Oil Remains Cheap, and Petrostates Remain Screwed

According to Reuters: Oil fell to its lowest since late November on Thursday, as concern over rising global supply and stubbornly high inventories effectively wiped out most of the gains made since OPEC announced its first supply cut in eight years. Brent crude oil remained below $50 - a price level that is catastrophic for … Continue reading Oil Remains Cheap, and Petrostates Remain Screwed

The (Saudi) King is Dead; Long Live the King (Or: The Many Challenges For King Salman)

First, a Lion King reference.  Now, to serious business. What's it mean to be a king?  Our popular image is of some bro, richly dressed, sitting on a fancy throne, throwing edicts left and right and being waited on hand and foot.  Most importantly, we believe a king can do as he likes; he's the … Continue reading The (Saudi) King is Dead; Long Live the King (Or: The Many Challenges For King Salman)