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Yes, it's going to be interesting to see how this unfolds politically, particularly in Saudi Arabia.

The IMF thinks Saudi has cash reserves to cover five years - which is more than competing countries have.

So they can play white knuckle poker and out-wait everyone else, then jack up prices again around 2019/20 - just in time to kill any recovery that might be happening by then.

> So they can play white knuckle poker and out-wait everyone else, then jack up prices again around 2019/20 - just in time to kill any recovery that might be happening by then.

The rest of the world better move off of oil quickly then.

is there a way to move off oil quickly?

Provider greater incentives for electric vehicles, place a carbon tax on petroleum fuels.

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