The Saudis may know something about oil the rest of us don’t

There have been many extreme predictions relating to oil, from the “peak oil” theory that goes back decades to the bottomless oil some analysts now think producers can churn out indefinitely, on account of fracking and other new technology. If there’s one constant, it’s that forecasters tend to be terrible at predicting what will happen to the price and suppy of oil.

So it might be shrewder to consider a range of scenarios that could explain the Saudis’ willingness to sell a stake in Aramco. Weatherley-White sees three…

Article written by Rick Newman, published on Yahoo Finance.