Do not laugh: $ 400 oil is not THAT crazy

Last weekend, after Saudi Arabia, President of the United States, President of the United States, President of the United States

"If U.S. sanctions are imposed on Saudi Arabia, we would be facing an economic disaster that would rock the world," Al Arabiya GM Turki Aldakhil wrote. "If the price of oil reaches $ 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 be the world's Muslim world, which would be 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. "

That $ 400 figure was used as MarketWatch's "call of the day," which drew all sorts of internet eye-rolling, including this tweet from our own chief office.

But not everybody thinks the $ 400 level is so far-fetched.

Jody Chudley of "The Daily Reckoning" blog swam upstream and said he would not necessarily rule out such a ridiculous move, considering what Saudi Prince Prince Mohammed bin Salman has proven capable of.

"For months now we have been keeping tabs on MBS, warning you that it is a risk to global stability," he wrote. "But the reality of how dangerous is more apparent. Make no mistake, this weapon is very real. "

Chudley says if you do not think the prince would use that to destabilize the world, you have not paid attention.

He went into MBS's "impressive list of misdeeds," perhaps the most epic personal shopping spree in the history of mankind. "A $ 300-million home, a $ 450-million da Vinci painting, a $ 500-million yacht, etc.

"These are obscene," he wrote. "Dig deeper and it gets even worse. He is in the throes of being in the world while he is in the world.

MBS also pointed out that, while he pointed out, he said, "While under the leadership of the Royal Family under the guise of a corruption shakedown and while creating a humanitarian crisis in Yemen.

"This hypocrisy man knows no bounds," Chudley wrote. "Which leads me to believe there is no reason to believe that this man possesses a conscience that would stop him from being unleashed in the Saudi oil weapon of mass destruction."

He says he does, indeed, come to that, and he does not know how to do it, it would be a "Mad Max movie come to life."

No sign of Mad Max yet. Oil

CLZ8, -1.26%

was down more than 1% late Thursday to $ 68.93 at barrel. It began the week near the $ 72 level.

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