How Mike Pompeo Sparked the Oil Collapse and Changed Russian and Saudi Politics
When Secretary of State Mike Pompeo met the President of Belarus on February 2nd (the first SecState visit in 28 years) and offered him unlimited energy supplies at a “fair market price,” I believe this statement initiated the collapse in crude oil prices. His offer to a former Soviet vassal state leader forced Russia into a cooperative relationship with Saudi Arabia to drive the US shale oil producers out of business because Russia is a vast land power with enormous borders and uses energy supplies to influence its neighbors - it needs to maintain this leverage. Saudi would benefit from higher energy prices for its newly public company, Aramco, the largest listing of all time. www.macroESG.com #macroESG @macroesg #macroesg #esg #globalmacro #globalpowerdynamics --- Send in a voice message: https://anchor.fm/macro-esg/message