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Drone strikes knock out half of Saudi oil capacity, 5 million barrels a day


2 posted on 09/14/2019 3:14:28 PM PDT by McGruff
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To: McGruff

The business media claims that oil prices will go up as a result of this.

I don’t believe that. Raw material (crude) should drop, but refined products (gasoline, diesel, etc) should go up. Unaffected refineries will get a bump, IMHO, such as Valero, Phillips 66, and Marathon.

You heard it here, and its worth what you paid for it.


4 posted on 09/14/2019 3:20:38 PM PDT by Pearls Before Swine
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