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Alden MacArthur's avatar

great story. Kevin this is something you know I have always thought of as a possibility the Saudi’s depegging. What happens if DT turns away their oil tankers headed our way and/ or bails out the frackers. Read a couple of ME papers and like the general press the current oil situation is temporary. I would agree but like the clowns in Washington how long will it take to resolve the issue. I don’t have any expertise in oil/gas but from what I have read low oil prices are here too stay. So I am MBS and feeling the heat, what options do I have. Issue more debt or depegging and blame the western infidels . Long shot but SA is going to have to eventually have depeg if the $ maintains its strength and you continued depressed oil prices. Read an article SA debt/ GDP is expected to rise from 30 to 50% this year

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Kevin Muir's avatar

It's definitely ugly out there for all oil producers - including your northern friends. :)

I worry that desperate times make desperate people do desperate things.

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