The SA oil fields have been drying up for years, the ratio of oil vs water is changing in the wrong direction, there has been a cover up going on to conceal this from their investors. They need to diversify.
They are seeing the merit of the gold ruble and trying to store wealth as gold.
When they got down to the nitty gritty they saw how much the refiners take and decided to get around that. The amount refiners reserve is unreasonable but customary in the field.
So the Saudis care how much something costs all the sudden.
Is their oil market about to die off??
The SA oil fields have been drying up for years, the ratio of oil vs water is changing in the wrong direction, there has been a cover up going on to conceal this from their investors. They need to diversify.
Saudi will go the way of Russia and want gold for oil not USA federal funny money. Horray
Hell, I don't want USA funny money either. Food, housing, firewood, and ammo are the new currency.
Isn’t SA the first cabal leg to fall? They are also against Brandon big time.
They are seeing the merit of the gold ruble and trying to store wealth as gold.
When they got down to the nitty gritty they saw how much the refiners take and decided to get around that. The amount refiners reserve is unreasonable but customary in the field.