OIL: $66 | a Global Indicator of Economies & Politics
when oil is above $50 nations are busy producing goods
as the demand for the sweet crude in emerging markets accelerates
the pullback is necessary to maintain cost of production
otherwise it would be expensive for new economies to compete with developed nations
low priced oil means VOLUME play for producers and the middlemen benefits
-
this is also timing for ARAMCO's IPO come 2020 just right to showcase the power of leader
as the demand for the sweet crude in emerging markets accelerates
the pullback is necessary to maintain cost of production
otherwise it would be expensive for new economies to compete with developed nations
low priced oil means VOLUME play for producers and the middlemen benefits
-
this is also timing for ARAMCO's IPO come 2020 just right to showcase the power of leader
Comment:
did it say goodbye to the 70's three times..