This article appeared online at TheNewAmerican.com on Wednesday, October 19, 2016:
Oil ministers from Saudi Arabia have been traveling the world doing investment “roadshows” to promote their $10-billion bond offering that hits the markets this week. In so doing, they must disclose the risks investors could be taking, and then price the bonds according to those risks.
The Saudis appear to be paying the price for losing their bet about American oil producers. In November 2014 they made a massive wager that they could