FII Starts. How Will It Go?

Soo, the "Davos of the Desert" began today and I've been hanging around in Twitter only to read that while it started with a full room, the so-called crowd quickly trickled out. Total, Trafigura, Baker Hughes and Schlumberger are there and the Saudi media already made boisterous announcements of $50 billion contracts to be signed but most of these are already announced deals, almost no new stuff. 

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What does this conference accomplish anyway? 

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14 hours ago, Marina Schwarz said:

 Total, Trafigura, Baker Hughes and Schlumberger are there and the Saudi media already made boisterous announcements of $50 billion contracts to be signed but most of these are already announced deals, almost no new stuff. 

Actually not contracts, MOUs, which are completely non-binding. I'd be bet money the $35B of stuff with Aramco was window dressing which was already going to happen. Trump's massive weapons sale is mostly a mirage as well, and adding up the dream list agreed to, and approved, during he-who-won't-be-named's administration. And new massive sales require congressional approval. The reason they haven't had to approve Trump's deal, there was no deal. Just a MOU.

Pay no attention to the facts, it's all about the illusion. 

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Haha, yes, John, I was thinking the same thing. And they're old, too.

9 hours ago, mthebold said:

What does this conference accomplish anyway? 

Shows how cool Saudi Arabia is? Bad timing, I suppose...

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On 10/23/2018 at 1:17 PM, mthebold said:

What does this conference accomplish anyway? 

They love a self-grandizing spectacle. I’ve highways repaved for a three day event, and a GOSP inactive for over a decade repainted just for the bling.

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3 hours ago, John Foote said:

They love a self-grandizing spectacle. I’ve highways repaved for a three day event, and a GOSP inactive for over a decade repainted just for the bling. 

I see things like this and wonder if they know it's theater or truly think this is how business is done. 

It will be interesting to watch this region of the world cope with defending themselves. 

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Haha, this sounds like the Soviet bloc in its heyday.

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