Wednesday, March 31, 2021

Translation: Texas is over producing oil

Saudi press accuses US of supporting terrorism, abusing human rights

Texas has not joined OPEC and is not likely to. The Saudis want oil at 70, their minimum. Bu that triggers the Texas frackers.  Texas is the new OPEC on the block.


The Texans are backed by Congress who is willing to suffer ten year yields of two percent, keeping the dollar high and oil cheap.

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