Oil might not climb back over $50 a Barrel…EVER!!!… and Saudis know it very well… that’s why they are pumping every single drop of oil while people are willing to pay for it. All of you must be aware of the fact that what Sheikh Ahmed Zaki Yamani, former oil minister of Saudi Arabia, said in 2000 “The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end not because we have a lack of oil.“… but this is only the last half which was publicized of what he had said…the first half was almost unbelievable 15 yrs ago so it was left out… the full statement is “Thirty years from now (2030) there will be a huge amount of oil – and no buyers. Oil will be left in the ground. The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end not because we have a lack of oil.”… he has 15 more years to reach the target date of 2030… probably he did not expect Shale Oil to be explored and to come to the market so soon.
He was speaking with information that… Continue reading