Quote:
Originally Posted by saratogadew
correct!
Also, the Saudi's are in overproduction mode. They want cheap oil to drive out the frackers and natural gas industry. Then we will be beholding to them when the prices go to 5.00/gallon.
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http://money.cnn.com/2016/01/05/news...il-budget-gas/
Not quite.
The saudis are in a world of hurt right now because of oil. They give a lot of free or super cheap stuff to their citizens to keep them from rising up. And right now thei budget is so far in the red they are really starting to worry.
Be sure to hit the economic bomb link, takes you to another more in depth article about saudi arabia.
Things are only about to get worse in the middle east.