27 Apr
2020
27 Apr
'20
12:41 p.m.
Another consequence of present circumstances: With Crude at $20 Mohammed Bin Salman Is About to Find Out What Happens When the World No Longer Needs His Oil https://www.anti-empire.com/with-crude-at-20-mohammed-bin-salman-is-about-to... .. Mohammed bin Salman can see for himself just how big a mistake that call was. The price of oil has collapsed, storage will rapidly run out, and oil companies face the real prospect of having to cap wells. The oil and gas sector accounts for up to 50 percent of the kingdom’s gross domestic product and 70 percent of its export earnings. This has just disappeared. .. So where you can, count your blessings, prepare for nationalism to take serious strides, make hay.