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Arkitekt posted an update 9 years, 11 months ago
This has got to hurt, China is switching Oil imports from Saudi to Russia. I do get the impression that the House of Saud must be under great pressure financially not least with stories of their US treasuries being locked up in in the exchange stabilisation fund. A nice way of saying confiscated and therefore protecting the US Dollar from US treasury dumping by the House of Saud, which, if I recall correctly is something they have recently (april 2016) threatened to do over the famous censored 28, 9/11, pages.) They have also been caught using UK made cluster bombs in Yemen.(questions are being asked in UK Parliment but “naught will come of it”) I think those who suggest that the House of Saud’s Yemen adventure is a means to take over some much needed Oil reserves have a point. An expensive operation and if no one buys the oil or its too cheap, it will not do them much good. https://www.rt.com/business/344060-china-russia-oil-imports/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
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Great observation, especially as regards the ESF!!