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''Although it may appear that Saudi Arabia and Russia are in conflict, the true foes for both countries are technology and capitalism.''

Excerpt
Brian L. Kloss, Tracy Chen
Brandywine Global, Around the Curve, The End of the World As We Know It?, March 31 2020

"Although it may appear that Saudi Arabia and Russia are in conflict, the true foes for both countries are technology and capitalism. The advancement of fracking technology and capitalism have seen the rise of U.S. exploration and production (E&P) as a significant competitor to both Saudi Arabia and Russia."

 

Brian L. Kloss, JD, CPA

Portfolio Manager and Head of High Yield

Tracy Chen, CFA, CAIA 

Portfolio Manager and Head of Structured Credit