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Title : Graphics Worth A Thousand Words -- October 2, 2017
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Graphics Worth A Thousand Words -- October 2, 2017

This is simply remarkable.

It took a year but Saudi Arabian crude oil imports into the US have finally ... fallen off the chart. This is amazing -- there were reports in the mainstream media that this had occurred but I do not recall any stories suggesting it was this "bad" for the kingdom. I do not recall CNBC talking about this. With Saudi Arabian crude oil imports falling off the chart, the price of oil should be surging, shouldn't it? It's not. In early trading oil was down over 1.2% and WTI was trending toward $50 again.

So, the graphics, from this source:

The graph:

Look at Saudi cash reserves as of July, 2017.

Now, look at the most recent data, just released:

http://ift.tt/2dZyQXu

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