Anyone who's been to that part of the world will realise that Saudi Arabia has nothing but sand and oil.
Sure there are a lot of big buildings, but where did that come from, oil money. No other things, no industry, no resource to speak of except oil. What happens when oil $ goes down? How are they going to pay the fat cats, including supporting the royals' life style? Their military forces? Oh, I forgot there are plenty of palm products.
The Saudis had it too good for too long. It's time they get taught a lesson.
On the other hand, if the oil industry in Australia and America and other parts of the world go down, there are plenty of others to take it's place. As a matter of fact, if oil is low low low, the other industry will be going up and up cause of low transport cost, energy cost etc. OF COURSE NOT TO MENTION CHEAP RIGS FOR FAR, well fancy that, just in time for the next high oil $ cycle.
So guys, 6,7 weeks is not that long now! Also, don't get sucked in, the depressed SP could very well be engineered by people who wants in. Like that Oil Investment Co (from memory) that was posted here!
JIMHO.
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Price($) | Vol. | No. |
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