I read somewhere that increased oil exports
from the US are a great concern to the Shieks of Saudi/?They don't
want competition
A major export on a million-barrel tanker
recently sailed from Valdez, Alaska to South Korea. (A million
Barrel!)The first major export in over 10 years according to Byron
King '(Saudi's price cut announcement came a few days later.
Coincidence?)'
Big macro problems for oil:
Oil
Posted by a_l_ on 14th of Oct 2014 at 03:33 pm
Big macro problems for oil: global growth slowing + deflation + rising supplies + OPEC talking it lower all at the same time.
Title: Might the Saudi
Posted by saturn6 on 14th of Oct 2014 at 03:40 pm
I read somewhere that increased oil exports from the US are a great concern to the Shieks of Saudi/?They don't want competition
A major export on a million-barrel tanker recently sailed from Valdez, Alaska to South Korea. (A million Barrel!)The first major export in over 10 years according to Byron King '(Saudi's price cut announcement came a few days later. Coincidence?)'
Yes, they want margins squeezed
Posted by a_l_ on 14th of Oct 2014 at 03:42 pm
Yes, they want margins squeezed on shale operators.