Prince Mohammed, the 30 year old in charge of the fucking world, discussed his Kingdom’s position on the current state of oil markets.
“If all major producers don’t freeze production, we will not freeze production,” said Prince Mohammed, 30, who has emerged as Saudi Arabia’s leading economic force. “If we don’t freeze, then we will sell at any opportunity we get.”
Fifteen countries are involved in the Doha negotiations, where the great satans will discuss ways to transfer dollars from west to east. The one wrench in the wheel is Iran. Post Obama friendship, they’re permitted to sell crude on the world markets and they’re doing so with a vengeance of 10,000 Monte Cristos.
Iran has boosted oil production by 600,000 barrels per day this month and have zero regard for Prince Mohammed and his stupid oil freeze scheme.
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Of course his name is Mohammed.
Good catch..twisting the name all up from Muhammed. Crazy kids.
so the drama unfolds, as the Saudi Prince Drops Bomb – “No Deal Without Iran…We Are Selling At Every Opportunity”
guess your, 125% is going to pay off. nice fly
Where is all this Saud and Putin all time high production going? Tankers? Shot in laser beam solar sailed rockets to fucking Mars?
We import it, turn it into lube, then sell it back to them.
It’s all he rage in the ME and the only thing keeping oil above $40.
This one is old flaps and I’ve seen a more recent news piece,they are not stupid. http://www.wsj.com/articles/saudi-plans-to-be-second-largest-exporter-of-refined-oil-products-1424879035
Top notch. This is the Real Fly.
Fly,
I think I have mentioned that I believe Edith Grossman published the best translation of Don Quixote but do you have a preferred edition of the Monte Cristo? As I prepare for a more leisurely life as Braved Flaps, it will soon be time, finally, that I read The Count.
thank god for the boorish bearish
they will all agree to a freeze and then they’ll all pump anyways, therefore, sell the news
This is my feel exactly. Everyone going in has one goal: pump oil, make money. I’m sure that the press releases will make it look like something was accomplished and I expect oil to go up Monday, then fade as the EIA’s data continues to drop reality onto the heads of fools (“unexpected increase in oil stocks”).