Twitter On Fire Tonight -- Saudi Will Take All Steps Necessary To Stop Slide In Oil -- August 7, 2019

I've been blogging since 2007.

I can't recall, in all that time, the twitter "oil" community so on fire.

I vividly recall watching the market crash, watching CNBC live, September 15 (?), 2008.

I've always felt the crisis was set off by the "mark-to-market" rules.

I'm not the only one.

The news coming out of Saudi Arabia today has that same feeling, but this time with regard to oil. Scrolling through twitter tonight reminds me of watching CNBC live the day the market crashed in 2008.

American Pie, Don McLean