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by civilian
4196 days ago
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I also read an article talking about how the Saudi's wanted to ruin Iran. And another one about how they want to ruin Russia. I feel like any simple explanation like that is probably wrong. They realize that OPEC doesn't have enough of a majority of the production to take true advantage of lowering prices. America isn't part of the cartel, so our shale companies would be making out with a lot of money, b/c they're not going to lower production. http://www.economist.com/news/finance-and-economics/21635510... However, yeah, it's definitely weird how some journalists are coming out in favor of cartels in this scenario. I assume it's from not having a well-rounded education. |
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