Oil and gas in the capitals ///

All it took to shake the world is a “NO” from Saudi Arabia, to the idea of production cuts to prop up oil prices. While this “no” is generating more economic stimulus to consumers around the world than what governments and central banks could provide, it has wreaked havoc on the oil and gas industry, on the global financial system, and on stock markets across the globe, including those of Saudi Arabia and other Gulf states. Some people are now terrified, as the memories of 1998-1999 are still vivid in their mind. (Editor’s note: And, we might add, the memories of 1986 are still vivid in many of our minds, too.)

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