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If all of those countries which are currently dependent on bringing in oil money (Russia et al) are destabilized politically and financially then we all suffer.
by coldcode 11y ago
If all of those countries which are currently dependent on bringing in oil money (Russia et al) are destabilized politically and financially then we all suffer. Plus if the Saudis survive and knock off all of the other competitors the price will go through the roof and then where are we?
- jessaustin 11y agoUSA have basically been daring Russia to make us suffer for decades now. If they had it in them I guess we would have suffered already. It turns out that suffering is mostly an export for us. The Saudis will certainly "survive". They might put many other production areas out of business in the short term, and that is bad for current investors. It's good for alternate fuels, however, and it only keeps other areas out of production for as long as the price stays down. The internal contradictions of the Saudi state will eventually dictate a price rise...