This Week’s Sign We Are Sleepwalking Into a Supply Crunch (#9)

From the front page of the online NY Times today, a glimpse of the most important man in world oil markets today:

Emphasis mine.

Here is the entire NYT article on Prince Mohammed bin Salman, in which you will learn that said yacht was an impulse buy, even. And that a certain number of Saudi citizens so dislike the royal family that in 2009, Crown Prince bin Nayef was almost assassinated by, ahem, “a jihadist who detonated a bomb he had hidden in his rectum.”

Read into this whatever you will about the stability of the House of Saud – and, by extension, future oil prices.

But perhaps that caption above may already tell us everything we need to know.