That sinking feeling continues on OIL

The canary is dead – I have written before about how to lose money with oil.

It will only get worse. All oil exporters are now seeing the red line for what it is – reality has hit the balance sheet and borrowings to cover the real deficit on the current account have increased in earnest.

image

This will not end well.

Regime change the answer?

Looks like we might find out shortly with the House of Saud.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s