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ARAMCO Monday Conf Call said First Half '19 Production Avg 10 mm bbls/day. THIS SHOWS NO PRODUCTION CUT EVER MADE BY SAUDIS

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(edited)

We've been conned.  No production cut by Saudis. ARAMCO data counters OPEC claim.

Now they want U.S. to cut production. Will the U.S. ever learn.  Always playing the fool. 

Just like U.S. paying $100 MILION+ to protect shipping lanes so Mideast can ship oil to China and All Asia.

Ten Million bbls/day the same as 2018..

Every oil analyst and Investment Bank accepted this falsehood. All analyst told us about "tight" supply.  Brent price ran to mid $80s. Do you think they believed that or were they just brown nosing Saudis.

TEN MILLION BARRELS DAY

How do you think Rosneft, Gazprom and Putin feel about that ?

OPEC "stabilize" and "balance" the market is a hoax. World has been duped.

 

Edited by SKEP

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Hopefully that will translate to lower oil prices tomorrow.  LOL.  

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48 minutes ago, SKEP said:

We've been conned.  No production cut by Saudis. 

Now they want U.S. to cut production. Will the U.S. ever learn.  Always playing the fool. 

Just like U.S. paying $100 MILION+ to protect shipping lanes so Mideast can ship oil to China and All Asia.

Ten Million bbls/day the same as 2018..

Every oil analyst and Investment Bank accepted this falsehood. All analyst told us about "tight" supply.  Brent price ran to mid $80s. Do you think they believed that or were they just brown nosing Saudis.

TEN MILLION BARRELS DAY

How do you think Rosneft, Gazprom and Putin feel about that ?

OPEC "stabilize" and "balance" the market is a hoax. World has been duped.

 

The USA will yield as usual big talk until the dookie hits the fan.

Unfortunately POTUS has yielded to the The Big Red Machine as the tariffs are definitely affecting the US economy also, and he apparently believes in Santa 🎅 Claus also!!!

I really thought Trump could handle China 🇨🇳 But apparently not and he’s fallen out with Steve Bannon.

Caddyshack all over again.....Cannonball Coming.

  • Haha 1

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