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Because Saudi Arabia, with its massive supply and low costs of production, wields massive influence over the price of oil. And, as we've seen recently, are very
by Donald 10y ago
Because Saudi Arabia, with its massive supply and low costs of production, wields massive influence over the price of oil. And, as we've seen recently, are very willing to defend its market share against long-term (clean energy) and immediate threats (such as fracking.)
- JBReefer 10y agoDoes this make Saudi the bad guys?
- mcv 10y agoOnly because of this? Or also because they're a very oppressive theocracy that pushes an extremist version of Islam on other countries, whole some members of the royal family may be funding terrorism? It's really questionable why Iran is seen as bad guys while Saudi Arabia is not. Saudi Arabia is many times worse than Iran.