Valuabl

Valuabl

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Valuabl
A crude move
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A crude move

The Saudi Arabians have cut oil production to boost prices and fatten their wallets. It’ll work. But higher inflation will be collateral damage.

Sep 15, 2023
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Valuabl
Valuabl
A crude move
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“Turning off the taps” by DALL•E

Saudi Arabia is the largest country in the world without a river. But, what they lack in lagoons, they more than make up for in oil. The world’s second-largest oil reserve flows beneath their deserts, and it’s quick and cheap for them to suck a barrel out. That allowed the kingdom to take control of the oil market and get…

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