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The Saudis Want You To Know They've Got The Biggest Stick
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The Saudis Want You To Know They've Got The Biggest Stick

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The Saudis Want You To Know They've Got The Biggest Stick

Saudi Aramco's CEO wants to make sure you know he thinks now is a good time for a reality check.

From his recent speech:




My friends, the confluence of these four new realities—increasing supplies of oil and gas, the failure of alternatives to gain traction, the inability of economies to foot the bill for expensive energy agendas, and shifting environmental priorities—have turned the terms of the global energy dialogue upside down. Therefore, we must recast our discussion in light of actual conditions rather than wishful thinking.

As DB's recent oil note points out, Brent prices tend to move toward the Saudi's target.

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Its worth reading his entire address. I don't think he'll be selling maps in order to meet margin calls any time soon.

www.southofwallstreet.com



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