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Sort of like how the Saudis created a glut of oil to drive the price down and crash the Russian economy, no?
by cryoshon 11y ago
Sort of like how the Saudis created a glut of oil to drive the price down and crash the Russian economy, no?
- tomp 11y agoThat's one possible explanation... Although it seems unlikely that they could actually do that, their share of oil exports is high, but not that high. Even if they could, they have better reasons than hurting Russia - such as simply driving down the price of oil to hurt green technology and fracking investments. There's of course also the abundance of oil coming from the US, and the slowdown in China...
- seren 11y agoThere are also in the process of crashing their own economy, which even to reach strategic goal does not seem wise. Falling oil prices and a a costly campaign in Yemen seems to be a bad combination. http://www.economist.com/news/middle-east-and-africa/21674403-will-it-be-enough-start-something?zid=308&ah=e21d923f9b263c5548d5615da3d30f4d http://www.economist.com/news/middle-east-and-africa/2167440...