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by bd_at_rivenhill 4123 days ago
More like the Saudis are driving the price down partly in order to inflict damage on the Iranians, with whom they are engaged in something close to a cold war, but mostly to choke out the high cost producers in the US and make future investments in that sector look very risky.

There is definitely a strong destabilizing effect on Russia, Iran, and Venezuela at the very least.