OPEC/Saudi "Viagra Oil Strategy" . . . Proclamations, Mideast Conflicts, Etc can . . . GET OIL UP . . . BUT CAN'T KEEP IT UP.

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The Straits of Hormuz conflict is good for $7 to $9 of today's $59 oil price.  What happens to Brent price when traders realize Trump is not going to take the bait.

OPEC members don't comply with cuts.  As one analyst said today it's like everyone around the dessert table . . . Everyone is a Cheater.

OPEC is running out of sound bites and ploys to get it up.  OPEC glory days are over . . . with or without Putin.

OPEC knows the Permian Pipelines are coming.  They have no answer. 

You know they're desperate when Saudis start the old "We're going to start working on the ARAMCO IPO"  . . .  .  . Then watch the brown nose Investment Banks sucking up to OPEC. You'll see new analyst projections for Brent $70 to $80.

PS: the US military recently confirmed that the two drone attacks on the Saudi pipeline did not come from the South from Houthis in Yemen.  The drones came from the northeast ? Iraq ? Inside Saudi Arabia ? 

UAE Crown Prince Zayed NOW says he's not sure that Iran sabotaged the Straits of Hormuz tankers. Zayed says we can't blame Iran.

We should have known.  Houthis have been sending rockets and missiles into Saudi Arabia for 2 years with no accuracy or success.  We're to believe then they send two drones 600 miles over Saudi territory for direct hits on two pump stations. False Flag ?

OPEC is on their last leg.  OPEC is dying

The oil Markets are finally starting to listen to Orbital Insights Corp world inventory reports and not OPEC oil ministers whom have an obvious agenda.

SOON . . .  all will be quoting that old fable , " The Emperor (oil minister) Has No Clothes"

 

 

Edited by Falcon

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