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wysimdnwyg

(2,267 posts)

6. This is spot-on.

Reply to keithbvadu2 (Reply #2)

Sun Nov 3, 2019, 11:30 AM

Nov 2019

Excellent analysis of what many people are just starting to understand. While oil companies have been ridiculously profitable in the past, every indication is that those days will end very soon - possibly as soon as a Democrat next enters the White House. The Saudi royals are getting out after robbing their people of most of their natural resources, and now they plan to skim the last of the profits from their oil companies by selling them off before the coming crash.

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Highlight:

Saudi Aramco I.P.O. Is Announced [View all] BumRushDaShow Nov 2019 OP

Fuck saudi arabia and their 911 killers. pwb Nov 2019 #1

if oil is such a good investment, why is saudi arabia divesting by reducing its risk and selling of keithbvadu2 Nov 2019 #2

That political cartoon should have included BumRushDaShow Nov 2019 #3

This is spot-on. wysimdnwyg Nov 2019 #6

Oil Roy Rolling Nov 2019 #4

Doesn't Saudi have an alliance with Royal Dutch Shell Maggiemayhem Nov 2019 #5

They're selling because Ghawar is near depletion. roamer65 Nov 2019 #7

Oh fucking yippie.............maybe JP Morgan and other firms can do what they did in Russia........ turbinetree Nov 2019 #8