[FoRK] geopolitics of low oil prices

Adam L Beberg beberg at mithral.com
Sun Jan 10 21:39:32 PST 2016


Saudi's are a puppet state of  .... 

Makes perfect sense now doesn't it. 

- Adam L. Beberg

> On Jan 10, 2016, at 9:24 PM, Lucas Gonze <lucas.gonze at gmail.com> wrote:
> 
> http://www.usatoday.com/story/money/cars/2016/01/10/oil-gas-prices-one-dollar-gallon/78080908/
> 
> First the quote:
> 
> "Gasoline prices are driven mostly by four factors: oil prices, proximity
> to refineries, refinery capacity and state taxes and levies. Oil prices
> have dropped below $33 a barrel and continue to collapse. The recent
> decision by Saudi Arabia to continue to keep its oil exports high
> essentially has dissolved the OPEC cartel. The decision also has forced the
> kingdom to chop its 2016 budget."
> 
> Now the red meat:
> 
> What are the geopolitics of that choice by the Saudi's? In particular, how
> does it benefit them in their conflict with the Iranians?
> 
> What I don't know is why the Saudis are willingly doing this to themselves,
> given their reliance.
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