The Tell: Don’t laugh: $400 oil isn’t THAT crazy

Last weekend, after Saudi Arabia threatened to cut the world off from its vast oil supply and President Trump puffed his chest in response, one prominent exec from the Kingdom painted a particularly gloomy picture of our energy future.

“If U.S. sanctions are imposed on Saudi Arabia, we will be facing an economic disaster that would rock the entire world,” Al Arabiya GM Turki Aldakhil wrote. “If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure.”

He said such a move would throw the entire Muslim world “into the arms of Iran, which will become closer to Riyadh than Washington,” and “the truth is that if Washington imposes sanctions on Riyadh, it will stab its own economy to death, even though it thinks that it is stabbing only Riyadh.

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