I’m head-over-heels in love with Rush since Sacramento —some of my UCD profs were buddies with Rush. And Rush is 100% correct about the Supply/Demand effects he’s pointing out here.
But my understanding is that mainly the Saudis want to screw Russia, Iran, and Syria much, much more than they want to screw over USA frackers —Thackney here is our resident, consummate expert, and he has made lots of postings about this:
Everybody on our team is going to want to say the target is US, and it’s actually baddies in the M.E. whom the Saudis want to screw over, and it’s all about Saudi fears of immediate regional security.
I was surprised also to read this.
Rush here also errs in equating Fracking and drilling (”same thing”) and those are not at all the same thing —fracking only occurs *after* drilling.
But again, I’m nuts about Rush.
I used to rollerblade in the parking lot adjacent to where he first started broadcasting in Sacramento, next to the UFO-dome theaters, across from the Sacto fairgrounds.
He did not mean they were the same thing, only that they produced the same result, he knows the difference.