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11/11/19
14:32
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Interesting article
Highlights
- Aramco facility attack cause a minor POO blip and the world returned to norma.
- The US fraccing production surge is good for Asia (POO would have been $10-50 US more). So wealth transfer from ME to Asia/US
- Arab countries with large social programs need ~$95US a barrel to balance their budget
- Oil geopolitics are upended since the US is not held ransom by OPEC
https://wattsupwiththat.com/2019/11/10/__trashed-11/