The Saudi Oil Refinery Shut Down Impact on Oil Prices Will Tell Us If the World Is In an Extreme Oil Glut, the IPO of Aramco, and the Future of Electric Cars

The Aramco IPO is the mother of all “insider sales” and definitively marks the end of the hydrocarbon era.
Crude oil has been heading lower in spite of attacks to tankers in the Straits of Hormuz that would have in previous years sent the price up $20 quickly.
Oil refining is sliding out of the frame of relevance to the 21st century economy.

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