Monday, November 10, 2014

Saudi’s try to play both sides of the fence in new oil pricing scheme

One thing that nearly every analyst needs to remember when dealing with the Saudi Kingdom is that no matter their alliances, the Saudi’s play their own game.  And while they have stood with the U.S. for more than 40 years in the 1973 petro-dollar agreement that has made the House of Saud multi-billionaires and allowed America to dominate global finance, even the Western power is at risk of being turned upon should the global game of oil pricing fail to meet the Arab Kingdom’s agenda.

Which is why a new oil pricing scheme instituted by the Saudi’s on Nov. 2 speaks volumes as to the length that Middle Eastern oil producer will go to protect their own interests, even to the detriment of U.S. energy companies.



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