Needs To Be Repeated -- January 13, 2017

This is why I love to blog. Earlier today I noted a story that I thought was quite amazing: Saudi Arabia saying that a) it had cut production to less than 10 million bopd in January; and, b) that it planned to cut deeper. I thought that was pretty remarkable, deserving of a headline story over at CNBC (maybe next week). But Zacks caught it: 

Saudi surprised the world by cutting oil output to less than 10 million barrels a day, which is below its pre-set level, and indicating a renewal of its plans to slash crude output in six months. With this, the world’s biggest oil exporter is currently pumping at a 22-month low.

The takeaways:

• below 10 million bopd
• below its pre-set levels
• indicates it will cut further
• pumping at a 22-month low 

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The Great Pretender

#13 in the 20-song countdown.

The Great Pretender, The Platters