This will make food cheaper for billions around the world, as price of food is strongly tied to the price of oil. In US alone, going from $4/gallon to $2/gallo

This will make food cheaper for billions around the world, as price of food is strongly tied to the price of oil. In US alone, going from $4/gallon to $2/gallon gives $400B/year (oil and food) more spending money in the pockets of consumers. Oil industries favor relatively a few, but lower prices favor everyone. On the flip side, the decade which includes heavy Iran sanctions and the Iraq war, Saudi's foreign reserve increased by almost $700B, in contrast the decade prior increased only by almost $20B. The price crash triggered by Saudis wanting to make Iran a less interesting investment after Obama's Iran Deal (with a huge cash reserve, the thinking is they can last a lot longer) and the market prospect of more oil flooding the markets after Iran's sanctions were removed. OT: How many know Saudis are the largest shareholders of Fox News outside of Murdoch family [0]? [0] http://www.sec.gov/Archives/edgar/data/1308161/000119312513352464/d586263ddef14a.htm http://www.sec.gov/Archives/edgar/data/1308161/0001193125133...