Why did MbS crash oil? I'm not quite seeing the logic there... any good explainer to read there?
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a useful start--> twitter.com/KS1729/status/
another theory: peak oil demand expected in 2032 before renewables kick in full force. so he wants india/China locked in fixed rate contracts for the long term at significant volumes at a low fixed price--> ft.com/content/8c1758
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if you watched Narcos, season 4 -- then this behind the scenes of OPEC/Saudi vs Russia will seem familiar. Instead of the white fairy, it is the black crude... Fascinating. ft.com/content/c9c3f8
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Shake out / bankrupt more expensive rival producers, regain market share and value of their primary asset while it’s still worth something. Also possibly a power move against Putin.
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not sure about the conclusion, but the explanation for why saudi did seems clear enough.
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Putin did to help avoid Russia's otherwise inevitable demise by attacking US oil while the IS was weak and MBS followed or he risked losing control of his country in the process.








