What Saudi Arabia Told The Bank Of England About Why Oil Crashed And Where It Is Headed Next

– What Saudi Arabia Told The Bank Of England About Why Oil Crashed And Where It Is Headed Next (ZeroHedge, March 16, 2015):

“Ladies and gentlemen. A few weeks ago, in Riyadh, I was at a small, private function along with the British central bank governor, Mark Carney. Mr Carney asked me two questions. First, why did the oil price drop? And the second, where is the price heading? I will tell you today what I said to him then.”

Ibrahim Al-Muhanna, Advisor to the Minister of Petroleum and Mineral Resources for Saudi Arabia

And now a special challenge for Zero Hedge readers: spot the number of lies uttered by the advisor in the text above. We exclude his repeat denials of the “conspiracy theories” – those don’t count.

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