3 thoughts on “Family values if you’re Saudi Royalty

  1. Ka-Ching says:

    “Oil Prices Could Double If Middle East Conflict Escalates” (OilPrice.com 11/16/17) https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Could-Double-If-Middle-East-Conflict-Escalates.html “Barrel traders recently pushed the price of West Texas Intermediate (WTI) oil above $US 55; the first time in over two years. Scarcity doesn’t really justify the upward price movement. There isn’t a shortage of oil in the world. But there could be, in the worst case, if missiles start flying between two of the world’s largest oil players: Saudi Arabia and Iran.
    Maybe it won’t happen. But maybe it will. And that’s what the “geopolitical risk premium” is all about. It’s an anxiety surcharge that’s tacked onto every barrel of oil, in fear of supply disruption on a moment’s notice. And the fear is back. After three years of naivety we’re back to acknowledging the known unknowns of the Middle East, the uncertainties that strap a 10-to-20 percent premium on the price of a barrel.”
    See also “The War That Would Transform Oil Markets” https://oilprice.com/Geopolitics/International/The-War-That-Would-Transform-Oil-Markets.html “Most of the political risk has been smaller-scale,” Michael Lynch, president of Strategic Energy & Economic Research, told Bloomberg. “But when you start talking Saudi Arabia and Iran, that gets people’s animal spirits flowing.”

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