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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.09

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Nov 6 4:00 PM EST

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To: TobagoJack who wrote (154800)	3/20/2020 7:18:40 PM
From: sense	Read Replies (2) of 217554

Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail Just as a point of order... In 1973 the United States, by OPEC (and thus Saudi Arabia), with the help of Henry Kissinger, was subjected to Oil-Price Blackmail... an event which also signified both the birth of the petro-dollar, and a shift by the U.S. to participate in the legitimization of OPEC's monopoly control of oil prices. That situation defines "oil price blackmail"... because one party controlled both the oil and the prices, while the other party controlled only a choice of behaviors that satisfied, or did not satisfy, the behavior demanded by producers of oil at some variable in a price for delivery that they controlled. Today... Russia is not a consumer of Saudi oil... thus making them NOT subject to oil price blackmail... Instead, Russia is a PRODUCER of oil... engaged in a market price dispute with another producer... making the conflict between them NOT "oil price blackmail" but "oil price competition". Got to get the language right, if you want to have any hope to get the ideas right... ?

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