DID SAUDI ARABIA SABOTAGE ITS OWN MASSIVE OIL FACILITY?

Saudi Aramco is poised to become the biggest-ever IPO. Saudi Arabia sees its value at 2 trillion dollars but the price of oil that seems bent on staying below $60 per barrel is knee-capping that valuation. Despite global conflicts in Venezuela, Libya, etc., natural disasters and production cuts by both OPEC and Russia, the price of oil stubbornly refuses to rise. This is because the oil markets believe there is an endless supply of oil and totally discount the possibility of political unrest affecting production capacity. Saturday's attack on Saudi's massive oil facility may change all that. The question is, who is responsible. Let me throw out a conspiracy theory.

Who has the most to gain by the rising price of oil? The answer to that question is simple. It's Saudia Arabia itself. Did they sabotage their own huge oil facility to raise the price of oil and greatly enhance the value of their upcoming IPO? Only time will tell.