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BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 4:11 am
(This post was last modified: March 9, 2020 at 4:13 am by WinterHold.)
MBS snapped and decided to hit Putin this time:
https://edition.cnn.com/2020/03/08/inves...index.html
Quote:Oil crashes by most since 1991 as Saudi Arabia launches price war
The world is paying for letting this maniac walk after all his previous crimes.
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 4:27 am
That, coupled with crashing stock markets, should do it. The global recession is here. Not 'if'. Not 'when'. NOW.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 4:39 am
(March 9, 2020 at 4:27 am)BrianSoddingBoru4 Wrote: That, coupled with crashing stock markets, should do it. The global recession is here. Not 'if'. Not 'when'. NOW.
Boru
https://www.cnbc.com/2020/03/09/european...lumps.html
Quote:European shares fall 6.5% and Italian stocks fail to trade; BP tanks 24% as oil prices crash
Now that was quick !
Yes; global recession indeed
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 4:55 am
(March 9, 2020 at 4:39 am)WinterHold Wrote: (March 9, 2020 at 4:27 am)BrianSoddingBoru4 Wrote: That, coupled with crashing stock markets, should do it. The global recession is here. Not 'if'. Not 'when'. NOW.
Boru
https://www.cnbc.com/2020/03/09/european...lumps.html
Quote:European shares fall 6.5% and Italian stocks fail to trade; BP tanks 24% as oil prices crash
Now that was quick !
Yes; global recession indeed
Not sure you can blame it all on MBS, though. Flooding the market is a pretty common tactic to regain market share.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 5:26 am
(This post was last modified: March 9, 2020 at 5:59 am by WinterHold.)
(March 9, 2020 at 4:55 am)BrianSoddingBoru4 Wrote: (March 9, 2020 at 4:39 am)WinterHold Wrote: https://www.cnbc.com/2020/03/09/european...lumps.html
Now that was quick !
Yes; global recession indeed
Not sure you can blame it all on MBS, though. Flooding the market is a pretty common tactic to regain market share.
Boru
Russia seemed quite determined to hit the American shale oil industry, but Saudi Arabia could've at least invest in Russia and try to win Putin instead of turning into a puppet of the U.S.
Maybe Putin wouldn't had decided to take the scorched earth tactic regarding its place in OPEC.
Truth be told: Putin might be a dick, but MBS is a Trump-puppet psychopath. I don't see them work together.
Maybe even invest in Russia so Putin might stop some of his massacres against Muslims in Syria?
That way they could've persuade him, they have a lot of money to do that -instead of burning civilians with it in Yemen-
https://www.cnbc.com/2020/03/08/putin-sp...ctims.html
Quote:It was only three weeks ago that the Trump administration imposed sanctions on Russian oil giant Rosneft for transporting Venezuelan oil. Secretary of State Mike Pompeo believes that in helping Venezuela sell oil, Russia is effectively propping up the Maduro regime. Rosneft is run by Igor Sechin, a former employee and close friend of Putin.
Connect the dots. Putin reacting to Trump. The Saudis, led by Energy Minister and son of the king Abdulaziz bin Salman, reacting to Putin. And American oil and gas workers and investors are caught in the middle of this epic ego battle.
ooooh, I should've known that the puppet MBS will never act before his boss Trump orders him to do so.
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 4:46 pm
I don't understand why, if Trump was responsible for making the stock market good, he has now decided to make it bad?
teachings of the Bible are so muddled and self-contradictory that it was possible for Christians to happily burn heretics alive for five long centuries. It was even possible for the most venerated patriarchs of the Church, like St. Augustine and St. Thomas Aquinas, to conclude that heretics should be tortured (Augustine) or killed outright (Aquinas). Martin Luther and John Calvin advocated the wholesale murder of heretics, apostates, Jews, and witches. - Sam Harris, "Letter To A Christian Nation"
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 5:30 pm
(March 9, 2020 at 4:46 pm)Fake Messiah Wrote: I don't understand why, if Trump was responsible for making the stock market good, he has now decided to make it bad?
In all fairness, that's what leaders do - take credit for the pluses, and blame the minuses on the opposition.
Political leaders - if they had the sense Bog gave a goose - would be more careful about taking credit for things over which they have no control.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 6:41 pm
(March 9, 2020 at 5:30 pm)BrianSoddingBoru4 Wrote: (March 9, 2020 at 4:46 pm)Fake Messiah Wrote: I don't understand why, if Trump was responsible for making the stock market good, he has now decided to make it bad?
In all fairness, that's what leaders do - take credit for the pluses, and blame the minuses on the opposition.
Political leaders - if they had the sense Bog gave a goose - would be more careful about taking credit for things over which they have no control.
Boru
No, MBS is a mad, crazy motherfucker. His brain is not stable, you can't call him a political leader like Putin, he is a child with a brain damage that took control of a country full of oil.
Stop picturing this as "a normal thing" or else you won't understand this disaster MBS caused.
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 6:45 pm
(March 9, 2020 at 6:41 pm)WinterHold Wrote: (March 9, 2020 at 5:30 pm)BrianSoddingBoru4 Wrote: In all fairness, that's what leaders do - take credit for the pluses, and blame the minuses on the opposition.
Political leaders - if they had the sense Bog gave a goose - would be more careful about taking credit for things over which they have no control.
Boru
No, MBS is a mad, crazy motherfucker. His brain is not stable, you can't call him a political leader like Putin, he is a child with a brain damage that took control of a country full of oil.
Stop picturing this as "a normal thing" or else you won't understand this disaster MBS caused.
Yeah, I wasn’t talking about MBS. I was talking about Trump which, if you had the reading comprehension of a brain-damaged hedgehog, you would have picked up on.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
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RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
March 9, 2020 at 7:11 pm
A recession requires three quarters of slow or no growth. I mentioned this to my brother when he said "Obama's Recession!" in Dec. 2008.
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