This article was published by The McAlvany Intelligence Advisor on Friday, November 18, 2016:
There are at least two problems with Saudi Arabia’s oil minister’s dream as he expressed it on television on Thursday: one, he doesn’t know what he’s talking about, and two, what he does know is wrong.
Mark Twain put it well: “It’s not what you don’t know that kills you. It’s what you know for sure that ain’t true.”
Saudi Arabia’s Energy Minister, Khalid al-Falih (shown), still thinks OPEC can impact the world oil markets the way they were able to just a few short years ago: