Can We Expect An Oil Price Spike In November? --- or worse?

litesong · Apr 10, 2020

Carcus said: ↑

So,.. much like when China goes "all in" with the Paris accord, crashes coal prices then buys up all the coal stocks (then procedes to build coal fired power plants like mad). Saudi Arabia has threatened the 'sickened' market with a flood of oil (a lie -- it actually doesn't have the capacity from its aging fields), .. this crashes the oil market and ... guess what?

Saudi Arabia Is Buying Up European Oil Majors
"The Saudi sovereign wealth fund has bought stakes worth a combined $1 billion in four European oil majors: Shell, Total, Eni, and Equinor, the Wall Street Journal reported citing unnamed people in the know."
https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Is-Buying-Up-European-Oil-Majors.html

/isn't that market manipulation? isn't that supposed to be illegal? --- not if you do it 'right', I guess
Click to expand...

Yeah AND now the oil producers agree to cut production. In truth, the right hand knows what the left hand is doing.

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Can We Expect An Oil Price Spike In November? --- or worse?

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Can We Expect An Oil Price Spike In November? --- or worse?

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