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comment by kleinbl00
kleinbl00  ·  2435 days ago  ·  link  ·    ·  parent  ·  post: The Decline of the Petrodollar

Yeah that fucked Saudi Arabia, Russia and Venezuela. Meanwhile, shale oil extraction is a lot less stationary; you can turn the rigs off, let 'em sit, liquidate 'em, refurbish 'em and deploy 'em at a whole new shale field when the price is high enough again.





b_b  ·  2435 days ago  ·  link  ·  

I read recently that they're considering now accelerating the timeframe for the Aramco IPO. MBS needs another $400,000,000 estate pretty badly, it seems.