The last barrel ///

After more than a year of drastically lower oil prices, it should now be obvious that the current market downturn is just as severe as that of 1986. To those analysts and economists, who have tried to insist, through one dodgy set of calculations or another, that somehow the market conditions are different and, thus, this downturn is not as bad, I say, “sit down and shut up; the evidence has proven you wrong.” And let us not forget that the central character in both downturns remains Saudi Arabia.

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