With the passing away of King Abdullah bin Abdul Aziz, oil prices jumped. The new King Salman bin Abdul Aziz , would be in the know of and privy to the extant Saudi Oil strategy and hence there is likely to be continuity.
Given that USA has modelled itself as a resource rich country, oil supply taps are ever ready to run than before and Iran and Iraq and Libya are all just waiting to sell to develop. So the jump in oil prices seems just a momentary reaction.
Views Expressed without risk or responsibility
Given that USA has modelled itself as a resource rich country, oil supply taps are ever ready to run than before and Iran and Iraq and Libya are all just waiting to sell to develop. So the jump in oil prices seems just a momentary reaction.
Views Expressed without risk or responsibility
No comments:
Post a Comment