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Saudi Arabia / OPEC is actively working to keep the prices high. I think that's a clear indication they believe we've reached the point of no return and stoppin
by The_Colonel 3y ago
Saudi Arabia / OPEC is actively working to keep the prices high. I think that's a clear indication they believe we've reached the point of no return and stopping the energy revolution is no longer possible. Lowering the prices might slow it down a bit, but all-in-all it would not bring long term higher profits.
- tonyedgecombe 3y agoNot only that but they can't afford it. They need the price to be near $100/barrel to avoid a budget deficit.