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(edited)

 

 

 

 

 

 

Edited by JJCar

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KSA is important players in oil markets. 

Trump cannot lose it, all his speech to get more attention from it , and get more money for his own company's. 

But he will lose the war , cause the others diplomatic forces in USA will not accept that, and will fight against him. 

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What happened to King Faisal, who started the 1973 embargo?

How did trying to leave the petrodollar work for Libya, Iraq, and Iran? 

Time for Trump to put on his big boy pants. North Korea is just a noisy nit. The border fiasco is made up for the base. This one matters. Though a part of me wants real money again. I just don't want to be holding in the market when that correction happens.

If Kissinger has any marbles left he must be wondering wtf?

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We should threaten military sales and shut down their crown jewel refinery in the US if they choose anti American positions. We really don't need Saudi oil or its refinery.

We don't need to be selling military weapons to them as well. Qatar would love it.

 

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Wont Saudi diversifying against dollar meet trump's agenda.

He has talked about strong Yuan in the trade deal with China. Less Saudi US$ holdings (i dont know exactly but cant be too much to begin with, given the budget deficit in 2015-18 - mostly working capital type holdings).

That implies ok with 'moderately' weak dollar...

Good for the world too - way too much dependence on one currency since Euro did not work!

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This articles appears is written by a child or an racist. Lots of outrageous ranting and no factual information.  Higher oil is good for the US economy and employment.   the oil industry employs dirctly and indirectly over a million employees with an average salary  of $30-45 per hour.  what would happen to us (oil employees) if oil trades below $30 or 40?  just look back to 2008.   Higher oil prices means good economy and employment for all. 

Remember we are US now the leaders in oil production not Saudis or the Russians...

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(edited)

On 4/6/2019 at 11:52 AM, dan itawi said:

This articles appears is written by a child or an racist. Lots of outrageous ranting and no factual information.  Higher oil is good for the US economy and employment.   the oil industry employs dirctly and indirectly over a million employees with an average salary  of $30-45 per hour.  what would happen to us (oil employees) if oil trades below $30 or 40?  just look back to 2008.   Higher oil prices means good economy and employment for all. .

Remember we are US now the leaders in oil production not Saudis or the Russians...

Dan you just joined.  Was that to respond to me ? Where do you live ? Saudi Arabia ? LOL

If someone doesn,t agree with you pull put the race card.

Competitive oil prices is good for US oil.  US oil companies are returning to US LOWER 48.  Getting out of tar sands, Conoco left Nigeria 4 years sgo, Exxon wants out of Nigeria now. They make more money/cashflow today in US Shale and Gulf of Mexico at $50 oil today then they did before at $90.

Same number of people will be employed (probably more) with $50 oil as today with $60 oil today or $70 next week.  The 30 somthing year olds that are racing around the shale basins with $55 break even will have to take a job for a consolidator.  They've had a

Edited by JJCar

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