Will the IPO of Aramco Mean the End of OPEC?

Of course it will. Truth be told, when was the last time The House of Saud gave two shits about what the other members had to say? They’ve been driving the oil price into the dirt, because of the fact that Aramco has 10x the proven crude reserves than Exxon Mobile. They have staying power.

When Aramco ipo’s, and if they include the upstream business, we might very well see OPEC nations leave the union. It’s a huge crock of shit. It’s just a matter of formality now, which will soon end once The House of Saud whores its oil business to the world during desperate times.