Tuesday, September 17, 2019

Who Blew Up The Oil Market?

It couldn’t have happened to a nicer oil processing plant. There it was, sitting out in the Saudi desert, processing seven million barrels a day of crude oil, defended by hundreds of billions of dollars’ worth of “made in the USA” weapons systems, and the Yemenis take it out using some drones they knocked together in a bombed-out garage, programmed by somebody’s nerdy AI-whiz nephew. And now, all of a sudden, 8% of global oil production can’t be shipped because until it’s processed it isn’t exactly oil. What happened, who is responsible, and what does it mean for you? Please allow me to lay it all out for you…

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