Hmm, I wonder what the Saudi burn rate is on their cash in hand? Any market holdings they have took a hit lately, and they’ve got a restive population that is used to getting lots of subsidies. They can probably burn off a $300-$400 billion before things get really tight.
We need a new version of a Beatles hit....
Glass Donut.
Interesting article, this is. My money is on the longtime accuracy of Peter Schork. He said on Fox Business yesterday that he saw (in no specific time range) that ta crude would go to $9 or less. He is usually correct, and ahead of the curve. http://www.schorkreport.com/
Gwjack