The King says oil is too cheap

No one asked me what I thought about oil prices. Did they ask you? Guess, as Tom Petty says, “it’s good to be king.”

Saudi Arabia’s king said in an interview published Saturday in a Kuwaiti newspaper that the price of oil should be $75 a barrel, much higher than it is now . . .

I’d like to politely suggest that the King return to his tent, gather his things, saddle his camel and ride far, far away.

I have had a little experience in these matters, Mr. King, and I think you have enough Dinars in the old bank account.

Oil should be $20 a barrel. How much money does it take to keep the camels fed? How many tents does a guy really need?

(Written Saturday morning before my coffee.)

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