The US-Saudi "secret" plan that was supposed to crush Putin quickly turned sour [5] when as we reported several days ago, [6] one after another America's own shale plays, which recently entered a very sharp bear market, started appearing on various death watches (case in point today's MHR Second Lien refi which repriced from L+500 to L+750 in minutes).
As a result, one wonders: did Obama realize that Russian "costs" which as everyone knows by now include a Eurpoean triple-dip recession, could also very soon include an insolvent US shale industry, and thus may be just a little too much, and, one further wonders, if he is the one who just tapped Saudi Arabia on the shoulder?
WTI - granted, record oversold as is [7]- explodes higher (on no news whatsoever)
[8]
As Brent-WTI compresses...
[9]
and Shale stocks are bouncing...
[10]
Charts: Bloomberg
