Double Down: Oil Trading on the Blockchain

With plans to bring some oil trading to the blockchain, will the increased transparency in an otherwise opaque, cartel controlled market loosen Saudi control over oil prices? Chris Cook believes the fact that Saudi Arabia is about to float part of Aramco suggests that they believe the oil age is over but, in the meantime, who had more unlimited funds to manipulate prices? Saudi Arabia or banks with access to the central banks’ ‘free money?’

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