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:

dont worry this will end well

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.

Cale Smith

About Cale Smith

Portfolio Manager at Islamorada Investment Management.
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