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The decoupling of US & Saudi Arabian ties will send oil prices sky high.
The decoupling of US & Saudi Arabian ties would put an end to cheap abundant energy. We've been buying middle east oil for years as America is the only country that can just print money and trade for oil as Oil is pegged to USD.
We played into the hands of Russia by turning up the heat on the Saudis and the 2 million BOPD cut tells how the new admin is with foreign relations.
This middle east disconnect has set the ground floor for $80+ oil. We might see short weeks of $65 in the event of major economic decline but not for long as OPEC+ are in the drivers seat due to lack of spare capacity thanks to the US American Shale decline!
Now, OPEC+ is in position to have the capability to cut America from OIL which would then cause WTI Oil Prices to hit levels we've never seen while the rest of the world pays less.
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
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Shale Oil Article : https://ieefa.org/articles/ieefa-update-fracking-companies-2019-performance-signals-ongoing-crisis
#oil #oilnews #opec #peakoil #kingdomexploration #oilandgas #oilprices #seanpruitt
00:00 Introduction
00:34 How have Oil Analyst Got it So Wrong?
02:07 Oil Price Prediction : Saudi Broken Ties set the floor for $80+ Oil
03:41 OPEC+ has been put in control of oil prices!
04:47 Why is Shale Fracking un-reliable for our future energy needs?
06:41 Saudi Arabia is breaking Ties with America
09:22 American Oil & Gas is being destroyed due to 3 reasons. Laws, Rhetoric & Shale Oil low profits.
11:42 The Decoupling of US & Saudi Arabia will cause oil prices to remain high!
13:06 Biden has to make an example of Saudi Arabia in order to please his base
13:55 WTI Local Oil Prices will be higher than BRENT CRUDE % Others
14:10 PETRO Dollar is being reduced as Saudi Pulls Away
15:08 If US cuts off Weapon sales to Saudi's, They will strengthen their ties with China, Russia BRICS SCO
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