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posted ago by charmed1 ago by charmed1 +268 / -0

I think back to Bill Maher's comment after Trump's election, that he wished the US economy would tank in order to force Trump out. The fight between globalism and nationalism is real, trillions of dollars and personal power are at stake. I wouldn't be surprised if all this is planned. Biowarfare extended to economic warfare...

But have no doubt Trump will prevail.

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charmed1 [S] 1 point ago +1 / -0

It looks like they dropped prices and increased output..in a reversal of policy

https://www.npr.org/2020/03/08/813439501/saudi-arabia-stuns-world-with-massive-discount-in-oil-sold-to-asia-europe-and-u-

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DisgustedByMisleadia 2 points ago +2 / -0

Interesting. I first thought that contradicted the article I cited, but now I see that it's ambiguous. Consider this:

Prices fell into the $30s as the Saudis push for a cut in output to prop up prices, while Russia went the other way, and decided to infuse the market with hundreds of thousands of barrels of oil, according to The Washington Post.

vs.

Prices fell into the $30s as the Saudis push for a cut in output to prop up prices, while Russia went the other way and decided to infuse the market with hundreds of thousands of barrels of oil, according to The Washington Post.

The first one is as it was published by DC. In the second, I only removed one comma, after other way. In the second, it's now clear it was Russia, and that's how I interpreted it. With the comma intact, it's ambiguous.

The Washington ComPost article is behind a paywall, so I can't see what they actually published. But, this article makes it clear it was the Saudi's:

https://www.cnn.com/2020/03/09/business/oil-price-crash-explainer/index.html

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charmed1 [S] 1 point ago +1 / -0

What I heard on Rush today...Saudis were pushing for the first, but Russia wouldn't go along so they fought back by dropping prices and increasing output. There was a reversal in plans. Russia is fucked.