Activity – Linda Thomas – The Giza Forum (Legacy)

Linda Thomas posted an update 6 years, 1 month ago

Love to hear any comment on the Saudi soap opera going on.
- Ronin replied 6 years, 1 month ago
  
  Saudi is playing games and weak ones at that. Russia is now in full control of the oil markets. The Saudis will be limited to weeks-months at these smashed prices. Putin has announced that Russia can sustain $20/barrel for the next 10yrs. Things are going full tilt. Buckle up.
  
  My guess, the Saudis are between a rock and a hard place. One one side, they’re being pressured to continue settlements in USD while on the other side, Russia is essentially smoking them out. How long can they hold their breath?
  - justawhoaman replied 6 years, 1 month ago
    
    And meanwhile, they will be hammering the US energy sector, especially the small producers who will simply back off their leases and wait it out.
  - Linda Thomas replied 6 years, 1 month ago
    
    Thanks but wtf? Why anger the 2222.sr IPO buyers weren’t they mostly like insiders? I’m not getting it. Is this MBS person actually in charge? The energy minister came out and said the pricing was being done by the government . And throw in this last coup attempt. Is this related to the US election? No body I know has a clue and we are right in the middle of it.
    and to justawoman above, many small producers cant “wait it out” look what happened in2014 but thank you for your comment.