>>...And tank their own profits? Cheap oil is good for literally everyone but the Saudis, that's the entire reason they've cut supplies since the glut of 2014-1

>>...And tank their own profits? Cheap oil is good for literally everyone but the Saudis, that's the entire reason they've cut supplies since the glut of 2014-15. Like you yourself said, Saudis are obscenely rich. They can tolerate losses in profits. In contrast, fracking companies in the US can't, at least not without massive government subsidies.