. After Donald's performance during the COVID crisis (inject bleach, etc.) no one looks to the USA for leadership. Carnival barker of destroyer. Unless my memory of Trump eviscerating 8 yrs of socialist/progressive legislation in two short yrs iss amiss. Carnvial destroyer is the well deserved title be so richly has earned.. EPA OBUMA CARE THE WALL TWO SURPEME COURT JUDGES MORE FEDERAL CONVERSATIVE JUDGED APPOINTED IN HISTORY Fractionalizing the Democratic party ie exposing the socialist's Should I list the abject failures of that socialist party? Quote Share this post Link to post Share on other sites
BradleyPNW + 282 ES May 8, 2020 I'm happy to rephrase, no one follows Trump's lead on anything. Trump withdrew from Paris Accord, no one followed. Trump withdrew from TPP, the other members started up without the USA. The USA is no longer a superpower because we've lost soft power influence. Fortunately, US soft power influence will eventually return after Trump and the GOP enablers are kicked the curb in November. Quote Share this post Link to post Share on other sites
BradleyPNW + 282 ES May 8, 2020 3 minutes ago, Eyes Wide Open said: What in the ever lourvin' cray-cray was that? Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,539 May 8, 2020 2 hours ago, BradleyPNW said: What in the ever lourvin' cray-cray was that? Interesting commentary, perhaps if you spent less time on alternate realities and grasp what is happening..you may become awakened... Quote Share this post Link to post Share on other sites
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