Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
kleinbl00 · 1802 days ago · link · · parent · post: Saudi Arabia Stuns World With Massive Discount In Oil Sold To Asia, Europe And U.S.
And so it begins: Scott Minerd, Guggenheim InvestmentsWho could predict the exact chain of events set off by the coronavirus that leads us to the circumstances that we face today? Besides the public health and economic crisis, would anyone have considered that this would also turn into a geopolitical crisis? Russia is attempting to use this critical moment to its own advantage, and the collapse of the Russian-OPEC alliance—precipitated by Russia’s goal of killing off the U.S. shale industry—has turned into an all-out price war that is causing chaos in the energy markets.