Saudi Oil Policy Uncertainty Unleashes The Conspiracy Theorists -- Reuters
* Market debates if Saudis will no longer defend oil prices
* Private briefings, long Naimi silence puzzle OPEC experts
* Conspiracy theories abound about what Riyadh is up to
LONDON, Nov 18 (Reuters) - If Saudi Oil Minister Ali al Naimi wants to stop conspiracy theories spreading before a crucial OPEC meeting next week, it's too late.
Naimi's intervention last week after a two-month silence failed to address a question energy markets want answered: is the OPEC leader no longer willing to defend oil prices which have dived by a third to their lowest since 2010, and is it pursuing new commercial or even geopolitical goals?
Despite Naimi's insistance that Riyadh wants stable markets, diplomatic and market sources say Saudi officials told recent private briefings that the kingdom can live for some time with current, or even lower, levels.
Read more ....
My Comment: The truth is out there .... maybe. :)
Update: This is interesting .... a minute after I posted the above story to be published at 7:00 EST .... I received an email from someone that I do not know who provided me this link.
Hmmmm .... I smell a conspiracy at work.
:))
Thanks Daniel for the link. I heard what happened in Siberia but no one has come forward with an explanation. But if I was to hazard a guess .... I would say an exploding meteor .... maybe.
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