RE:RE:What's Trump Up To?I agree you have hit the nail on the head. Obviously Trump has played his hand as to what he wants to happen on Dec 5/6, no cuts.
It seems he wants lower prices, even it means supporting Iran, which flies in the face of his support for the Sauds.
Here are a few reasons why the Sauds will want to cut:
1. Diversification strategy needs $80+ to IPO in 2019/2020;
2. Suadi budget needs $85 to balance. At $55/bbl Brent, that's a shortfall of 115 Billion per year. They used up a lot of cash reserves in the last crash. They need money to fend off a revolution.
3. They know perfectly well what will happen if they do nothing, 2014 all over again.
4. Their strategy to drive out shale oil by pumping all out has been acknowleged as a failure.
So it all comes down to Trump's marker of absolution re: Kashoggi. and how much the Sauds are willing to pay for it. THE ROW thought it was a joke.