[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:
> 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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