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My favourite conspiracy theory lately is that the Saudis needed to increase the oil price to recover losses from their VC investments.

• sremani 3y ago
  I am not sophisticated investor or commodities trader -- but I do not think Oil prices work that way. The problem for Saudis always has been whatever cuts to production they make were fulfilled by others who exceed the quota. There are many oil rich but cash desperate parties out there. It's much easy for Saudis to create a panic than delicately reach a target price. May be I am wrong, but experienced commodity traders can respond and correct me.
  • vxNsr 3y ago
    That’s why it was so helpful to them when Biden was elected, he immediately implemented policies that futures traders felt spelled decrease in supply both short and long term, that along w the war in Ukraine made for a very successful year.
    • prottog 3y ago
      And yet crude oil prices are now lower than they were prior to the breakout of the war in February 2022. Funny things, these markets!
      • vxNsr 3y ago
        Crude of course isn’t the whole story. Gas in my region is again over $4/gal
• MisterBastahrd 3y ago
  What better way to do that than to pay a couple hundred million a year to each washed up soccer player they can recruit to play in the desert?
• lotsofpulp 3y ago
  And like most conspiracy theories, it makes no sense. As if businesses choose to sell at a lower price than they could be selling at, and then switch to selling at a higher price if they feel like earning more money. Especially with a fungible commodity like oil.