[rad_gruchalski]

> If the Saudis and Iran stop pumping oil then all developed economies will be in the shit.

Oil is 70% of KSA export earnings. If they stop selling, they are also in shit. Iran is 5% of worldwide supply, biggest buyer is China.

[LatteLazy]

Saudi cut their pumps last year didn't they? After 40 odd years of OPEC prices they can afford to just pour money out like a fire hose for a long time...