Energy Investing - Flush With Cash, Saudi Prince Snubs Biden and Sends a Message - Energy Investing - InvestorVillage


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Msg  369913 of 371404  at  11/24/2021 6:30:44 PM  by

ghmndod


 In response to msg 369897 by  StillPoor
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Re: Flush With Cash, Saudi Prince Snubs Biden and Sends a Message

SA is allied with Russia. China is their largest customer. Asia is their customer with the most growth, the US the least. OPEC+ will slow their 400m per month growth and may eliminate them. 400m comes out to 12mm bbl. per month. They have the incentive to stop their supply growth. The only members of their group that can increase supply to any degree is SA, Russia, UAE, Iraq and Kuwait. That supply is limited. With the West on a kamikaze path to stop using carbon energy this group believes why sell our oil cheaply. Let the SPRs drain and see how that works. They are very aware that the math and physics of green energy and EVs is a fools plan. Germany and whatever other Western country can state by year 2030 or 2035 they will be 80% carbon free will not happen with wind and solar along with the abandonment of nuclear. There is not enough sunlight nor wind, that has already been proven. SA also is very aware that under this administration any threat is worthless. The US will not fight its way under Biden out of a paper bag.

Get ready for higher oil prices, the sides have already joined up.


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