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trent3727

6,280 Posts.

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29/03/20

14:06

Post #: 43758823
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Originally posted by Squidfingerz: ↑

Variable Import Fee.
I like it as it is solely up to OPEC whether they want themselves to be profitable.
Consumer happy with say $50 (including $20 VIF at around $30 WTI) so consumer really pays $30
Makes US onshore a huge potential storer and with very scalable domestic consumption.
MbS pays for it or backpedals.

not sure if this news is true, but MbS can't be winning friends...

https://www.aljazeera.com/news/2020/03/rockets-intercepted-saudi-capital-riyadh-jazan-report-200328212702883.html

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And as usual when the price of oil dips missiles are launched, why am i not surprised ?
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