We are not being told the truth. Saudi Arabia is about to fall. The Houthis have knocked out most of Saudi oil production and refining. As well, they've just shot down a Saudi F-15, using a missile they modified to being surface to air.
Saudi Arabia's Aramco has notified European customers that deliveries may be suspended from late September. This will cause a fuel crisis as Russian oil has been blocked too, partly as a result of war, but also as a result of sanctions, which I said at the time was an act of self-harm.
The entire world is affected by this development; the US imports critical supplies from Europe, and now these may not arrive, while Saudi oil also heads to the Far East and this will be choked off as well. Can it get any worse?
Oil production in Africa is ramping up, and Venezuelan flows may return, both of which may reclaim some supply, but globally, the World is in deep trouble right now. What we are looking at, potentially, is a Depression of the late 1920's kind. The problem is, the current leadership in every country is completely hopeless and incompetent beyond belief.
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