• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 days Does Toyota Know Something That We Don’t?
  • 4 days America should go after China but it should be done in a wise way.
  • 13 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 10 days World could get rid of Putin and Russia but nobody is bold enough
  • 12 days China is using Chinese Names of Cities on their Border with Russia.
  • 2 hours How Far Have We Really Gotten With Alternative Energy
  • 14 hours The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 2 days Even Shell Agrees with Climate Change!
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 12 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
Editorial Dept

Editorial Dept

More Info

The War That Won’t Happen & The War That Already Is

Even with dissident Iranian sources providing a form of confirmation that the Iranian leadership ordered the September 14th attack on Saudi oil facilities, there will be no war. The Saudi Crown Prince, MBS, has made that clear, calling for a political solution. A war, after all, would preclude an Aramco IPO that is now in full force, with the latest enticement to potentially skeptical investors being the oil giant’s promise to pay out a total annual dividend of $75 billion--up from the some $58 billion that Aramco paid the Saudi government in dividends last year. Riyadh has also moved to re-risk a bit over Aramco’s royalty payments, lowering royalties when oil falls below $70, but increasing royalties when oil is above that mark.

The dividend pledge comes after some more bad news for the Kingdom with Fitch’s downgrade of Saudi Arabia’s sovereign credit grade from A+ to A on fears it could be drawn into a deeper conflict, either with Iran or with its own allies.

The Saudi Crown Prince took to the airwaves this week to warn the world that if Iran isn’t deterred (preferably through a political, not military, solution) oil supplies will be further disrupted and oil prices will be “unimaginably high”.

That said, oil prices at this point aren’t even responding to Iran--they’re responding to macro-economic data, and particularly to demand fears over the US-China trade war. Those fears have been further exacerbated…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News