RIYADH ,OPEC AND MOSCOW WANT LOW OIL PRICE, NOT HIGH OIL PRICE
TWTTER THREAD HERE WITH 18 TWEETS SUPPLY CHAINS VS ENERGY Let me explain this again, here's another #krisonomics lecture for free. 1/ You've heard that OPEC wants $100 oil. That is false. It's Shadow Banking which wants $100 and higher oil, not OPEC. After all, It was Saudis who dumped dark inventory oil in March 2020 to send it to negative price. 2/ That is why OPEC from time to time sends out notices saying that oil price is really not controlled by them, but they don't mention who controls it. (Hint, it's shadow banking). 3/ The reason is very simple, and Saudis/Opec know it quite well. FIRST, PEOPLE, PLEASE STOP THINKING LINEARY. Nothing is linear in real life. 4/ The difference between $50 oil and $100 oil is NOT the mathematical 50%. The effect is 500%, it is 1000% effect on supply chains. Saudis know this, that is why they keep dumping dark inventory periodically. But, why? What do Saudis know? 5/ Except for Canada and Norway, all other major oil suppliers b